Economics
China May Intensify Inflation Fight as Prices Surge
This article is for subscribers only.
China’s economic data for November showed growth is withstanding government curbs and extra measures may be needed to tame the highest inflation rate in more than two years.
Industrial-output gains accelerated to 13.3 percent last month from a year earlier, exceeding economists’ median estimate, a statistics bureau report showed in Beijing yesterday. Consumer prices rose a more-than-forecast 5.1 percent, the most since July 2008.