Responding to a question from a CCTV reporter at a press conference, International Monetary Fund Managing Director Kristalina Georgieva said that although the conflict in the Middle East is having an impact on the global economy, China's economy is still resilient, has huge potential and will have a positive impact on the world.

Georgieva said the conflict in the Middle East is already having a clear impact on the global economy through energy and supply chains. Some economies that are heavily dependent on imports from the Gulf are already experiencing shortages in the supply of oil, gas and related raw materials.

She pointed out that even if the conflict ended immediately, the restoration of supply chains would not happen right away. As a result, the International Monetary Fund has downgraded its global economic growth forecast for 2026 in its latest „World Economic Outlook“ report.

„We have really seen the resilience of the Chinese economy, which has huge potential. As China shifts its growth model from a predominantly export-led to a domestic consumption-led model and from a goods-led to a services-led model, this will give the Chinese economy a powerful boost. Obviously, given the size of the Chinese economy, its good performance has a positive impact on other parts of the world.“

CMG