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Challenges Emerge in Relations Between New Zealand and China After Live-Fire Exercises

New Zealand's Foreign Minister Winston Peters will discuss strained relations with China after Chinese Navy vessels conducted live-fire exercises in the Tasman Sea, raising concerns about commercial airlines diverting flights due to limited notice. The situation has led to a request for more advance notice on military exercises near busy air routes, particularly by New Zealand. Peters' visit to Beijing is part of a three-day trip aimed at maintaining regular high-level political dialogue with China.

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UK Concerned by Chinese Activity in South China Sea, Says Foreign Minister Δ1.79

Britain is concerned by China's "dangerous and destabilising" activity in the South China Sea, with British Foreign Minister David Lammy stating that the UK and world economy depend on these trade routes being safe and secure. The Philippines is particularly at risk, facing frequent challenges to freedom of navigation and international law. The situation has raised tensions in the region, with the US previously condemning a Chinese navy helicopter's manoeuvres that endangered a Philippine government aircraft.

Britain, Philippines Committed to Rules-Based Order, UK's Lammy Says Δ1.77

British foreign minister David Lammy reaffirmed Britain's commitment to a rules-based international order, highlighting the importance of cooperation with like-minded partners such as the Philippines. Both countries have stood together in supporting Ukraine and advocating for a free and open Indo-Pacific region. The signing of a joint framework agreement enhances collaboration on defence, regional security, and climate action.

China Monitored Philippine Supply Run to Grounded Warship on Disputed Shoal Δ1.75

China monitored a Philippine civilian boat delivering daily provisions to the "illegally grounded" warship at the disputed Second Thomas Shoal on Tuesday, marking a resumption of tensions in the region. The move by China's coast guard signals a lack of progress in the countries' efforts to manage maritime disputes through cooperation and diplomacy. The Philippines has maintained its presence at the shoal, despite calls from China for it to leave.

New Zealand Sacks Ambassador to UK over History Comments Δ1.75

New Zealand's decision to sack its ambassador to the United Kingdom, Phil Goff, follows comments he made questioning US President Donald Trump's grasp of history. The comments were seen as critical of Trump's handling of Russia relations and contrasted with Winston Churchill's wartime leadership against Nazi Germany. The move highlights the tensions between diplomatic protocol and personal opinions in high-level foreign service positions.

China Will Work to Firmly Advance 'Reunification' With Taiwan, Premier Says Δ1.74

Chinese Premier Li Qiang has reiterated China's commitment to "firmly advance" reunification with Taiwan, opposing any external interference while appealing to the Taiwanese people as "fellow Chinese." The language used in this year's report marks a shift from previous statements, dropping the emphasis on "peaceful" reunification, reflecting China's increasing military pressure on the self-governing island. As tensions escalate, China's stance on Taiwan continues to prioritize economic relations, indicating that while reunification remains a key agenda, it may not be the primary focus amid broader geopolitical challenges.

China Tightens Grip on Canada Through Carney's Rise Δ1.74

China will continue to grow bilateral relations with Canada on the basis of mutual respect and equality, the foreign ministry said after Mark Carney won the race to lead Canada's ruling party and become the next prime minister. Carney's victory came just a day after Beijing announced tariffs on over $2.6 billion worth of Canadian agricultural and food products on Saturday, in retaliation against levies Ottawa introduced in October. The move reflects China's growing assertiveness under President Xi Jinping's leadership.

Russia Expels Two UK Diplomats as It Negotiates to Restore US Ties Δ1.74

Russia has expelled two British diplomats, accusing them of espionage and providing false information to enter the country, amid deteriorating diplomatic relations with the UK and ongoing negotiations to restore ties with the US. The UK Foreign Office has dismissed these allegations as baseless, highlighting the strained atmosphere exacerbated by Britain's military support for Ukraine. This incident marks a significant moment in post-Cold War diplomacy as Western diplomats face increasing scrutiny and expulsion from Russia amidst geopolitical tensions.

China's Countermeasures Spark Market Uncertainty. Δ1.73

China has swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products, and placing twenty-five U.S. firms under export and investment restrictions. The move aims to deescalate tensions by limiting the impact on its domestic market, but raises concerns about the potential for a prolonged trade war. As the situation unfolds, market participants are left wondering how long China will resist further escalation.

'Impossible' For US to Give Up Indo-Pacific, Taiwan Defence Minister Says Δ1.73

Taiwan's Defence Minister Wellington Koo has emphasized that the United States cannot abandon the Indo-Pacific region, asserting its significance as a "core national interest." Amid rising military pressure from China, Koo expressed concerns regarding U.S. security commitments to Taiwan, highlighting the necessity for deterrence to maintain regional stability. The relationship between Taiwan and the U.S. remains crucial, as Taiwan relies heavily on American support despite the absence of formal diplomatic ties.

Canada Ready for Talks on USMCA and China Dumping, Minister Says Δ1.73

Canada is poised to engage in early talks with the United States on reviewing the North American free trade pact, with a focus on addressing trade friction and preventing "dumping" by China into the North American market. The country's finance minister, Dominic LeBlanc, expressed readiness to move quickly towards a broader negotiation that sorts out many points of contention between the three nations. Canada is also prepared to work with the White House to hash out further measures to prevent Chinese dumping, following the imposition of tariffs on Chinese electric vehicles, steel, and aluminum last year.

China Maintains Defence Spending Increase at 7.2% Amid Roiling Geopolitical Tensions Δ1.73

China will boost its defence spending by 7.2% this year, maintaining a steady growth rate as Beijing faces headwinds from three years of sluggish economic expansion amid mounting geopolitical challenges from Taiwan to Ukraine. The increase is well above China's economic growth target for this year and reflects Beijing's ambitions for continued military modernisation amid roiling geopolitical challenges. This year's report stresses the importance of combat readiness and scientific and strategic improvements, while also pledging to "continue improving the political conduct of the military".

Philippines Says Acts in National Interest in South China Sea Δ1.73

The Philippines' foreign ministry has asserted its independence and sovereignty in the South China Sea, emphasizing that its actions are driven solely by national interest. Manila's stance is a response to Chinese claims that it is being directed by external forces. The country's transparency initiative aims to shed light on China's actions in the region.

TRADE WAR HEATS UP: China Requests WTO Dispute Settlement Consultations with US on Tariffs Δ1.72

China has submitted a revised request for dispute settlement consultations with the United States to address new U.S. tariffs applied on goods originating in China, according to the World Trade Organization. The Trump administration's latest tariff hike has heightened fears of a renewed trade war between the two largest economies. China's revised request comes after an extra 10% duty on Chinese goods took effect Tuesday, adding to the 10% tariff imposed by U.S. President Donald Trump on February 4.

Russia Seeks Deeper Ties with Myanmar in Trade and Nuclear Energy Δ1.72

The Russian government has announced plans to expand cooperation with Myanmar in various sectors, including agriculture and nuclear energy, despite the ongoing military junta's authoritarian rule. Moscow sees significant potential for increased trade and investment opportunities with the Southeast Asian nation, which has been plagued by instability since a 2021 coup d'état. The Kremlin's efforts to strengthen ties with Myanmar aim to counterbalance China's growing influence in the region.

UK's Starmer Gets Poll Boost as He Steps up Ukraine Diplomacy Δ1.72

The number of Britons who think Prime Minister Keir Starmer is doing a good job has risen as he steps up his role in diplomacy over the war in Ukraine, an opinion poll showed. The recent diplomatic efforts have boosted Starmer's image, but concerns about government spending and debt remain. A majority of respondents also support increasing defence spending, even if it means higher taxes or reduced funding for other public services.

Shipping Firms Pull Back From Hong Kong to Skirt US-China Risks Δ1.72

Companies are quietly moving out of Hong Kong and off its flag registry as concerns over potential sanctions and commandeering of vessels in a military crisis grow among shipping executives, insurers, and lawyers. The U.S. Trade Representative's office has proposed levying steep port fees on Chinese shipping companies operating Chinese-built vessels, further fueling unease across the industry. Beijing's emphasis on Hong Kong's role in serving Chinese security interests is causing concern that ships could be commandeered or hit with U.S. sanctions.

China Imposes New Curbs on U.S. Firms as Trade Row Grows Δ1.71

China has imposed retaliatory tariffs and placed export and investment restrictions on 25 U.S. firms on national security grounds, targeting companies involved in advanced technologies and surveillance systems, amidst growing tensions between the two nations over trade and human rights issues. The move aims to restrict access to sensitive technology and limit U.S. influence in strategic sectors. China's actions reflect a broader effort to assert its sovereignty and protect domestic industries from foreign competition.

Romania Declares Russian Diplomat Persona Non Grata Δ1.71

Romania has declared the Russian military attache and his deputy persona non grata for acts contravening diplomatic rules, a move Russia vowed to respond to. This step reflects escalating tensions between Bucharest and Moscow over the war in Ukraine and allegations of electoral interference. The decision by Romania's foreign ministry is seen as a significant escalation of diplomatic spat between the two nations.

Panama to Request Legal, Financial Documents on CK Hutchison-BlackRock Port Deal Δ1.71

The Panama Maritime Authority will analyze the key transaction between CK Hutchison and a consortium backed by BlackRock to ensure protection of public interest in two ports strategically located near the Panama Canal. The deal has raised concerns about China's influence in the region amid pressure from U.S. President Donald Trump. The Panamanian government aims to safeguard the interests of its citizens amidst the changing ownership landscape.

China's Unwavering Opening-Up Efforts Unlock Global Opportunities Δ1.71

A report from People's Daily highlights China's 2025 action plan to stabilize foreign investment, which outlines 20 policy initiatives across four strategic priorities: phased expansion of autonomous market opening, enhanced investment facilitation, functional upgrades to open-economy platforms, and service system optimization. The move reinforces China's commitment to institutional opening-up, aligning with global investors' calls for predictable regulatory frameworks. Opening up is a fundamental national policy of China, aiming to enrich the path of Chinese modernization by unlocking new frontiers.

China Ramps Up Stimulus to Guard Economy From Changes 'Unseen in a Century' Δ1.71

China has introduced additional fiscal stimulus measures aimed at bolstering consumption and mitigating the adverse effects of an escalating trade war with the United States, with a growth target set at around 5%. Premier Li Qiang highlighted the urgency of addressing the "unseen" global changes and the impact on China's trade, technology, and household demand, emphasizing the need for a shift from an export-driven model to one that prioritizes internal consumption. Despite increased government spending plans, analysts express skepticism about the effectiveness of these measures in generating significant consumer demand.

Canada Foreign Minister Takes Trump 51st State Line 'Very Seriously' Δ1.71

Canada’s Foreign Minister Mélanie Joly has expressed serious concern regarding U.S. President Donald Trump's comments about making Canada the 51st state, emphasizing that the situation is far from humorous. Following the imposition of 25% tariffs on Canadian products, Joly articulated the strong sentiments of Canadians who feel insulted and angry, highlighting the broader implications of such trade tensions. As both nations navigate escalating tariffs, Joly advocates for collaboration with the UK and Europe, framing the tariffs as an "existential threat" to Canada's economy.

Iron Ore Extends Losing Streak on Sino-US Trade Tensions. Δ1.70

Dalian iron ore futures slid for a seventh consecutive session, with prices falling following reports that Chinese steel mills are reducing production to ease pollution levels ahead of the annual National People's Congress (NPC) meeting. The most-traded May iron ore contract on China's DCE closed down 1.14% at 781 yuan ($107.26) a metric ton, amidst ongoing trade tensions with the US. Tariff hikes on Chinese goods and restrictions on US firms are also affecting export outlooks.

China Vows Utmost Efforts for 'Peaceful Reunification' With Taiwan Δ1.70

China will exert utmost efforts to realise "peaceful reunification" with Taiwan, but will take all necessary steps to safeguard China's territorial integrity. Chinese President Xi Jinping has emphasized the importance of reunification, stating that Taiwan is an inalienable part of China. The Chinese government views Taiwanese identity as a threat to its national unity.

Britain, France Refine Ukraine Peace Plan with New Washington Trip in Mind Δ1.70

France and Britain are aiming to finalise a peace plan for Ukraine, possibly "in days", that could be presented to the United States, while building bridges between the U.S. and Ukraine before possible talks in Washington. The two European powers have held several calls with Donald Trump and Volodymyr Zelenskiy since their fractious meeting last Friday in the Oval Office led to a suspension of U.S. military aid to Kyiv. A visit by Macron, Starmer, and Zelenskiy is under consideration, although the French presidency quickly corrected this statement.