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Chinese economic growth exceeds forecasts
The first quarter saw the fastest recovery pace in a year as consumer spending surged, official data shows China’s economy saw higher than expected growth of 4.5% in the first quarter of 2023, official data released on Tuesday showed. After three years of severe Covid-related restrictions, consumers went on a spending spree, while exports, infrastructure investment, and a rebound in property prices drove the recovery. The expansion exceeded analysts’ expectations of a 4% increase for the period.  Last month, retail sales saw a surge of 10.6% from a year earlier, the largest monthly gain since June 2021. In January

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