economy

China GDP: Economy shakes off Covid legacy to grow 4.5% in Q1

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China GDP: Economy shakes off Covid legacy to grow 4.5% in Q1

Hong Kong CNN  —  China’s economy got off to a solid start in 2023, as consumers went on a spending spree after three years of strict pandemic restrictions ended. Gross domestic product grew by 4.5% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the … Read more

The US economy could depend on McCarthy corralling his extremist Republican troops

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The US economy could depend on McCarthy corralling his extremist Republican troops

CNN  —  Millions of Americans could face massive consequences unless Speaker Kevin McCarthy can navigate out of a debt trap he has set for President Joe Biden that is instead threatening to capture his House Republicans. The California Republican traveled to Wall Street on Monday to deliver a fresh warning that the House GOP majority … Read more