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China GDP Growth Tops Expectations

China's economy grew more than expected in the first quarter but the war in the Middle East darkens prospects due to supply side shocks and its heavy reliance on energy imports.

Gross domestic product expanded 5.0 percent on a yearly basis in the first quarter, the National Bureau of Statistics reported Thursday. The annual growth exceeded the prior quarter's 4.5 percent expansion and also economists' forecast of 4.8 percent.

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by Renju Jaya

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