China Planner Warns Middle East Crisis Exposes Deep Economic Risks

Peng Shaozong, Deputy Director of the Department of Price at the National Development and Reform Commission (NDRC), China’s top macroeconomic planning body. Source: NDRC official website

A newly translated policy paper by Peng Shaozong, a senior official at the National Development and Reform Commission (NDRC), China’s top macroeconomic planning agency, offers a look at how Beijing is thinking about the fallout from the Middle East conflict. The paper was posted on the China analyst Tuvia Gering’s Substack.

Rather than treating the crisis as a geopolitical opening, Peng frames it as a serious economic vulnerability for China, especially because of its heavy dependence on imported energy and industrial inputs moving through the Strait of Hormuz.

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by CGSP Staff

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