China Economy Grows 11.9%

• China's economic growth accelerated to the fastest pace in almost three years.
• Gross domestic product rose 11.9 percent from a year earlier, the statistic bureau said.
• Poperty prices rose by a record in March and foreign-exchange reserves climbed the most in four months, the government said this week.
• Economic growth was largely driven by simulus policies and a comparison with low levels in 2009. Officals pledged to do more to rein in the property market.
• Industrial production rose 18.1 percent in March and retail sales climbed 18 percent. car sales leapt 76 percent inthe first quarter from a year earlier, with Mercedes-Benz (China) Ltd. reported a doubling.
• Some investors already see a property bubble in China that could reverberate around the World if it bursts.
• Residential and commercial real-estate prices in 70 cities climbed 11.7 percent in March from a year earlier, the most since data began in 2005.

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