Following escalating tensions and military conflict in the Middle East, Iran has indicated that future trade passing through the strategically vital Strait of Hormuz could increasingly be conducted using China’s currency, the yuan, rather than the US dollar. According to regional reports and
Alibaba Group Holding has reorganized its artificial intelligence operations by launching a new business division called the Alibaba Token Hub Business Group. The move places all major AI teams and products under one centralized structure led directly by CEO Eddie Wu Yongming. The
China and Vietnam are preparing to hold their first high level ministerial dialogue under a newly established strategic platform even as tensions linger over disputed territory in the South China Sea. Senior officials from both countries are expected to meet next week as
Italian government officials are preparing to meet with representatives from tyre manufacturer Pirelli and its key investors as tensions grow over the influence of Chinese ownership in the company. The discussions are expected to focus on the role of Sinochem, a Chinese state
Chinese property developer Fantasia Holdings has announced a sweeping plan to restructure nearly $4.7 billion in offshore debt as the company attempts to stabilise its finances following years of turmoil in the country’s real estate sector. The Shenzhen based developer revealed detailed terms
Discussions are underway regarding a potential investment by Mercedes in the Alpine Formula One team as negotiations continue over a minority stake currently held by a group of investors. Alpine executive advisor Flavio Briatore confirmed that talks are taking place with the German
China has formally adopted a new law designed to promote ethnic unity and strengthen national integration across its diverse population. The legislation was approved by the National People’s Congress at the conclusion of the country’s annual policy meetings in Beijing. Lawmakers voted overwhelmingly
China is steadily rebuilding its influence over North Korea through expanding trade links and new border infrastructure projects, signaling a renewed effort by Beijing to draw its isolated neighbor closer after several years of strained relations. The shift comes as global attention returns
China is exploring new ways to strengthen its international image by encouraging tourists, international students and foreign professionals living in the country to share their experiences with global audiences. The idea was highlighted by political adviser Zhang Bo during discussions surrounding China’s annual
A new report from a United States military research institute has suggested that the majority of China’s nuclear warheads may be stored at a single centralized facility in the country’s northwest, potentially creating a strategic vulnerability in the event of a conflict. The
