China's export growth sees sharp decline in March amid Iran war

China's export growth slowed sharply in March as Iran war triggered surge in transportation costs hurting global demand. Outbound shipments in the world's second-largest economy grew by just 2.5% in March, a five-month low, compared with 21.8% surge seen in the January-February period, data showed. This has exposed the risks in Beijing's strategy of leaning on manufacturing to sustain growth.