BEIJING (Reuters) - China's annual economic growth surged to an 11- year high of 11.9 percent in the second quarter, cementing expectations for tighter policy to keep the world's fastest-growing major economy from overheating.
The figures put China on course to chalk up its straight fifth year of double-digit growth and to overtake Germany as the world's third-biggest economy -- perhaps as soon as this year.
"It's stunning. We should expect them to raise interest rates or reserve requirements at any moment," said Tim Condon, head of Asia research at Dutch bank ING in Singapore.
The spurt in gross domestic product growth from 11.1 percent in the first quarter blew past expectations of a 10.8 percent rise, data from the National Bureau of Statistics showed on Thursday.
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