Iran War Triggers Energy-Price Shock Slowing China's Economy

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Source: The Jerusalem Post
TL;DR Summary

The Iran war is driving oil and gas prices higher, weighing on China’s economy with weaker consumption, a sharp drop in auto sales (about 26% in the first 19 days of April) and toy-factory shutdowns, while windfall profits in chemicals and energy cushion some sectors; analysts warn China may struggle to meet its 4.5% growth target despite energy reserves and price-shield measures.

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