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China’s Economy Starts to Show Cracks From Iran War
business

China’s Economy Starts to Show Cracks From Iran War

1 min read

China’s strategic reserves of oil and natural gas have insulated it somewhat, but its manufacturing-based economy is beginning to falter.

Rising oil and natural gas prices from the war in Iran are beginning to weigh on the Chinese economy, further slowing already anemic consumer spending and hurting critical export sectors. Car sales fell in March and plunged further in April. Restaura... [1424 chars]

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Source: The New York Times

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