Chinaâs Growth Accelerates to 11.9%, and Food Prices Spur Inflation
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Chinaâs economy grew at its fastest pace in a decade in the second quarter, raising fears that the economy was overheating.
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BEIJING -- China's sizzling economy grew faster in the second quarter despite official efforts to apply the brakes, expanding by 11.9 percent over a year earlier, the government reported Thursday. It said it would take new steps to cool the boom.
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Inflation in China reached a 27-month high last month, but separate figures for growth in the money supply and loans suggested that the broader economy was not yet overheating.
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Beijing raised its estimate of the 2006 growth rate from 10.7 percent to 11.1 percent, moving China closer to overtaking Germany as the worldâs third-largest economy.
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China raised interest rates on Friday  in the latest of a series of tightening steps aimed at keeping  inflation in check and preventing the world&#39;s fourth-largest  economy from overheating.
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Chinaâs trade surplus rose to $26.9 billion in June, showing that demand for the countryâs goods remains strong despite concerns about their safety.
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China's economy expanded 9.5 percent in 2004, the government said on Tuesday, issuing strong data that suggested Beijing will have to keep a tight grip on credit and investment this year.
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China's economy grew 11.4 percent in 2007, its fastest expansion in 14 years, driven by a boom in exports and investment, but growth slowed slightly toward the end of the year, according to government data reported Thursday.
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The rate of obesity in China has increased by 97% in 10 years, according to a government report.
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China's economy continues to expand at a rapid pace, growing 9.5% in 2004 despite government efforts to take it off the boil.
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China's inflation rate in August was 5.3 percent year-on-year, matching July's figure as food prices continued to soar, official data showed.
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China's retail sales in the first two months rose a strong 14.7 percent from a year earlier, reinforcing a trend of sturdy spending buoyed by rising incomes and government steps to spur consumption.
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China grew 11.4 percent in 2007, the  fastest pace in 13 years, but is headed for a modest slowdown  this year as global demand weakens and credit curbs to cap  inflation ripple through the economy.
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BEIJING -- China&#39;s inflation rate slowed sharply in November, kept in check by lower price rises for food as government efforts to curb the economy began to bite, official data showed Friday.
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China raised interest rates on Thursday  for the sixth time this year, the latest of a series of  tightening steps to cap inflation and prevent the world's  fourth-largest economy from overheating.
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China revised its 2006 economic growth data to a 12-year high of 11.1 percent, from 10.7 percent.
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BEIJING (Dow Jones)--China raised interest rates Thursday for the first time in more than nine years, escalating its battle to tame feverish economic growth but immediately