Treasury Secretary Scott Bessent said the department threatened secondary sanctions on two Chinese banks.

The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.

The January-March data released by the government was better than what economists expected and was up from the 4.5% growth seen in the October-December quarter.

US intelligence indicates that China is preparing to deliver new air defense systems to Iran within the next few weeks, according to three people familiar with recent intelligence assessments.

Despite the economic risks from the war, Beijing will likely stick to a hands-off approach. It is wary of being entangled in a conflict it opposed and has little sway over.

HONG KONG — China has been a quiet — if crucial — player in the Iran war, as U.S. military action upends the global economy

Strong exports of electrical and mechanical products supercharged China’s economy in the first three months of the year, with growth exceeding analysts’ expectations even as the Iran war upended global trade and energy markets.

The war in Iran — and President Trump’s shifting tactics in fighting it — are roiling relations with China, just weeks before the president is to make a high-stakes trip there. The complicated dynamics have a straightforward core.

The Asian superpower has managed to stave off the initial impacts of the war in Iran, according to data released on Thursday

China has denied claims this month by U.S. intelligence that it might have shipped arms to Iran. In recent years, China has supported Iran with dual-use parts.

By Ellen Zhang, Xihao Jiang and David Kirton GUANGZHOU, China, April 17 (Reuters) - Shao Haixia's plastics factory in China has seen raw material costs jump 20% since the Iran war started and has not been able to fully pass those extra costs onto its foreign customers.