SHANGHAI—Fresh data showing strong capital inflows into China and a spike in the interest rates on central-bank debt showed continuing pressure on the government to keep fighting inflation with tightening measures despite worries about weakness in the global economy.
Foreign direct investment in China last month jumped 20% from a year earlier to $8.3 billion, China’s Commerce Ministry said Tuesday. The data came as the People’s Bank of China unexpectedly jacked up the interest rate on its debt for the first time since late June. That higher yield, which came in a regular weekly auction of one-year bills, was seen …
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