BIZCHINA / Center |
Fixed-asset investment up 25.9%(Bloomberg)Updated: 2007-06-15 15:26 China's factory and property investment surged, fueling speculation that an interest-rate increase is imminent after exports, industrial production and inflation accelerated.
"The economy is absolutely booming and after a brief correction the stock market has taken off again," said Jing Ulrich, chairwoman of China equities at JPMorgan Chase & Co. in Hong Kong. "Clearly the central bank has a tightening bias after this week's economic data." (For more biz stories, please visit Industry Updates) |