China’s economy bounces back from pandemic with record 18.3% growth

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Spectacular first-quarter figures led by factories and retail spending

China’s economy has expanded at its fastest pace on record in the first quarter, in a sharp turnaround from its historic contraction caused by the coronavirus outbreak.

The world’s second largest economy grew by 18.3% between January and March buoyed up by spectacular expansion in sectors such as industrial output and retail.

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