Overview
- China’s top leadership pledged a coordinated plan to handle external shocks as fallout from the US‑Israel war on Iran ripples through the global economy, according to a Xinhua readout.
- The readout said leaders will push new water, power and computing projects and speed up major works that are ready to start.
- Officials said the economy began the year better than expected, with first‑quarter growth at 5 percent.
- Trade data showed shipments grew only 2.5 percent in the latest month, pointing to weaker demand for Chinese goods.
- Analysts quoted in coverage said large oil reserves, heavy coal use and rapid uptake of renewables and electric cars reduce exposure, yet rising fuel and raw‑material costs threaten factory margins and jobs.