May 23, 2024

Chinese shoppers walk past a billboard outside a garment shop in Beijing, 19 June 2007. China’s urban fixed asset investment picked up to 25.9 percent in the first five months of 2007, official data showed 15 June, amid expectations the government will act soon to slow its juggernaut economy. The government also reported earlier in the week that China’s trade surplus had surged 73 percent and its inflation rate hit a worryingly high 3.4 percent in May — above the central bank’s target rate of three percent for the year. AFP PHOTO/TEH ENG KOON