China's economy grows 5% in Q1 despite Iran war headwinds | East Asia Tonight (Apr 16)

China's economy beats expectations to grow 5% in the first quarter of 2026, driven by resilient exports and strong industrial output. Also on East Asia Tonight: US warns countries buying Iranian oil could face sanctions as blockade in Strait of Hormuz enters its third day. Meanwhile, Pakistan says Washington and Tehran have expressed willingness to return to negotiations, but no date or venue has been set yet. 00:00 Headlines 01:40 China's economy off to stronger-than-expected start in 2026 05:12 US threatens sanctions for Iranian oil buyers 12:20 South Korea President Lee Jae Myung to visit India, Vietnam 19:05 Global equities hit record high over optimism on US-Iran peace talks 41:41 Australia plans defence spending hike amid rising geopolitical tensions 47:34 South Korea sees record tourist arrivals 48:41 A different side of Korean alcohol in Singapore