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April 17 (Reuters) – European shares dipped on Wednesday after hitting eight-month highs in the previous session, as analysts said it was too early to call a recovery in China despite the world’s second largest economy’s better-than-expected first-quarter GDP growth.
The pan-European STOXX 600 index was down 0.1 percent by 0726 GMT after five straight days of gains. Among country indexes, Italy’s posted a modest rise.
China’s economy grew 6.4 percent in the first quarter from a year earlier, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement.
Analysts said it was too early to call a sustainable turnaround there, and further