Monday, October 29, 2007

China growth slows to 11.5%

From the Business Report (South Africa):

China's economy expanded 11.5 percent in the third quarter from a year earlier, official data showed yesterday, increasing pressure on the government to act to prevent overheating.

The pace was slightly off the 12-year high of 11.9 percent achieved in the second quarter, but analysts say Beijing may still have to let the yuan appreciate more quickly to reduce the trade surplus, and the central bank may have to hike borrowing costs further to curb inflation and prevent asset bubbles....MORE

And from Bloomberg:

China's Economy Expands 11.5%, Adding Yuan Pressure

China Will Probably Raise Rates After 11.5% Expansion