China's Q1 GDP slowed to 7.7% on year from 7.9% in Q4 and missed expectations for growth of 8%. Industrial production data for March also disappointed, coming in at +8.9% vs consensus of +10%, although retail sales beat forecasts with an increase of 12.6%. The decelerating GDP growth helped drag down risk markets around the world, including U.S. stock futures, Asian and European shares, and oil.
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