Dialogue 10/05/11 Robust growth in April

The growth of China''s industrial value-added output was 17.8 percent in April, slightly lower than 18.1-percent increase in March. The figure was compared with a 7.3-percent growth in April last year, when the national economy was hit hard by the global financial crisis. The new data showed explosive growth in some segments of the country’s economy, renewing concerns that Beijing may have to do more to prevent it from overheating. It will also probably increase pressure on Beijing to raise interest rates and allow its currency, the renminbi , to appreciate against the dollar. Today we are joined here live by Charles Liu, Founder & Managing Partner Hao Capital and Professor Patrick Chovanec, Tsinghua University. （DIALOGUE Edition 131-2010）