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 BEIJING (AP) - China's sizzling economy surged 11.1 percent in the first quarter and inflation rose to its highest level in more than two years, raising prospects authorities will take further measures to cool growth and sparking sell-offs in regional markets.
"If this type of fast growth continues, there is the possibility of shifting from fast growth to overheating. There is that risk," Li Xiaochao, spokesman for the National Bureau of Statistics, told a news conference.
The consumer price index in March rose 3.3 percent, the bureau said, above the government's 3 percent target. Fixed-asset investment countrywide grew a robust 23.7 percent during March.
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