China says its economy is accelerating despite Iran war turmoil – for now
Hong Kong / Beijing —
Strong exports of electrical and mechanical products supercharged China’s economy in the first three months of the year, with growth exceeding analysts’ expectations even as the Iran war upended global trade and energy markets.
But officials warned of “volatile” external conditions ahead, as the conflict in the Middle East weakens global demand and threatens China’s export reliant economy.
On Thursday, China’s National Bureau of Statistics (NBS) reported a 5.0% increase in Gross Domestic Product from the same period last year. It marked an acceleration from the 4.5% growth reported in the final quarter of last year.
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