Thursday, April 19, 2007

WRAPUP 1-China's economy accelerates in Q1, more tightening see

(Reuters) - BEIJING, April 19 - China's economy grew at a blistering 11.1 percent annual pace in the first quarter on the back of booming investment and exports, fuelling speculation that interest rates would need to rise again soon.

The growth rate announced on Thursday was broadly in line with the 11.0 percent forecast by economists in a Reuters poll but it marked an acceleration from 10.4 percent in the fourth quarter of 2006.


Read more at Reuters.com Economic News

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