(Bloomberg) -- China's factory and property
investment surged, adding to speculation that an interest-rate
increase is imminent after inflation, exports and industrial
production growth accelerated.
Fixed-asset investment in urban areas rose 25.9 percent in
the first five months from a year earlier to 3.2 trillion yuan
($420 billion), the National Bureau of Statistics said today.
That topped the 25.5 percent increase in the first four months
and the 25.4 percent median estimate of 17 economists surveyed
by Bloomberg News.
Read more at Bloomberg Emerging Markets News
investment surged, adding to speculation that an interest-rate
increase is imminent after inflation, exports and industrial
production growth accelerated.
Fixed-asset investment in urban areas rose 25.9 percent in
the first five months from a year earlier to 3.2 trillion yuan
($420 billion), the National Bureau of Statistics said today.
That topped the 25.5 percent increase in the first four months
and the 25.4 percent median estimate of 17 economists surveyed
by Bloomberg News.
Read more at Bloomberg Emerging Markets News
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