BOSTON ( TheStreet) -- China's accelerating inflation may restrain economic growth and strengthen the yuan if the government takes counteractive measures.China's consumer price index rose 2.7% in February, the fastest pace in 16 months and more than economists' estimates of 2.5%. China's massive economic stimulus has kept the economy purring as global growth has sagged. Quicker inflation makes it more likely that the Chinese government will pull the stimulus early. China could also raise interest rates to slow growth and contain inflation.
China's Inflation Pressures Government
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