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Economics & Trade

1Q GDP up 9.5%

Helped by strong exports, particularly textiles, China's first quarter GDP grew faster than expected, to RMB3.14trn (US$377.8bn), up 9.5% year-on-year, the same pace registered a year ago, the National Bureau of Statistics reported. Some economists have expressed worry that China's economy is not achieving a soft landing even though Beijing has introduced a host of macro-control measures, including lending limits on banks.

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