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CHINA PRESS
MNI (Sydney)

China's first quarter GDP growth may have exceeded an annualized 20% given the rapid growth in investment, consumption and exports, the Shanghai Securities News reported. Retail sales may have jumped 28% y/y, the report said citing Zhu Jianfang, chief economist of CITIC Securities. Fixed-asset investment may ease to 28% from 35% in Jan-Feb, while infrastructure investment is expected to rise, according to Liu Xuezhi of Bank of Communications. The 32.4% jump in exports indicated stronger external demand, the News report said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com