China Eastern Airlines announced on Wednesday that it has signed a contract with Airbus to purchase 101 A320NEO aircraft, according to a filing with the Shanghai Stock Exchange. The total list price for the order is approximately $15.8 billion. The aircraft are scheduled to be delivered in batches between 2028 and 2032, the company said. This......
China stated on Wednesday that Mexico's recent trade measures, including significant tariff increases, represent barriers to trade and investment and affirmed its right to adopt countermeasures. The increased import duties affect more than $30 billion in Chinese exports to Mexico. The Chinese Ministry of Commerce estimates potential losses......
China has urged Japan to take firm legal measures against a suspect involved in a break-in at the Chinese Embassy in Tokyo. The incident, which occurred earlier this week, has drawn attention to diplomatic security concerns. According to officials, the individual entered the embassy premises while carrying a knife before being detained and......
The global energy market is facing its most severe disruption in decades, with the International Energy Agency warning that the oil crisis triggered by the Iran conflict now surpasses the scale of the shocks seen in the 1970s. Nearly a month after hostilities began on February 28, the closure of the Strait of Hormuz has sharply curtailed......
Global demand for electric vehicles is rising sharply as oil prices surge following the conflict involving Iran, prompting consumers to reassess fuel costs and accelerate the shift toward electric mobility. Brent crude has recently traded above 112 dollars per barrel, up about 60 percent since hostilities began on February 28. The increase......
China has carried out an extensive underwater mapping campaign across the Pacific, Indian, and Arctic oceans, building detailed knowledge of seabed conditions that analysts say could support future submarine warfare against the United States and its allies, according to a Reuters investigation. The report tracked the movements of 42 Chinese......
China’s leading battery manufacturers have added more than 70 billion dollars in combined market value since the start of military strikes on Iran, as investors shift toward companies expected to benefit from rising oil prices and accelerated electric vehicle adoption. Shares of CATL, BYD, and Eve Energy have outperformed major oil......
Grab Holdings has agreed to acquire foodpanda’s delivery business in Taiwan for $600 million in cash, marking the Singapore-based company’s first expansion outside Southeast Asia. The deal will extend Grab’s footprint to a ninth market, adding operations in 21 Taiwanese cities and access to a business that generated about......
Escalating conflict in the Middle East could reduce economic output across Asia Pacific by up to 3 percent in a prolonged war scenario, according to a new assessment by Moody’s Analytics. The report projects regional growth slowing to 4 percent in 2026 from 4.3 percent in 2025, with further moderation to 3.6 percent in 2027. Major economies......
Taiwan’s opposition leader, Cheng Li-wun, emphasized on Monday that enhancing relations with Beijing does not require being hostile toward the United States. Speaking at the Taiwan Foreign Correspondents’ Club, Cheng highlighted the importance of stable cross-strait relations for Taiwan’s security and survival. Cheng, elected......
A Chinese academic report is calling for Beijing to scale back its massive foreign exchange reserves, including its holdings of US Treasury bonds, arguing that the rising global role of the yuan could replace many functions traditionally supported by large dollar reserves. The report, published by the International Monetary Institute at Renmin......
China has issued a strong warning against further escalation in the Middle East, cautioning that continued military action could trigger a “vicious cycle” of instability across the region. Speaking at a press briefing, Chinese Foreign Ministry spokesperson Lin Jian called on all parties involved in tensions affecting the strategically......
China’s commerce minister, Wang Wentao, held talks with executives from major German companies Volkswagen Group and Bosch to address key issues and opportunities in economic relations between China and the European Union. The meeting took place in Beijing on Sunday, as part of ongoing efforts to strengthen cooperation while managing......
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