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Chinese economy grows 8.1% in Q1

China’s economy grew 8.1 per cent in the first quarter from a year earlier, its slowest pace in nearly three years.

With Europe struggling and the US recovery appearing to ebb, signs of strength from China, the world’s second-largest economy, could still help allay fears of a global slowdown.

Concerns had emerged last year that the combination of weakening export demand and a slumping domestic property market would weigh on China.

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