China's GDP soars higher-than-expected 9.7%
China's gross domestic product grew 9.7 per cent in the first quarter, exceeding consensus estimates and raising further doubts over the effectiveness of Beijing's effort to cool the economy.
The National Bureau of Statistics said on Thursday that the country's GDP, which grew 7.9 per cent in the same period last year, had reached Rmb2,710.6bn by the end of March. Fixed-asset investment grew a staggering 43 per cent to Rmb879.9bn while the consumer price index went up by 2.8 per cent, compared with 0.5 per cent in the same period last year
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China's gross domestic product grew 9.7 per cent in the first quarter, exceeding consensus estimates and raising further doubts over the effectiveness of Beijing's effort to cool the economy.
The National Bureau of Statistics said on Thursday that the country's GDP, which grew 7.9 per cent in the same period last year, had reached Rmb2,710.6bn by the end of March. Fixed-asset investment grew a staggering 43 per cent to Rmb879.9bn while the consumer price index went up by 2.8 per cent, compared with 0.5 per cent in the same period last year
http://news.ft.com/servlet/ContentS...y&c=StoryFT&cid=1079420359660&p=1012571727088