China Inflation Rises; Global Stocks Mixed
Category Business | Thursday, March 11th, 2010BEIJING (TheStreet) — Inflation in China rose in February, making for tentative trading Thursday as investors wondered whether the Chinese government might take further action to stem the economy from overheating.
Shanghai’s Composite Index ended with a gain of 2.36 points, or 0.1%, to 3,051.28, after being in the red earlier in the session.
Inflation in China rose 2.7% in February, a 16-month high, up from an increase of 1.5% in January, China’s National Bureau of Statistics said. The rise in inflation exceeded the estimates of most analysts, theAssociated Press reports.