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China’s Q1 GDP Tops Expectations, March Retail Sales Fall

The exterior of Shanghai's new JC Plaza development, in the downtown shopping district of Nanjing Xi Lu.
The city of Shanghai has been almost completely locked down for almost three weeks, and more economic fallout is expected. (Yang Renkai)

Chinese consumption took a hit last month as Covid-19 curbs began to bite, with retail sales declining for the first time in two years.

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