China’s exports grew 2.5% in March in a sharp slowdown as Iran war raises uncertainty
Imports jumped 27.8% as higher energy and commodity costs lifted China’s trade surplus to $51.1 billion, customs data showed.
- China's export growth slowed to 2.5% in March, the weakest pace in six months, while imports surged 27.8%, marking the strongest growth since November 2021.
- Global uncertainties from the Iran war, including "fierce fluctuation" in oil prices, created a "complex and severe" trade environment, China's customs vice minister Wang Jun said. Rising energy costs are pressuring manufacturers' input margins.
- President Donald Trump's elevated tariffs and ongoing tensions between Washington and Beijing have strained shipments to America, prompting China to redirect exports toward Europe, Southeast Asia, and Latin America.
- Factory-Gate prices rose 0.5% in March, climbing for the first time in more than three years, as China prepares to report first-quarter gross domestic product on Thursday.
- Economists led by Helen Qiao wrote that risks will "arise from a persistent global slowdown in overall demand if the conflict lasts longer than currently expected." Analysts anticipate exports will remain critical for maintaining economic expansion this year.
86 Articles
86 Articles
Iran war putting China's economy in a tight spot
TOKYO – Amid all the smoke surrounding a Chinese slowdown, economists are getting a view of some serious fire this week. Case in point: exports grew just 2.5% year-on-year in March, a rate markedly below the previous few months. It’s the clearest indication that fallout from the Iran war, and its impact on energy prices […] The post Iran war putting China’s economy in a tight spot appeared first on Asia Times.
China's exports slow amid surging costs brought on by Iran war
China's exports grew only 2.5% in March from a year earlier, a significantly slowdown caused by the war in Iran. The closure of the Strait of Hormuz has pushed up the cost of materials, and many Chinese factories saw their profits squeezed last month. Also in this edition: hundreds of Hollywood stars have come out in opposition to the acquisition of Warner Brothers Discovery by Paramount. Plus, the man accused of throwing a Molotov cocktail at t…
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