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China’s economy grew 5.3% in the first quarter, beating expectations

  • The gross domestic product rose by 5.3% in the first quarter compared to a year ago, as per the National Bureau of Statistics.
  • The 5.3% increase also showed a faster pace compared to the previous quarter's 5.2% growth.
  • This growth exceeded economists' expectations, surpassing the estimated 4.6% from a Reuters poll.
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