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China GDP Grows 4.8% in 1Q; Retail Sales Fall in March
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China's economic growth accelerated in the first quarter. Gross domestic product rose 4.8% in the January-March period from a year earlier, higher than the 4.2% median estimate in a Bloomberg survey of economists. Still, retail sales contracted 3.5% in March from a year ago, and new-home sales fell the most since July. John Liu reports on "Bloomberg Markets: Asia."
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