China's economy grows at 5% in Q1, shrugging off initial impact of Iran war
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China's economy grew 5% in Q1 2026, exceeding expectations despite the Iran war's initial impact. The war has pushed energy prices higher, potentially affecting global demand for Chinese exports.
China's economy expanded 5% in the first quarter of 2026, surpassing expectations and showing resilience to the Iran war's initial impact. The growth rate improved from 4.5% in the previous quarter. The war has driven up energy prices, worsening inflation and impacting global economic growth. The International Monetary Fund has lowered its 2026 growth forecast for China to 4.4%. Chinese leaders had set a growth target of 4.5-5% for the year, the slowest since 1991. The economy may face longer-term challenges, including reduced global demand for Chinese exports.
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