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Chinese Economy Grows Again - Action Forex

The Chinese economy expanded more than expected in Q1 growing 2.2% q/q vs 2.0% q/q consensus and up from 0.0% q/q in Q4. Consumer spending in particular looks strong. Retail sales rose 10.6% y/y in March. Data confirms that Chinese economy is up and running again after the long period of lockdowns that ended at the beginning of the year, while still growing slower than it did before the crisis.
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