Home >> Finance >> Currency

China's inflation accelerated in February, adding pressure on the central bank to raise interest rates in the world's fastest-growing major economy.

Consumer prices rose 2.7 percent from a year earlier after gaining 2.2 percent in January, the National Bureau of Statistics said today. That lagged behind the 2.8 percent median estimate of 21 economists surveyed by Bloomberg News.

China reported its second-highest monthly trade surplus yesterday, adding to a flood of cash that's helping to push up prices. The central bank will use interest rates, bank reserve requirements and treasury bill sales to soak up liquidity, central bank Governor Zhou Xiaochuan told reporters in Beijing.

>> Full Article

Previous: Aviation trading giant seeks strategic investors before listing