Tag: China
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COSCO Halts Shipments to Israel in Response to Red Sea Attacks, Chinese Diplomats Renew Calls for Ceasefire
China's state-owned shipping giant COSCO will halt all operations in-and-out of Israel in response to the worsening security situation in the Red Seas, according to Israeli news site Globes. Sunday's announcement by the company is a major setback for the ...
Europe-Asia Shipping Costs Surge Due to Houthi Attacks in the Red Sea
The cost of shipping a standard 40-foot container from Asia to northern Europe now costs around $4,000, a whopping 173% increase from just a few weeks ago. Average freight costs from the rest of Europe to/from China have gone up almost ...
3 Reasons Why China Didn’t Join the U.S.-Led Coalition to Counter Houthi Attacks in the Red Sea
There was some dismay/confusion in the U.S. and Europe when China opted not to join the multinational coalition to combat Houthi attacks in the Red Sea. A lot of Western analysts supposed, incorrectly, that it would be in China's economic ...
The BRICS Got Bigger in 2024 But Not as Big As Expected
Five new countries joined the BRICS bloc at the beginning of the year, marking a dramatic expansion for the fourteen-year old group. With the admission on January 1 of Saudi Arabia, UAE, Iran, Ethiopia, and Egypt, the loosely-formed group is now ...
Beijing Leans Into Ties With Myanmar’s Military Government as Ethnic Rebels Capture More Territory Near Chinese Border
Senior Chinese officials wrapped up a series of high-level talks with the leadership in Myanmar over the weekend amid a worsening insurgency that is now spilling over the border into China. Chinese Vice Foreign Minister Sun Weidong concluded a three-day ...
China Cuts Off Vital Lifeline to Argentina, Recalls Ambassador
The younger generation loves to say — with saltier wording — “You mess around and find out.” Argentina’s new president, Javier Milei — who while campaigning used fierce anti-China rhetoric — has apparently messed around and found out.
Australia Refuses to Send Ships to Red Sea
The Australian government has reportedly indicated that it won’t send ships to join the U.S.-led Operation Prosperity Guardian in the Red Sea. The operation is aimed at containing attacks from Yemeni Houthi militias on commercial shipping and to keep sea lanes open. Defence ...
China Hawks in the U.S. Back Albanese’s Decision to Concentrate Force Deployments in Asia
Australia’s decision not to contribute a warship to the U.S.-led patrolling of Red Sea shipping lanes is playing into U.S. political divisions in the run-up to next year’s election. Reaction from the Biden Administration has so far been muted. The Australian ...
Chinese Experts on Red Sea: Not Our Problem
Chinese exporters’ profit margins are suffering as container shipping companies reroute their ships away from the Red Sea. The move to escape strikes by Houthi militias against ships headed for Israel will add to shipping time and costs, driving up shipping quotes for next year.
UN Security Council Vote on Gaza Postponed
The UN Security Council pushed back voting on a resolution calling for a pause in violence in Gaza. The delay comes amid fears of another U.S. veto, even though “cease-fire” doesn’t appear in the UAE-sponsored wording of the proposed resolution.
Don’t Overestimate China’s Influence in the Middle East: Researcher
China’s complex position as a rising diplomatic power and a major oil buyer in the Middle East raises questions about its position as realities in the region shift rapidly. This discussion has both overstated China’s ambitions as wanting to replace the U.S. ...
China Doesn’t Join U.S.-Led Red Sea Force
The United States announced it will coordinate joint patrols with allies to guard commercial ships in the Red Sea as the region comes under repeated attacks from Yemeni Houthi militias. China did not join the coalition, named Operation Prosperity Guardian. It includes the EU, NATO, Japan, and ...