Thursday, January 21, 2010

China’s GDP Growth Accelerates to Fastest Since 2007 (Update2)

http://www.bloomberg.com/apps/news?pid=20601087&sid=ah5uJvRvp8gM&pos=1

“Today’s data suggest that tighter policy is just around the corner,” said Brian Jackson, a Hong Kong-based strategist on emerging markets at Royal Bank of Canada. “Policy makers will need to move soon to stop the economy from overheating,” he said, forecasting officials will end an exchange-rate peg and boost interest rates starting this quarter.

No comments:

Post a Comment