China Warns of Imported Inflation Risk as Oil Prices Increase

Liquid natural gas tankers at a loading station at Yangkou port, in Rudong, China. — Liquid natural gas tankers at a loading station at Yangkou port, in Rudong, China.
Source: AFP/Getty Images

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May 11, 2026 at 1:06 PM UTC

China’s central bank warned of imported inflation risks from higher oil and commodity prices driven by the conflict in the Middle East.

“The impact of imported inflation on the economy needs monitoring,” the People’s Bank of China said in its quarterly monetary policy report released Monday.