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MNI BRIEF: China Q1 GDP Beats Forecast as Investment Slows

MNI (Singapore)
BEIJING (MNI)

China's economy rebounded by 4.8% y/y in Q1 from 4.0% in the previous quarter, beating the median forecast of 4.3%, according to data by the National Bureau of Statistics on Monday.

Fixed-asset investment slowed to 9.3% y/y. Infrastructure investment rebounded to 8.5%, but property and manufacturing investment both slowed to 0.7% and 15.6%, respectively.

Industrial production slowed to 5.0% in March from 7.5% y/y in the first two months, though beating the forecast of 4.5%.

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