China's Economy Grows Faster Than Expected in Q1 2026 Despite Iran War Impact
China's economy expanded by 5% year-on-year in the first quarter of 2026, surpassing economists' forecasts despite ongoing global disruptions linked to the US-Israel war with Iran.Official data released on April 16 showed GDP growth exceeded the anticipated 4.8% figure.This marks the first official GDP release since Beijing lowered its annual growth target to between 4.5% and 5% in March, the lowest since 1991.The growth rebound from the previous quarter's 4.5% was primarily driven by manufacturing, with exports such as cars identified as a significant positive factor.However, the economy continues to face challenges, including a decline in property investment.The timing of... [Continue Reading]
360LiveNews | 16 Apr 2026 06:42 LONDON
