China’s latest growth figures indicate the economy grew by 9.7 percent during the first quarter compared to the same time period one year ago. The exceptionally rate of growth continues to stoke inflation fears however, as consumer prices rose 5.4 percent in March versus March, 2010.
Food prices account have been the driving force behind inflation with a 11.7 percent jump in March alone. Housing prices have also increased dramatically as has demand for oil.
Source: BBC News
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.