International capital flowing to China as investors seek certainty during Iranian conflict
Conflict in the Middle East and growing global turbulence following US-Israeli strikes against Iran has seen foreign investors look to China
“Capital needs expectations,” he said. “If people don’t know when the [Iran] war will end and uncertainty continues to mount, while China becomes increasingly certain, capital will naturally flow in.”
Pointing to the recent visits to China of European leaders, Zheng described them as significantly symbolic, adding that China must “maintain strategic composure in the face of profound changes”.
He also called on China and the United States – which he called “de facto G2” – to deepen dialogue, not only regarding bilateral relations but also on broader global affairs.
03:29
US-Israel war on Iran is as reckless and catastrophic as it is stupid and illegal
Pan Gongsheng, governor of the People’s Bank of China, told the forum that the country will steadily promote the “high-level opening up” of its financial sector, deepening the interconnectivity of financial markets and cross-border payment systems to smooth the path for global capital.