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China’s onshore foreign exchange buying rose to a record high in March amid global market jitters triggered by the war in the Middle East.
Source
Bloomberg Markets
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Beijing had lowered its growth target this year to a range of 4.5% to 5%, the least ambitious goal on record going back to the early 1990s.
A gauge of smaller shares has jumped over 12% in April.
China processed less crude oil last month, as refiners cut run rates to conserve supplies snarled by war in the Persian Gulf.
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