China Grows 5%—But Fears a Trump-Caused Hormuz Shock

China Grows 5%—But Fears a Trump-Caused Hormuz Shock

Ann Arbor (Informed Comment) – Although Asian economies have been the first to feel the cut-off in petroleum from the Strait of Hormuz, China has so far weathered the resultant energy crisis. In fact, China’s economy grew at an annualized rate of 5% in January – March, and industry hummed along even more vigorously in April than it had in March. Ironically, some of the country’s increased economic vigor is from foreign demand for its solar panel…