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Mohamed A. El-Erian: China crude oil imports fall helped stabilize global economy
Mohamed A. El-Erian, president at Queens' College, University of Cambridge, highlights that a sharp decline in China’s crude oil imports during the Iran war has played a key role in limiting oil prices and supporting the global economy.
He shares a Wall Street Journal observation that these lower imports have contributed to keeping the global economic environment stable.
El-Erian has previously examined shifts in major reserve assets, noting that the share of gold in global official reserves reached 27% at the end of 2025. He also raised concerns about U.S. fiscal conditions, referencing John Plender's warning on the increasing rollover risk as U.S. public debt approaches record highs. These observations reflect ongoing attention to global financial stability and asset allocation.
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