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China Q1 GDP Seen At 4-5% Amid Outbreaks: News

CHINA PRESS
MNI (Singapore)

China’s Q1 GDP may come in at 4-5% amid the impact of Covid-19 outbreaks, the Shanghai Securities News reported citing analysts. Industrial production slowed significantly as the manufacturing PMI contracted to 49.5 while in many places factories were shut, the newspaper said citing Lian Ping, head of Zhixin Investment Research Institute. Infrastructure investment though maintained a rapid growth, supporting an overall 10% growth in fixed-asset investment, said Lian. Consumption even affected by the epidemic can still maintain a positive growth of around 2.0%, Lian added.

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