Rich Nuzum stated China has decoupled from the world economy, focuses on domestic consumption, and has less downside risk due to its discounted market and low correlation. In a stagflationary shock from the Iran war, China's insulation from global ripples and prior underperformance offer relative safety and diversification benefits. China presents a watch-worthy haven with reduced downside exposure amid global uncertainty. If the Iran war ends quickly, the safe-haven trade could unwind as investors rotate back to riskier assets.