BREST, Belarus – In a move that is sure to heighten tensions in Eastern Europe, China and Belarus began joint military exercises codenamed “Eagle Assault” on Monday, just kilometers from the border with NATO member Poland. The 11-day drills, announced by the Belarusian defense ministry, will focus on “counter-terrorism missions” and “hostage rescue operations.” However, […]
CNN — London/Berlin Germany Blocks Volkswagen Subsidiary Sale to China on National Security Grounds Germany has halted the sale of a Volkswagen subsidiary to China, citing national security concerns, further straining the relationship with its largest trading partner. In June 2023, MAN Energy Solutions, a part of the Volkswagen Group, announced plans to sell its […]
China’s trade tensions with the European Union escalated on Friday as Beijing announced a hearing for its anti-dumping investigation into European brandy imports. The Ministry of Commerce will hold the hearing on July 18th to examine claims that European producers are selling brandy at unfairly low prices in China, potentially harming domestic liquor businesses. This […]
China has anchored one of its “monster” coast guard ships within the Philippines’ exclusive economic zone (EEZ), a move described by a Philippine official as an act of “intimidation” in the ongoing territorial conflict between Beijing and Manila in the South China Sea. Philippine Coast Guard spokesperson Jay Tarriela reported that the China Coast Guard […]
For the first time, Tesla cars have been included on a Chinese government purchase list, according to state-owned media outlet Paper.cn. Tesla is the only foreign-owned electric vehicle (EV) brand featured on the purchase catalog released by Jiangsu province in eastern China. Other brands on the list include Volvo, owned by China’s Geely, and state-owned […]
Tensions Rise as Chinese Coast Guard Detains Taiwanese Fishing Boat near Kinmen Islands In a recent escalation of regional tensions, the Chinese coast guard detained a Taiwanese fishing vessel, the Tachinman 88, in waters near the Kinmen islands on Tuesday night. Taiwan’s coast guard reported that the boat was intercepted by two Chinese coast guard […]
Xi Jinping Urges SCO Unity Against External Interference at Summit Shanghai Cooperation Organization (SCO) Leaders’ Summit in Kazakhstan Highlights China’s Call for Unity At the annual summit of the Shanghai Cooperation Organization (SCO) held in Kazakhstan, Chinese leader Xi Jinping emphasized the importance of resisting external interference and maintaining regional peace and development. The SCO, […]
The Chinese coast guard detained a Taiwanese fishing vessel off China’s southeast coast on Tuesday night, marking the latest escalation in tensions surrounding a group of frontline islands controlled by Taipei. Taiwan’s coast guard reported that the fishing boat, Tachinman 88, was intercepted by two Chinese coast guard vessels near the Kinmen islands, located just […]
A Eurasian club of countries led by China and Russia is poised to expand again this week, adding Belarus, a staunch ally of Russia that has openly supported Moscow’s war on Ukraine. This move further advances the leaders’ vision of an alternative world order. The expected admission of Belarus to the Shanghai Cooperation Organization (SCO) […]
Goldman Sachs analysts noted a growing divergence between the Caixin and official Purchasing Managers’ Indexes (PMIs) since May, attributing the difference to the sectors each index covers. The Caixin PMI focuses on export-oriented and consumer-related companies, whereas the official PMI includes manufacturers producing industrial materials such as steel, cement, and chemicals, which are more susceptible […]
