Focus on China: Key Themes Remain Growth and Inflation
Econ Grapher submits:This week the focus goes entirely to China, with an overview of some of the key economic statistics released over the past week. We look at the GDP results, then summarize the inflation situation, followed by a look at retail sales growth and industrial production, finishing up with a snapshot of new loans.
China reported 1Q 2011 GDP growth of 9.7%, basically flat on the previous quarter's 9.8% (11.9% in 1Q 2010), and above consensus expectations of about 9.5%. China's economy is still being kept strong by surging investment, with fixed asset investment rising 25% in March to CNY 3.95 trillion, boosted by construction. Trade volumes are also running relatively strong. But GDP is only one part of the Chinese economic picture...
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China reported inflation of 5.4% year on year in March, up from 4.9% in February (March 2010 2.4%), and aboveComplete Story »