Beijing has so far managed to contain fallout from the Iran war – but policymakers are still moving to reinforce resilience
“The evolution of the international situation is profoundly affecting China as we enter a period where strategic opportunities coexist with risks and uncertainties,” Zheng wrote in an article published on Monday in Communist Party mouthpiece the People’s Daily.
Geopolitical conflicts were becoming more frequent and easier to ignite, he said, adding that hegemonic ambitions and power politics were on the rise.
“Resource-rich countries are tightening their mining policies, competition for energy and key minerals is rife and disruptions to shipping via the Strait of Hormuz further expose how fragile global industrial and supply chains are,” he said.
Economic resilience has been bolstered by the country’s proactive oil stockpiling before the war, which has so far helped cushion the blow to businesses and livelihoods. But policymakers remain wary of potential spillover.
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Source: News - South China Morning Post
