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Why the Iran war hurts China less than its rivals

The Economist, Economist
5 min read3 Jun 2026, 03:52 PM IST
China's President Xi Jinping
China's President Xi Jinping (AFP)
Summary

But more than it admits

FOR THE better part of a decade China has repeated the same message to foreigners: unlike certain unmentioned countries pushing for unilateralism and protectionism, China is a force for stability and certainty. At times this can be a hard sell. But as the globe lurches from the lunacy of Donald Trump’s tariffs to the fallout from his attacks on Iran, Chinese officials are making their pitch to an audience that needs little persuading—and they know it. Business executives and diplomats who have recently met Chinese leaders report that they seem supremely confident.

FOR THE better part of a decade China has repeated the same message to foreigners: unlike certain unmentioned countries pushing for unilateralism and protectionism, China is a force for stability and certainty. At times this can be a hard sell. But as the globe lurches from the lunacy of Donald Trump’s tariffs to the fallout from his attacks on Iran, Chinese officials are making their pitch to an audience that needs little persuading—and they know it. Business executives and diplomats who have recently met Chinese leaders report that they seem supremely confident.

This has made for extreme claims about the impact of the Iran war on China’s economic standing. In the immediate aftermath of the bombing, some of Mr Trump’s boosters asserted that, along with his toppling of Nicolás Maduro in Venezuela, it was part of a plan to hurt China, by undermining its supposed allies and energy suppliers. The notion that it would be among the biggest losers of the war is glaringly wrong. But that does not mean the opposite—that China will be the big winner, as some now assert—is obviously right.

This has made for extreme claims about the impact of the Iran war on China’s economic standing. In the immediate aftermath of the bombing, some of Mr Trump’s boosters asserted that, along with his toppling of Nicolás Maduro in Venezuela, it was part of a plan to hurt China, by undermining its supposed allies and energy suppliers. The notion that it would be among the biggest losers of the war is glaringly wrong. But that does not mean the opposite—that China will be the big winner, as some now assert—is obviously right.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
HomeGlobalWhy the Iran war hurts China less than its rivals

Why the Iran war hurts China less than its rivals

The Economist, Economist
5 min read3 Jun 2026, 03:52 PM IST
China's President Xi Jinping
China's President Xi Jinping (AFP)
Summary

But more than it admits

FOR THE better part of a decade China has repeated the same message to foreigners: unlike certain unmentioned countries pushing for unilateralism and protectionism, China is a force for stability and certainty. At times this can be a hard sell. But as the globe lurches from the lunacy of Donald Trump’s tariffs to the fallout from his attacks on Iran, Chinese officials are making their pitch to an audience that needs little persuading—and they know it. Business executives and diplomats who have recently met Chinese leaders report that they seem supremely confident.

FOR THE better part of a decade China has repeated the same message to foreigners: unlike certain unmentioned countries pushing for unilateralism and protectionism, China is a force for stability and certainty. At times this can be a hard sell. But as the globe lurches from the lunacy of Donald Trump’s tariffs to the fallout from his attacks on Iran, Chinese officials are making their pitch to an audience that needs little persuading—and they know it. Business executives and diplomats who have recently met Chinese leaders report that they seem supremely confident.

This has made for extreme claims about the impact of the Iran war on China’s economic standing. In the immediate aftermath of the bombing, some of Mr Trump’s boosters asserted that, along with his toppling of Nicolás Maduro in Venezuela, it was part of a plan to hurt China, by undermining its supposed allies and energy suppliers. The notion that it would be among the biggest losers of the war is glaringly wrong. But that does not mean the opposite—that China will be the big winner, as some now assert—is obviously right.

This has made for extreme claims about the impact of the Iran war on China’s economic standing. In the immediate aftermath of the bombing, some of Mr Trump’s boosters asserted that, along with his toppling of Nicolás Maduro in Venezuela, it was part of a plan to hurt China, by undermining its supposed allies and energy suppliers. The notion that it would be among the biggest losers of the war is glaringly wrong. But that does not mean the opposite—that China will be the big winner, as some now assert—is obviously right.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
HomeGlobalWhy the Iran war hurts China less than its rivals
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