InternationalNewsAPI
China’s Economy Revs Up Despite War as Growth Tops Forecasts - Bloomberg.com
Overview
China’s economy rebounded more than expected in the first quarter, suggesting the Iran war has had limited spillovers so far. The recovery masks persistent weakness in consumer spending, which shows few signs of turning around. Trade patterns earlier in the quarter — a pre-war export surge followed by a sharp March slowdown and rising imports — indicate disruptions and higher energy costs could still weigh on future growth.
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