Moody's Ratings recently affirmed China's sovereign rating at A1 and raised its outlook to "stable” from "negative,” citing the economy's resilience to trade and geopolitical pressures, while official Chinese data indicated GDP growth of 5% in the first quarter and a 15.8% increase in industrial profits in March, according to the agency's notes and data published by China's National Bureau of Statistics. At first glance, however, the war launched by the United States and Israel against Iran at