China’s Economic Rebound Amid Darkening Outlook due to Iran War

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China’s economy showed signs of acceleration in the first quarter of 2026 driven by a surge in exports overshadowing weak domestic demand. However, Beijing highlighted a cautious tone citing the “complex and volatile” environment, particularly due to the ramifications of the conflict in Iran escalating energy prices and impacting global demand. The latest figures released by the National Bureau of Statistics revealed that China’s economy expanded by 5% in the first quarter, surpassing analyst expectations and marking an improvement from a three-year low in the previous quarter. Despite the growth, challenges lie ahead as NBS deputy head Mao Shengyong pointed…