China’s GDP rises to 5% in March quarter amid Iran-war:Economic growth beats expectations

China’s economy grew by 5% in the first three months of this year, said news daily, PTI, citing Chinese government data. This is better than expected, especially considering the ongoing Iran war and its potential impact on the global economy. The growth is also an increase from the 4.5% seen in the previous quarter. Experts wary of China’s long-term growth aspects The 6-week Iran war has caused energy prices to rise and could lead to higher inflation worldwide. While economists believe China can handle the immediate near term impact of the war, there are concerns about the long-term impact on China’s economic growth as well. One worry is that global demand for Chinese goods might decrease if the war continues. IMF lowered China’s GDP projections The International Monetary Fund (IMF) had earlier slightly lowered its projections for China’s economic growth in 2026 to 4.4%. China’s leaders have set a growth target of 4.5% to 5% for this year – this is the lowest target set by the country since 1991. China’s economy is still growing at a good pace, shrugging off the impact of Iran war, but there are potential risks on the horizon due to the West Asia conflict.