11.9% growth sparks fears of overheating
By Wang Xiaotian | China Daily | Updated: 2010-04-16 08:17
BEIJING - The economy grew by a better-than-expected 11.9 percent year on year in the first quarter, official figures showed Thursday, prompting renewed calls for tighter policies to prevent overheating.
The blistering rate is the fastest since 2007 and the figure is 5.7 percentage points higher than the same period last year, and 1.2 points higher than the last quarter, according to the National Bureau of Statistics.
The consumer price index (CPI), a key gauge of inflation, rose 2.2 percent in the same period. It grew by a mild 2.4 percent in March, compared to 2.7 percent in February.
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