Chinese equities are outperforming global markets amid the Iran war, with
benchmarks down 4.6% since late February versus declines of over 10% in Japan,
South Korea and India. Despite higher oil prices, China’s large energy reserves,
strong renewable capacity and stable yuan have cushioned impacts. Goldman Sachs
has turned more positive on the market, while Anna Wu of VanEck, Joshua Crabb of
Robeco and William Bratton of BNP Paribas say policy stability, improving
positioning and resilience are supporting Chinese stocks. Bonds remain steady
and capital flows stable, though risks from prolonged global stagflation
persist.
