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China maintains growth focus while Middle-East upheaval tests global flows

China is making strides in expanding its service sector, with a focus on developing "China Service" brands to boost its global economic influence. The country also experienced a surge in travel and consumption during the Qingming Festival, highlighting the growing domestic economic momentum. Additionally, China is taking significant steps to support the real economy by unveiling new e-commerce guidelines. Meanwhile, there is a tenuous ceasefire in the Middle East conflict, but supply chain disruptions and the energy shock have exposed vulnerabilities in global trade and the petrodollar system.