Strategic Intelligence for CFOs, Finance Directors, Controllers and Treasurers in Asia  | 
2012, May 22

China's Economy Expands 11.9%

Home > News > China's Economy Expands 11.9%
News

China's Economy Expands 11.9%

by CFO Innovation Staff, 15 April 2010
topics:
Metrics
tags:
currency economic recovery GDP renminbi Yuan
Thumbnail: 

China's gross domestic product rose 11.9% from a year earlier in the first quarter of 2010, the fastest pace in almost three years, reports Bloomberg.

 

Citing analysts, Bloomberg notes that the latest figures could add pressure on Premier Wen Jiabao to strengthen the yuan and raise interest rates.

 

Stephen Green, head of China research at Standard Chartered Bank Plc in Shanghai, forecasts two interest-rate increases of 27 basis points each this quarter and the strengthening of the yuan against the dollar to slash import costs.

 

In a statement issued before the latest data were published, China's State Council notes the country's economic recovery has been further consolidated in recent months, but there are still major problems and risks to deal with, such as the real-estate market: property prices in China grew at the fastest pace in nearly five years in March, according to official figures released Wednesday.

Original Article URL: 
China Economy Grows 11.9%, Pressuring Wen on Yuan Peg
Orignal Author: 
CFO Innovation Staff
Quote Image: 
Original Article URL:

Related articles

Comment on this article

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <a> <p> <span> <div> <h1> <h2> <h3> <h4> <h5> <h6> <img> <img /> <map> <area> <hr> <br> <br /> <ul> <ol> <li> <dl> <dt> <dd> <table> <tr> <td> <em> <b> <u> <i> <strong> <font> <del> <ins> <sub> <sup> <quote> <blockquote> <pre> <address> <code> <cite> <embed> <object> <strike> <caption>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

Verification Code
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Accounting and Regulations

CFO innovation Asia Accounting and Regulation the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Accounting Regulation, IFRS, US GAAP, Tax, investor relations, corporate governance, Corporate Law, Financial Regulators, Internal Audit, Audit, Corporate Law.
Auditing, Investor Relations, Law and Compliance, Tax

Finance and Banking

CFO innovation Asia, Finance and Banking the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Corporate Finance, trade finance, treasury and risk management, capital expenditure, Banking, mergers and acquisitions
Cash and Liquidity Management, Corporate Finance, Insurance, Treasury Management

Management

CFO innovation Asia the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Management, Corporate Governance, Human Resource Management, Compensation and Benefits, Mergers and Acquisitions, Professional Development, Corporate Real Estate, Risk Management, Budgeting and Forecasting, Business Process Management, Business Process Reengineering, Outsourcing.
Budgeting and Planning, Business Expense Management, Human Capital Management, Outsourcing and Shared Services, Risk Management

Metrics

Corporates, Financial Services

Technology

CFO innovation Asia Technology the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Systems, Business Intelligence, EPR, Accounting software, CRM, Cloud Computing, Telecommunications, Business Process Outsourcing, Business Process Management Software.
Business Intelligence, Enterprise Software and Systems, Financial Systems, Security