Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
How Iran Oil Spike Worsens China Trade Deficit
Iran's surprise missile attack on US forces sends oil prices surging. China, the world's largest oil importer, faces immediate pressure on its already widening trade deficit, which hit a record -$77.6 billion in May 2026. Lucas and Luna explore how Beijing is responding: from releasing strategic petroleum reserves to accelerating yuan-denominated oil contracts. They also examine why the yuan remains stable at 6.77 per dollar despite the deficit, and what the current account deficit means for China's economic resilience. A focused look at one geopolitical shock's ripple…
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