China's economy grows 5% in 1st quarter amid Iran war impact
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Chinese GDP growth stronger than expected, fueled by state infrastructure spending
The Chinese GDP growth appears in large part to be fueled by government spending on infrastructure as its domestic economy remains plagued by low consumer spending.
China's GDP came in at 5.0% year-on-year in the first quarter, beating the market and our expectations for a more modest start to the year. Read more here.
China's export growth slowed in March as manufacturers grappled with surging energy costs, with the Iran war disrupting supplies, while imports jumped more than expected.