WRAPUP 3-China Q1 GDP tops forecast, but March weakness sharply raises outlook risks ...Middle East

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WRAPUP 3-China Q1 GDP tops forecast, but March weakness sharply raises outlook risks
China's economy slowed in March as consumption, real estate and exports were hit hard, taking the shine off faster-than-expected first-quarter growth numbers and worsening an outlook already weakened by COVID-19 curbs and the Ukraine war. The biggest near-term challenge for Beijing is the tough new coronavirus rules at a time of heightened geopolitical risks, which have intensified supply and commodity cost pressures, boosting global inflation and forcing Chinese authorities to walk a tight rope as they try to stimulate growth without endangering price stability.

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