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US Hormuz blockade, tariffs jolt China
Business

US Hormuz blockade, tariffs jolt China

China has urged the United States and Iran to return to the negotiating table after Washington launched an operation to close the Strait of Hormuz on Monday and threatened to impose 50% tariffs on countries providing weapons to Tehran. US President D…

China’s Middle East billions still woefully reliant on US gunboats
Business

China’s Middle East billions still woefully reliant on US gunboats

China has staked roughly US$145 billion in investments and construction contracts across the Middle East, while Iranian oil alone accounts for 13–14% of its imports. Yet Beijing maintains no permanent military presence in the volatile region, with it…

Trump turning China’s yuan into world’s next safe haven
Business

Trump turning China’s yuan into world’s next safe haven

TOKYO — As US President Donald Trump’s tariffs and military adventurism chip away at the dollar’s credibility, the privilege may be all China’s. The reference here is to the phrase coined by France’s finance minister in the 1960s, Valery Giscard d&#8…

China imports US oil for Asian fuel markets amid Hormuz crisis
Business

China imports US oil for Asian fuel markets amid Hormuz crisis

China is moving to resume large-scale purchases of United States liquefied natural gas (LNG) and crude oil, as supply disruptions in the Middle East and tightening fuel markets across Asia force Beijing to recalibrate its energy strategy. Some observ…

Iran war is turbocharging China’s Africa pivot
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Iran war is turbocharging China’s Africa pivot

The global geoeconomic volatility wrought by the second Donald Trump US presidency and hostilities in the Middle East make the shift in China’s Africa strategy even more important for China and for Africa. China’s Africa strategy started to shift in…

China Shock 2.0 jolts global economy as Trump does Xi’s work
Business

China Shock 2.0 jolts global economy as Trump does Xi’s work

TOKYO — On top of the tariffs, wars and inflation upending the global economy, US chieftains are grappling with a new question: which tech companies might get “BYD-ed” next? The reference here is to the Chinese electric-vehicle juggernaut…

Hong Kong banks dependent on SWIFT are warned of new US sanctions
Business

Hong Kong banks dependent on SWIFT are warned of new US sanctions

The United States has threatened to impose sanctions on Chinese banks if they are found to be involved in handling money from Iran’s oil trade payments, marking a sharp escalation in efforts to tighten financial pressure on Tehran. The warning came a…

Has China given the first sign it’s ready to export its J-35A fighter jet to Pakistan?
Business

Has China given the first sign it’s ready to export its J-35A fighter jet to Pakistan?

China’s state broadcaster has given a glimpse of the first export variant of the J-35A – the country’s second land-based fifth-generation fighter jet – with Pakistan the most likely recipient, according to reports and analysis. The CCTV clip featured…

China invokes rules to blunt US sanctions on ‘teapot’ refiners
Business

China invokes rules to blunt US sanctions on ‘teapot’ refiners

China has invoked a five-year-old legal instrument for the first time to block the enforcement of United States sanctions on five mainland “teapot” oil refiners, including the newly sanctioned Hengli Petrochemical (Dalian) Refinery, which was accused…

Price wars, tech wars: China’s auto bloodbath rages on
Business

Price wars, tech wars: China’s auto bloodbath rages on

I’m in love with my car Gotta feel for my automobile Get a grip on my boy racer rollbar Such a thrill when your radials squeal – Queen After attending the Auto China 2024 exhibition in Beijing, this writer declared that “industrial blood-sport…

A Tang spring that survived an emperor’s flight
Business

A Tang spring that survived an emperor’s flight

A visitor standing before The Court Lady Guoguo’s Spring Outing does not first see history. They see movement. There is no palace. No riverbank. No flowering tree. No painted spring landscape to tell the eye where it should rest. Across the silk hand…

Orban’s departure shuts China’s back door into the EU
Business

Orban’s departure shuts China’s back door into the EU

The recent electoral defeat of Viktor Orban has drawn widespread attention, with most commentary focused on its implications for Europe and the Russia-Ukraine war. Yet this emphasis overlooks a broader strategic consequence: the potential disruption…