China's manufacturing sector struggles amid Iran war impact
Chinese manufacturing workers in Foshan, Guangdong province, are facing increasing hardship as the ongoing US-Israel war with Iran disrupts factory orders and employment opportunities.Workers report desperation and low wages amid a shifting economic landscape.The conflict in the Middle East has begun to affect China's manufacturing sector by putting pressure on factory orders, costs, and jobs.This comes after China had shown resilience despite previous economic challenges, including tariffs imposed by the United States.Workers in southern China describe their situation as bleak, with many earning just 18 to 20 yuan an hour for temporary factory jobs assembling plastic parts or mobile phones.Many... [Continue Reading]
360LiveNews | 22 Apr 2026 23:01 LONDON
UK economy grows faster than expected in February despite looming Iran war impact
The UK economy expanded by 0.5% in February, surpassing expectations, according to official data from the Office for National Statistics (ONS).This growth follows a revised figure for January, which showed a 0.1% increase, up from an initial estimate of no growth.These figures reflect economic activity before the outbreak of the US-Israeli war with Iran on 28 February.The conflict has since triggered a significant energy shock, raising concerns about its potential to disrupt global economic stability.The International Monetary Fund (IMF) has responded by lowering its growth forecast for the UK, identifying it as the most vulnerable among advanced economies to the... [Continue Reading]
360LiveNews | 16 Apr 2026 07:33 LONDON
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
