: China posts record growth on-year in Q1 but recovery seen as slowing

Money │ Markets │ Economy The Chinese economy grew by a record 18.3% in the first quarter of the year compared with the same period of 2020, when it had shrunk for the first time in decades due to the COVID-19 pandemic. That was slightly below analysts' expectations of a 19%-plus rebound. The economy recovered on the strength of industrial production (+24.5%) as well as retail sales (+34.5%) and household consumption in general, with services lagging. According to the country's National Bureau of Statistics, output was still 10.3% above its level in the first three months of 2019. The economy…