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

HONG KONG (AP) — China’s economy in the first quarter beat expectations while receiving a boost from policies and an increase in demand, the government said Tuesday. The world’s second-largest economy expanded at a 5. 3% annual pace in January-March, beating analysts’ forecasts of about 4. 8%, official data show. Compared to the previous quarter, growth was up 1. 6%. China’s economy has struggled to bounce back from the COVID-19 pandemic, with a slowdown in demand and a property on a...

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