"China's exports have decelerated as the Iran war starts to affect global demand and supply chains, according to Gary Ng, a senior economist for Asia Pacific at French bank Natixis."
"Despite the energy price shock, exports should stay solid in the coming quarters, thanks to strong demand for semiconductors and green technologies, wrote Zichun Huang, a China economist at Capital Economics."
China's exports grew by 2.5% in March, a significant decline from the previous months' 21.8% growth. The slowdown is attributed to uncertainties from the Iran war affecting global demand and supply chains. Imports surged by 27.8%, driven by technology-related exports, particularly semiconductors. Economists predict that while the war may weaken overall demand, it could also boost demand for renewable energy technologies. The late Lunar New Year may have further impacted export figures.
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