On March 6, 2026, China's top economic officials addressed the risks posed by the ongoing conflict in Iran during a press briefing in Beijing, emphasizing their preparedness for near-term volatility in global trade and energy markets [1]. Finance Minister Lan Fo'an stated that China's policy toolkit is sufficient to manage the 'profound' changes occurring both domestically and internationally, highlighting the significant risks to China's economic outlook stemming from the Iran conflict [1]. Lan stressed the importance of maintaining a prudent and balanced approach to trade to ensure healthy external accounts [1].
Zheng Shanjie, Chairman of the National Development and Reform Commission, pointed to China's record $1.2 trillion trade surplus achieved last year as evidence of the resilience of the export sector, but acknowledged the need for greater diversification and balance in trading relationships [1]. Commerce Minister Wang Wentao discussed the impact of geopolitical tensions on global supply chains, particularly for energy and technology imports, and reaffirmed the government's commitment to safeguarding the stability of China's import and export activities amid ongoing risks [1]. Wang noted efforts to prevent supply disruptions and protect Chinese companies from developments in the Middle East [1].
The briefing was also attended by China Securities Regulatory Commission Chairman Wu Qing and People's Bank of China Governor Pan Gongsheng, who highlighted the government's vigilance in monitoring capital flows and financial market stability in response to recent events [1]. Officials reiterated their commitment to achieving a balanced trade pattern, focusing on expanding import channels and maintaining robust export growth, with policies designed to counteract external shocks and support sustainable development over the medium term [1].
CONCLUSION
Chinese economic officials have flagged significant risks from the Iran conflict, but expressed confidence in their ability to manage volatility and maintain trade stability. The government's focus on balanced trade and supply chain resilience suggests a cautious but proactive approach to external shocks. Market sentiment is slightly cautious, with medium impact expected due to ongoing geopolitical uncertainties.