China economy beats forecasts, but war darkens outlook

BEIJING, China — China’s economy expanded more than expected in the first three months of the year, with official data Thursday indicating resilience in the face of a Middle East crisis that threatens to hit global growth. The figures came despite a surge in world energy prices caused by the US-Israel war on Iran, which has stymied shipping through the crucial Strait of Hormuz, through which a fifth of the world’s oil and natural gas passes. Analysts say China’s diversified energy supply shields it from immediate shocks, though a potential global downturn caused by the war could weaken demand for its […]... Keep on reading: China economy beats forecasts, but war darkens outlook

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