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pressure on prices is increasing

Wednesday, January 23, 2008

BEIJING (XFN-ASIA) - Upward price pressures are increasing and China's economy still faces the risk of overheating, the National Bureau of Statistics (NBS) said.

The consumer price index rose 4.8 pct in 2007 with a 6.5 pct increase year-on-year in December.

The NBS also said in a statement that China will seek to rebalance growth in its economy and open it up to foreign participation. It did not provide details.

bjburo@xfn.com

Posted by MOHAMED SAID at 7:52 PM  

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