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
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