GDP Up 10.6 Per Cent, Inflation At 8 Per Cent China's GDP rose by 10.6 per cent in the first three months of 2008, according to official figures. Meanwhile, consumer prices climbed 8.3 per cent in March, taking inflation to an average of eight per cent in the first quarter. The Chinese economy has been hit by rising prices for food, electricity and oil for several months, and some analysts question the validity of the new CPI figure.
Six Flags and Gulf Finance House to Develop China Theme Parks U.S.-based Six Flags, the world's largest regional theme park company, is teaming up with the Bahrain-based Gulf Finance House to develop theme parks in China. The Islamic investment bank announced that it as signed a one-year exclusivity agreement with Six Flags to focus on new theme parks in China. The companies may also develop an unspecified Six Flags themed luxury resort.
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