Thursday, January 24, 2008

China growth reaches 13-year high



Increased exports and a boom in the construction industry helped the rapid expansion during 2007.


But officials warned that overheating remained a danger, despite a slight slow-down in the fourth quarter.


Inflation is also a serious concern, with many Chinese people hit by recent dramatic increases in food prices.


Over the past year the Chinese economy has grown by 11.4%, which is its fastest growth rate reached in the last thirteen years. To control inflation, the government has introduced a range of price controls to help the prices of ordinary goods, particularly food, stay controlled.

(grade this post)

No comments: