Official figures also showed the world's second largest economy grew at a faster pace than expected.
China's consumer spending fell and unemployment rose last month as Covid lockdowns confined millions of people to their homes, official figures show.However, overall the country's economy grew at a faster pace than expected in the first three months of this year.
As a whole, China's economy grew at a better-than-expected rate in the first three months of the year. "[China] is likely to feel the full-blown impact from the lockdown," Mr Xie told the BBC. "The impact in April is likely to deepen given the longer-than-expected lockdowns in Shanghai and spillover to other parts of China."
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