“Strathclyde Associates” Taking A Look - China’s Economy Part One
China’s economy expanded 11.
9% from a year earlier in the first quarter of 2010, a strong result
highlighting both the strength of the recovery in China and the increasing risks of...
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“Strathclyde Associates” Taking A Look - China’s Economy Part One
China’s economy expanded 11.
9% from a year earlier in the first quarter of 2010, a strong result
highlighting both the strength of the recovery in China and the increasing risks of overheating.
Inflation has been subdued so far, with the consumer price index rising 2.
4% in March from a
year earlier, marginally lower than February’s 2.
7% rise and close to Beijing’s 3% target.
“Strathclyde Associates” Taking A Look - China’s Economy: The IMF expects consumer price
inflation to be 3.
1% for this year but to slow down to 2.
4% in 2011.
The government is of the
opinion that China’s main problem is that property prices are too high, not that the total
economy is overheating.
Therefore, most of its policy measures in recent weeks have focused
narrowly on reining in property speculation, while conspicuously avoiding broader measures —
like interest rate hikes — that would affect everyone.
The State Council repeated its p
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