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04.05.26 - 05:51
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In "Watershed Moment" China Orders Companies To Defy US Sanctions (ZeroHedge)
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In "Watershed Moment" China Orders Companies To Defy US Sanctions
China ordered companies in the country not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign laws it deemed unjustified.
Refiners - including Hengli Petrochemical (Dalian) Refinery which was sanctioned last month and several other privately-owned processors - had been facing asset freezes and transaction bans. Hengli was the most ambitious target to date in China's refining sector, and underscores US eagerness to push Iran to the negotiating table at all costs, even just weeks before an expected and long-awaited meeting between Trump and his counterpart Xi Jinping.
The sanctions on Hengli Petrochemical triggered a $1.4 billion wipeout in the fortunes of Fan Hongwei and her husband Chen Jianhua, who together built Hengli Group into one of China's biggest en...
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04.05.26 - 03:00
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China Tries To Assert Dominance Over Canada After Carney Trade Deal (ZeroHedge)
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China Tries To Assert Dominance Over Canada After Carney Trade Deal
Historically speaking, crawling to communists for help has never been a good idea; there's always a catch. By extension, making trade deals with China and the CCP from a position of weakness usually ends with diplomatic concessions instead of mere economic concessions. That is to say, the Chinese are less interested in economic benefits, and more interested in political submission.
Canadians are about to speed run this lesson after Prime Minister Mark Carney's "new strategic partnership" formed with China early this year. The announcement has been heralded as a pragmatic reset in Canada-China relations after years of tensions, aimed at diversifying Canada's trade amid U.S. tariffs under Trump. The goals of the deal include increased bilateral trade, agricultural agreements, currency swaps and energy exports.
The problem is, Carney also wants Canada to maintain its relationship with Taiwan, which th...
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04.05.26 - 03:00
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Kazakhstan′s AIFC discussing stock-trading links with Shanghai, Hong Kong (SCMP)
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The Astana International Financial Centre (AIFC), a special economic zone in the Kazakhstan capital, is in discussions with Hong Kong and Shanghai's equity exchanges about the creation of stock connection schemes, most likely starting with exchange-traded funds (ETFs), to widen investors' access to each other's markets.
According to AIFC's governor Renat Bekturov, Kazakh investors' interest in Chinese companies, from hi-tech behemoths to carmakers, was growing, inspiring organisations in both......
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04.05.26 - 01:00
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Who could gain from DeepSeek′s V4 with China chips poised for stronger demand? (SCMP)
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DeepSeek's launch of its latest artificial intelligence model could likely trigger a broad reassessment of stocks across the industry chain from chipmakers to large language model developers, analysts say, with the breakthrough poised to drive demand for computing power and more commercial adoption.
The unveiling of the V4 series marked another milestone for the Hangzhou-based start-up, which described the model as the most powerful open-source platform capable of challenging US rivals such as......
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03.05.26 - 19:00
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The Guardian view on China′s carrots and sticks: Trump should not soften on Taiwan when he visits Beijing | Editorial (The Guardian)
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Xi Jinping hopes that the president may water down US support for a vibrant democracy. Defending the status quo would be better for America tooChina senses opportunity when Donald Trump visits later this month. A nakedly transactional US president in need of a trade deal, and hoping that Beijing could lean on Iran, might shift on Taiwan in return. China's foreign minister, Wang Yi, linked the issue explicitly to broader bilateral cooperation in his call with Marco Rubio, the US secretary of state, on Thursday. Beijing would be delighted to see Mr Trump soften the US position, and perhaps pull back on arms sales after a mammoth $11bn package was announced late last year.Taiwan has been self-governed since the end of China's civil war in 1949, so never ruled by China's Communist party. Xi Jinping has made unification central to his legacy. Three years ago, US intelligence assessed that he had told the People's Liberation Army to be ready for an invasion by 2027. But Beijing would surely prefer to achiev...
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03.05.26 - 14:30
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From footwear to AI services: China moves up the value chain in exports (SCMP)
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For decades, the global image of Chinese trade was synonymous with massive container ships loaded with footwear, bags and furniture. However, a profound structural shift is under way.
Having conquered the world of physical goods, China is now rapidly ascending the industrial chain as an emerging exporter of manufacturing technology.
In 2025, the country's exports of telecoms, computer and information services reached 808 billion yuan (US$118 billion), marking a robust 13 per cent year-on-year......
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03.05.26 - 14:30
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World may find itself ′in a very Chinese time′ of data governance (SCMP)
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At the end of March, China inaugurated the World Data Organisation in Beijing, a body with a stated mission of “bridging the data divide, unlocking data's value and powering the digital economy”.
The move is the latest signal of a broader trend: over the past several years, Beijing has developed a distinct data governance strategy to drive artificial intelligence (AI) development as it reshapes the terms of technological competition.
Since late 2025, Beijing has pursued an aggressive AI adoption......
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