STEVE INSKEEP, host: NPR's business news starts with China's economy.</s>STEVE INSKEEP, host: China is reporting unexpectedly strong growth in the first quarter. Beijing says its economy grew at an annual rate of nearly 12 percent. That's the fastest growth since 2007, and it's another indication of how well China is recovering from the global recession. But the numbers is also stoking fears that China's economy might be overheating and a strong economic growth could also add pressure on Beijing to revalue its currency, which would affect the value of Chinese exports to the United States, as well as American exports to China.
Beijing says its economy grew at an annual rate of nearly 12 percent. It's the fastest growth since 2007, and another indication of how well China is recovering from the global recession. The strong economic growth could also add pressure on Beijing to revalue its currency so exports become more expensive.