China's inflation has climbed to its highest level in nearly three years, sparking concerns of further interest rate rises and other measures to keep the massive US$6 trillion economy from overheating.
China's inflation rate for March rose to a higher-than-expected 5.4 per cent, Beijing's National Bureau of Statistics said on Friday.
The inflation rate is up from 4.9 per cent in February and is at its strongest level since July 2008. In addition, China's first-quarter gross domestic product grew 9.7 per cent, outpacing market expectations of about 9.5 per cent.
The March inflation number, leaked by Hong Kong media before Beijing's official announcement, has already spooked offshore equities and commodities markets.
Fears stoked by Beijing's latest set of official data range from economic overheating to concerns of a slowdown brought on by raising interest rates too far, too fast.
Click here to keep reading at MorningStar
China's inflation rate for March rose to a higher-than-expected 5.4 per cent, Beijing's National Bureau of Statistics said on Friday.
The inflation rate is up from 4.9 per cent in February and is at its strongest level since July 2008. In addition, China's first-quarter gross domestic product grew 9.7 per cent, outpacing market expectations of about 9.5 per cent.
The March inflation number, leaked by Hong Kong media before Beijing's official announcement, has already spooked offshore equities and commodities markets.
Fears stoked by Beijing's latest set of official data range from economic overheating to concerns of a slowdown brought on by raising interest rates too far, too fast.
Click here to keep reading at MorningStar
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