Overheating Worries: China Economy Sizzles with 11.1% Growth in Q1 07
- Concerns about inflation are likely to grow after CPI rose to its highest since hitting 3.9 percent in February 2005.
- China raised interest rates three times in the past year and imposed investment curbs on real estate, the auto industry and other fields.
- Fixed-asset investment grew a robust 23.7% during March
- The first-quarter investment in real estate development was up 26.9%over the same period last year.
United States reported a record $232.5 billion trade deficit with China in 2006.