Wednesday, June 13, 2007

China's Industrial Production Surges, Highlighting Failure to Cool Economy

(Bloomberg) -- China's industrial production grew
at the fastest pace in three months, underscoring the
government's failure to cool the economy.

Output rose 18.1 percent in May from a year earlier, the
National Bureau of Statistics said today, after gaining 17.4
percent in April. That compared with the 17 percent median
estimate of 19 economists surveyed by Bloomberg News.


Read more at Bloomberg Emerging Markets News

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