(Bloomberg) -- China's stocks slumped and the yuan climbed to a post-revaluation high as a government report raised speculation the economy is growing fast enough to force the central bank to raise interest rates.
The government said today gross domestic product expanded 11.1 percent in the three months ended March 31, exceeding 10 percent for a fifth quarter. China has increased borrowing costs three times in 11 months to cool the world's fastest-growing major economy and curb inflation, which quickened to the fastest in more than two years in March.
Read more at Bloomberg Currencies News
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