Events in the Middle East mean that China will have to stomach a higher import bill. But China’s economy is not especially dependent on oil and natural gas. And the country has large reserves that it can deploy to dampen the pass-through to domestic consumers. Meanwhile, an environment of higher global energy prices is one in which Chinese exporters will capture even greater market share.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services