"China can likely weather short term disruptions, but a protracted war and higher for longer energy prices would likely start to bite into growth by the second half of the year."
"The International Monetary Fund this week trimmed its economic growth estimates for China to a 4.4% expansion for 2026 as it lowered its global growth forecasts over Iran war shocks."
"Industrial output in China rose 5.7% in March year-on-year, better than market expectations, as global demand for Chinese exports of electronic equipment, autos, semiconductors and robotics remained strong."
"Retail sales were up 1.7% from a year earlier, worse-than-estimates and slower than the 2.8% growth in January and February, reflecting sluggish domestic demand for consumer goods."
China's economy expanded by 5% in the first quarter of 2023, surpassing expectations despite the ongoing Iran war. Quarter-on-quarter growth reached 1.3%, marking the fastest pace in a year. While short-term impacts from the war are manageable, longer-term effects on global demand for Chinese exports may arise. The International Monetary Fund revised its growth forecast for China to 4.4% for 2026. Industrial output rose by 5.7% in March, but retail sales increased only 1.7%, indicating sluggish domestic demand amid a real estate sector slump.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]