China's economy grows at 5% in Q1, shrugging off initial impact of Iran war
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China's economy grew by 5% in Q1, surpassing expectations despite the ongoing Iran war's impact. This growth is an increase from 4.5% in the previous quarter. Economists believe China can manage short-term effects, although long-term global demand for exports may decline. The IMF has revised its 2026 growth forecast for China to 4.4%. Chinese leaders aim for a growth target of 4.5% to 5% this year, the slowest since 1991.
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