Thursday, April 19, 2007

China's Economy Surges 11.1 Percent, More Than Expected, Paced by Exports

(Bloomberg) -- China's economy grew at a faster than expected 11.1 percent pace, powered by exports that have inflamed trade tensions and increased the risk of overheating.

Spending on factories and real estate accelerated in the first quarter, the statistics bureau said today in Beijing. The median estimate of 24 economists surveyed by Bloomberg News was for growth of 10.4 percent from a year earlier, the same as in the previous quarter.


Read more at Bloomberg Emerging Markets News

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