China's export growth slows

The sharp slowdown from the 40% growth seen in February reflects the widening impact of Middle East tensions on international trade.

While exports stumbled, Chinese imports surged by 27.8%, driven largely by the soaring cost of energy and raw materials.

Manufacturers in China are grappling with increased transport costs and logistical hurdles in the Strait of Hormuz, a critical route for their energy imports.

Economists warn that if the conflict persists, it could lead to a significant contraction in China's trade surplus and further dampen its industrial recovery.