Tuesday, May 15, 2007

China's Industrial Output Climbed 17.4 Percent in April as Exports Boomed

(Bloomberg) -- China's expansion of industrial production held above 17 percent for a second month, adding to pressure on the government to raise interest rates to cool investment in the world's fastest-growing major economy.

Output rose 17.4 percent in April after climbing 17.6 percent in March, the statistics bureau said today. That was close to the 17.5 percent median estimate of 18 economists surveyed by Bloomberg News.


Read more at Bloomberg Emerging Markets News

No comments: