Zhu Min: The global economic risk structure changes, entering a period of geopolitical pricing.

【Caixin】 “The world has officially entered a period of geopolitical pricing. In the past, people mainly discussed risk within an economic framework, and the core analytical variables were usually traditional indicators such as interest rates, inflation, employment, and fiscal policy. But today, the dominant forces determining asset prices, trade flows, and cross-border investment are no longer simply an economic model, but a profound shift in the geopolitical landscape itself.” On June 24, 2026, Zhu Min, former Deputy Managing Director of the International Monetary Fund, said at the 2026 Summer Davos Caixin Dinner.

Since the World Economic Forum (WEF) first released it in 2006, it has published a Global Risks Report every year. The Global Risks Report 2026 notes that the top risks for the next two years are geo-economic confrontation, misinformation and disinformation, social polarization, extreme weather events, and armed conflict between countries; and the top risks for the next 10 years are extreme weather events, biodiversity loss and ecosystem collapse, major changes in Earth systems, misinformation and disinformation, and the negative impacts of artificial intelligence technology.