Red-hot growth fuels economy

China’s economy continued its rapid expansion in March as the inflation index climbed to a 32-month high.

Meanwhile, GDP rose marginally faster than expected in the first quarter, indicating that the government still has much work to do to prevent the economy from overheating.

The consumer price index (CPI), a main gauge of inflation, rose 5.4 percent year-on-year in March, the National Bureau of Statistics (NBS) said on Friday. The growth rate is the fastest since July 2008 and exceeded most economists’ forecasts of 5.2 percent .

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