🇨🇳 China Outlook — Quick Take (ABN AMRO)
Growth: Slight downgrade → 2026: 4.6%, 2027: 4.5%
Why? Strong start in 2026 (boost from infrastructure & manufacturing), but Iran conflict adds downside risks
Inflation: Higher energy prices → temporary rise in CPI, delaying rate cuts
Key insight: China remains stable, but global tensions = slower momentum ahead
👉 Bottom line: Solid start, but external risks are starting to weigh on growth while pushing inflation up.