(Bloomberg) -- China's stocks and bonds slumped and the yuan climbed on speculation a government report today will show the economy is growing fast enough to force the central bank to raise interest rates.
The government will probably report today that gross domestic product expanded more than 10 percent for a fifth straight quarter in the three months ended March 31, according to a Bloomberg News survey of economists. China has increased borrowing costs to cool the world's fastest-growing major economy and curb inflation.
Read more at Bloomberg Currencies News
No comments:
Post a Comment