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China’s industrial profits slide as deflation weighs on recovery

China’s industrial sector saw a sharp drop in profits in November, reflecting persistent deflationary pressures and weakening domestic demand that continue to challenge the country’s post-pandemic recovery. Official data showed that profits for major industrial firms fell 13.1% year-on-year for the month, deepening October’s......

China Urges Cooperation With US While Tightening Sanctions on Defense Firms

China’s ruling Communist Party has renewed its appeal for cooperation with the United States, framing the relationship between the two powers as a crucial pillar of global economic and strategic stability even as frictions over security and trade intensify. In a prominent commentary carried by the official People’s Daily under......

Chinese coast guard ships heighten tension near Kinmen islands

Taiwan’s coast guard intercepted three Chinese vessels that crossed into restricted waters near the Kinmen Islands on December 25, in what officials described as a deliberate provocation amid mounting tensions in the Taiwan Strait. The vessels, identified as numbers 14605, 14606, and 14609, entered the restricted zone off Dadan Island......

China targets US defense firms over arms sales to Taiwan

Beijing has imposed sanctions on twenty American defense contractors and ten senior executives in response to Washington’s latest military aid package to Taiwan, intensifying friction between the United States and China over the island’s security and sovereignty. China’s Foreign Ministry said the sanctions include asset......

China dismisses Pentagon report linking border calm to U.S.-India ties

China has rejected a new Pentagon assessment claiming that Beijing is using reduced border tensions with India to hinder the growth of U.S.-India strategic relations, calling the analysis “groundless” and aimed at sustaining American military dominance. At a news briefing in Beijing, Foreign Ministry spokesperson Lin Jian said......

Loaded tanker forced back to Venezuelan waters as US blockade tightens

A fully loaded Panama-flagged oil tanker has returned to Venezuelan waters after the United States intensified its maritime blockade targeting the country’s oil exports. The vessel, initially bound for foreign ports, reversed course following reports that the U.S. Coast Guard intercepted several tankers in the Caribbean, marking a significant......

Yuan strengthens as China advances digital currency expansion

The Chinese yuan exceeded the key threshold of 7 per dollar for the first time since September 2024, signaling renewed confidence in the nation’s currency strategy. The offshore yuan reached 6.9985 against the U.S. dollar on Thursday after the People’s Bank of China (PBOC) set its daily midpoint at 7.0471, marking its strongest......

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