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Is Chinese growth back on track after 1Q2024 surprise? Not quite

China’s GDP growth for the first quarter has beaten market expectations, showing early signs that the country’s economic recovery may be finding its footing. However, asset managers believe more policy support is needed to sustain the momentum. China’s GDP growth beat market expectations by expanding by 5.3% in 1Q24, data from the National Bureau of Statistics showed on Tuesday. “These…

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