The expert assessed the impact of tensions around Iran on China's economy

The aggravation of the situation around Iran and fluctuations in oil prices are becoming a significant external factor for the Chinese economy. Andrey Kogan, the founder of the All-China company and chairman of the Committee for Work with China of the Association of Exporters and Importers, told Izvestia on March 2.

"For Beijing, this is primarily a matter of energy sustainability: the country remains the largest importer of oil, so any increase in the price of raw materials affects the costs of industry, logistics and domestic demand. However, China has long taken such risks into account in its strategy — it is diversifying suppliers, building up strategic reserves and actively investing in alternative energy," the expert noted.

According to him, rising oil prices can temporarily increase inflationary pressures and reduce exporters' margins, especially in energy-intensive industries. At the same time, this situation is stimulating the acceleration of structural restructuring of the economy, including improving energy efficiency, expanding payments in national currencies and strengthening technological autonomy.

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Kogan stressed that Beijing has consistently reduced its dependence on external shocks in recent years through the development of the domestic market and support for high-tech industries. Therefore, short-term fluctuations in commodity markets are not a critical factor for an economy of this scale.

"China has significant financial resources, a guided monetary policy and flexible industrial support tools. Therefore, the impact of the conflict over Iran and rising oil prices is more likely to be a corrective element of the development trajectory than a turning point," Kogan stressed.

The expert believes that in the medium term, the current situation may even strengthen China's strategic course towards energy diversification and technological leadership without changing its fundamental positions in the global economy.

On February 28, the United States and Israel launched a large-scale military operation in Iran. The American leader Donald Trump called her goal "the protection of the American people." Israel and the United States have carried out numerous attacks on military and civilian targets in Iran, including a school in the city of Minab.

In response, Iran launched Operation True Promise 4 and attacked American military bases in the Middle East, as well as Israeli cities. The UAE, Bahrain, Iraq, Oman and other Persian Gulf countries were affected by the Iranian attacks.

On March 1, the US President held a telephone conversation with the leaders of Israel, Bahrain and the United Arab Emirates. It was clarified that the president was informed about the shooting in Texas that occurred on the same day.

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