China's Economy Expands More-Than-Forecast 9.7% as Inflation Accelerates

``Consumer prices rose 5.4 percent from a year earlier, the statistics bureau said at a briefing in Beijing today. The median forecasts in Bloomberg News surveys of economists were for growth of 9.4 percent and inflation of 5.2 percent... "There is little economic moderation despite aggressive monetary tightening," said Liu Li-Gang, an ANZ economist in Hong Kong who formerly worked for the World Bank. "Inflation remains a top risk." ''