China Battles Inflation
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As Fed seems poised to cut rates, Beijing raises them.
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China's economy will grow by 9.3 percent this year, the government forecast Thursday, amid signs that efforts to tame the economic boom may be failing to cap inflation.
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China's economy picks up pace, stoking fears it may be overheating and driving the rate of inflation.
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China's consumer inflation slowed in January, according to official figures show.
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China's central bank on Thursday raised  interest rates for the first time in nearly a decade in its  boldest move yet to guide its heated economy to a path of  slower growth.
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China may avoid a sudden economic slowdown after the central bank raised benchmark interest rates for the first time in nine years last week, a survey showed.
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China&#39;s central bank has raised interest rates for the first time in 14 years, in a bid to moderate the country&#39;s explosive economic growth.
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China's annual inflation rate dropped sharply in November, heartening policy makers who have been striving to cool the economy and reducing chances of a further rise in interest rates in the near term.
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WASHINGTON -- Continuing concerns about inflation underpin the Federal Reserve's stand against changes in interest rates.
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China came under pressure on Saturday  to let its currency rise faster to ease imbalances in trade and  capital flows that pose one of the biggest risks to global  growth.
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China dramatically stepped up the appreciation of its currency, allowing it to push through an important level against the dollar for the first time.
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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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China's central bank on Thursday raised interest rates for the first time in nearly a decade in a surprise move that was the boldest so far aimed at guiding a heated economy onto a path of slower growth.
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China&#39;s central bank raised interest rates for the second time in less than a month on Friday in an attempt to rein in soaring food prices, excessive bank lending and bubbles in the property and stock markets.
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Chinese inflation rose in February on  the back of higher food costs, but economists said they did not  expect price pressures to get out of hand despite breakneck  growth and plentiful cash in the banking system.
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Surging food prices boosted China's annual consumer price inflation in May to a 27-month high, extending a rising trend and reinforcing expectations that interest rates will rise further.
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China's economic growth is expected to slow slightly next year to a still robust 10.9 percent, with inflation at 4.5 percent, the central bank's research bureau said in a forecast reported Friday by a government newspaper.