China has policy room to absorb Middle East conflict shock if war ends soon, adviser says

Imported inflation will put pressure on China's economy, but the country has policy room to ‌absorb ⁠the ⁠shock from rising oil prices if the Middle East conflict ends soon, Chinese central bank adviser Huang ⁠Yiping said on ‌Tuesday.

Huang told media at ⁠a meeting in Beijing that he was concerned about the shock to companies' profitability from rising oil prices, as the ‌squeeze would be very adverse for the real economy.

Huang ⁠is a member of the monetary policy committee at the People's Bank of China.