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China posts strong Q1 growth, hearty consumer demand buffers trade worries for now

Reuters  |  BEIJING 

By Elias GlennBEIJING (Reuters) - China's economy grew at a slightly faster-than-expected pace of 6.8 percent in the first quarter, buoyed by strong consumer demand, healthy exports and robust property investment. Resilience in the world's second-largest economy will likely help keep a synchronized global recovery on track for a while longer, even as China faces rising trade tensions with the United States that could impact billions of dollars in business. But economists still expect China will lose some momentum in coming quarters as Beijing forces local governments to scale back ...

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First Published: Tue, April 17 2018. 11:37 IST
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