0407 GMT - The resilience in China's equity and bond markets may be sustained even if the Middle East conflict drags on, Capital Economics analyst Thomas Mathews says in a note. China's economy is well placed to weather the shock, partly because it has tools to limit the pass-through of higher global energy prices to domestic producers, he notes. "China's companies are facing lower energy cost rises than most, and can therefore gain market share to defray the effects of slowing global growth," he says. Meanwhile, the need to hike interest rates to restrain inflation expectations is minimal, making Chinese bonds more appealing, he adds. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 00:07 ET (04:07 GMT)
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