China’s Growth Surge May Make Inflation Task Tougher (Update2)

http://www.bloomberg.com/apps/news?pid=20601068&sid=aVSiGpBpciEg

Fourth-quarter economic growth was driven by an unprecedented $586 billion stimulus package, subsidies for consumer purchases and a credit-fueled investment boom. The property market has rebounded and a 13-month slump in exports ended last month. For the full year, GDP gained 8.7 percent, beating Wen’s 8 percent target.

Retail sales rose 16.9 percent last year after adjusting for consumer price changes, the bureau said. The government previously said that gain was the biggest since 1986.