Fears that the Chinese economy is overheating mounted after official figures revealed that it grew faster than expected at the end of last year and inflation remained above target.
Southern Guangdong province, home to China’s biggest regional economy, added to concerns by announcing a 26 per cent rise in its minimum wage.
The national economy grew at an annual rate of 9.8 per cent in the final quarter of 2010, and by 10.3 per cent for the entire year.
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