Financial Times FT.com

China economy races on after storm chaos

By Richard McGregor in Beijing

Published: April 17 2008 03:00 | Last updated: April 17 2008 03:00

China's economy grew by 10.6 per cent in the first quarter, compared with the first three months of 2007, despite widespread disruption from ice storms and power cuts to industry and transport in January and February.

The gross domestic product rise, which was above a market consensus of just above 10 per cent, means that Beijing is likely to continue tightening monetary policy in the coming months, while its big trading partners loosen credit.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this