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China vows to counter shocks even as economy withstands war

Summary by Business Times
High oil prices can weigh on consumption globally and hurt Chinese exports, a key growth engine in recent years

2 Articles

Center

Beijing.- The rise in oil and natural gas prices as a result of the Iran war begins in spite of the Chinese economy: it has further slowed the already weak consumer spending and has harmed key exporting sectors. Car sales fell in March and plummeted even further in April. Restaurants and hotels receive fewer customers as households become cautious. In southern China, thousands of toy factory workers protested last week after their companies coll…

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Business Times broke the news on Tuesday, April 28, 2026.
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