Thinking About China
Opinion

Persian Gulf Troubles Creating Economic Problems for China

Though on the surface China’s economy seems to be coping well with the fallout from the contest in the Persian Gulf, cracks have appeared.
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Persian Gulf Troubles Creating Economic Problems for China
A migrant worker crosses a road after arriving on a long-distance bus in Beijing on March 10, 2021. Greg Baker/AFP via Getty Images
Milton Ezrati
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Commentary

China’s impressive oil reserves seem to have buffered much of its economy from the fuel shortages caused by the fighting in the Persian Gulf. The country seems to be weathering the pressures better than other economies in Asia and Europe. Indeed, rising fuel prices have in some cases improved profitability in an economy otherwise suffering deflationary pressures.

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Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”