China Q1 GDP growth seen at 4.8 percent as war risks rise

China's economy likely expanded 4.8% in the first quarter on solid exports. However, economists warn the Iran war could slow full-year growth to 4.6 percent.

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China is expected to report a recovery in economic momentum for the first quarter of 2026, driven largely by resilient export performance. However, a Reuters poll of 50 economists suggests that growth may cool throughout the remainder of the year as geopolitical tensions involving Iran threaten to increase corporate costs and weaken global demand.

An employee works on the production line manufacturing pipe-fitting valves at a factory in Wenzhou, Zhejiang province, China January 14, 2026. REUTERS/Josh Arslan/File Photo
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