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Chinese economy powers along

12 Sep 2010

From Craig James - Commsec

Chinese economic data

The Chinese economy strengthened in August. Production, retail trade, inflation and money supply all grew at a stronger annual rate in August suggesting that authorities will need to lift rates to slow the economy.
Industrial production rose at a 13.9 per cent annual rate in August with retail spending up 18.4 per cent and consumer price inflation hit a 22-month high of 3.5 per cent on higher food costs.

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Tags:consumer spending exports global economy inflation interest rates investment Reserve Bank retail sales

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