Industry News

Beijing, April 27th (Xinhua) -- The China Financial 40 Forum (CF40) held a press conference on the first quarter of 2026 macro policy report in Beijing on April 27th. The report points out that although the energy supply problems caused by the US Israel Iran conflict may have a certain negative impact on the world, the impact on the Chinese economy is controllable.

 

The above report states that the negative impact of the US Israel Iran conflict is mainly reflected in the following aspects: firstly, the import costs of energy and raw materials have significantly increased, which are transmitted along the industrial chain to the upstream and downstream of the manufacturing industry; Secondly, the risk of global stagflation is increasing, and external demand is slowing down, which poses a certain drag on China's exports; Thirdly, the risk aversion sentiment in the financial market disrupts the investment willingness of enterprises and the consumer confidence of the public.

 

According to the first quarter economic data, the report concludes that Chinese export enterprises have demonstrated strong adaptability, thanks to the resilience of the Chinese economy and the depth of the industrial chain. In addition, with the expansion of solar energy installed capacity, the increase in penetration rate of new energy vehicles, and the flexible replenishment of coal production capacity, the Chinese economy has a certain degree of "immunity" to the impact of oil prices.

 

We judge that the impact of the US Israel Iran conflict on the Chinese economy is generally controllable, "said Zhang Bin, a senior researcher at CF40 and deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences. Compared with developed countries, China's inflation level is relatively low, and there is more room for countercyclical policies to counteract the negative impact of oil prices. (End)

 

(Editor in charge: Feng Hu)