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China's economy grows by a record 18.3% in the first quarter

Apr 16, 2021 - CNN

China just posted its strongest quarterly growth on record as the world's second largest economy continued its robust recovery from the coronavirus pandemic.

GDP growth of 18.3% year-on-year in the first quarter was the strongest since China began keeping records in 1992, and was driven by a surge inretail sales, industrial production and investment in fixed assets.

The big jump reflects the deep slump in activity in early 2020 but it keeps China on track for growth of between 8% and...