{"id":368751,"date":"2026-03-27T22:01:30","date_gmt":"2026-03-27T22:01:30","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/368751\/"},"modified":"2026-03-27T22:01:30","modified_gmt":"2026-03-27T22:01:30","slug":"chinas-economy-big-enough-to-absorb-iran-war-shocks-says-justin-lin","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/368751\/","title":{"rendered":"China\u2019s economy big enough to absorb Iran war shocks, says Justin Lin"},"content":{"rendered":"

China has sufficient capacity to absorb external shocks from the Iran war and meet its annual economic growth target, a prominent economist said, while adding it was also preparing for the possibility that Washington might renege on trade deals.<\/p>\n

Justin Lin Yifu, dean of the Institute of New Structural Economics at Peking University and a former chief economist at the World Bank, said on Thursday that no country could be spared from the economic impacts of the conflict in the Middle East, which has sent global oil prices soaring.<\/p>\n

\u201cIn the worst scenario, it may send the whole global economy into a recession, like the two oil crises in the 1970s,\u201d Lin said on the sidelines of the Boao Forum for Asia<\/a> in southern China\u2019s Hainan province.<\/p>\n

But the magnitude of the negative impact would differ for countries of different sizes, he said.<\/p>\n

China had \u201cenough space to offset, to moderate, the shock from outside and to maintain our development agenda\u201d, Lin said, referring to this year\u2019s economic growth target of 4.5 to 5 per cent, \u201cas long as we can do things well domestically\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"China has sufficient capacity to absorb external shocks from the Iran war and meet its annual economic growth…\n","protected":false},"author":2,"featured_media":368752,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2102,164710,72,114,165850,969,113,123152,61,165851,151033,60,156362,1196,80501,115,1519],"class_list":["post-368751","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-beijing","tag-boao-forum-for-asia","tag-business","tag-china","tag-china-visit","tag-donald-trump","tag-economy","tag-hainan-province","tag-ie","tag-institute-of-new-structural-economics-at-peking-university","tag-iran-war","tag-ireland","tag-justin-lin-yifu","tag-middle-east","tag-trade-deals","tag-united-states","tag-washington"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/368751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=368751"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/368751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/368752"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=368751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=368751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=368751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}