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China Says Taiwan Drills 'Routine', As Taipei Details Surge in Military Activity

Taiwan has reported a surge in Chinese military activity, including seven Chinese warships operating in an area designated for "shooting" drills, despite no live-fire exercises. China's defense ministry dismissed the move as "routine" and urged Taiwan to stop complaining, sparking concerns about the stability of the region. The Chinese government has also scheduled its annual parliament meeting next week, which is expected to unveil its defense budget.

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China Will Not Apologize for Military Drills Off Australia's East, Ambassador Says Δ1.83

China's military drills in international waters between Australia and New Zealand complied with international law, according to China's ambassador to Australia. The drills forced at least 49 flights to change their paths, but Ambassador Xiao Qian claimed that his country had no reason to apologize for the actions. The Chinese navy gave advance notice following international practices, according to Xiao.

China Maintains Defence Spending Increase at 7.2% Amid Roiling Geopolitical Tensions Δ1.83

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".

China Will Work to Firmly Advance 'Reunification' With Taiwan, Premier Says Δ1.81

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 Monitored Philippine Supply Run to Grounded Warship on Disputed Shoal Δ1.79

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.

China Vows Utmost Efforts for 'Peaceful Reunification' With Taiwan Δ1.78

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.

Taiwan Turns to Companies in Ukraine for China Contingency Planning Δ1.78

Taiwan is learning from companies in Ukraine that continue to provide critical services during wartime, including Uber and Microsoft, as it speeds up contingency planning amid heightened Chinese threats. The island is taking inspirations from Ukraine's experiences on incorporating supermarkets into the government's supply distribution network and utilizing taxi services for medical emergencies. Taiwan is revamping its air-raid alert and shelter systems, taking into account lessons from northern European countries and Baltic states.

UK Concerned by Chinese Activity in South China Sea, Says Foreign Minister Δ1.77

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.

China Vows to Retaliate as Necessary After Trump Threatens Another 10% Tariff Hike Δ1.76

China's government has issued a strong warning to the US, stating that it will take "all necessary countermeasures" to defend its legitimate rights and interests if the US insists on imposing additional tariffs. The threat comes after US President Donald Trump announced plans to impose an additional 10% duty on Chinese imports, which is set to coincide with China's annual parliamentary meetings. The latest move is seen as a response to the ongoing trade tensions between the two nations.

China's Countermeasures Spark Market Uncertainty. Δ1.76

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 Δ1.76

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.

Taiwan's Leader Faces Crisis of Confidence Amid Economic Slowdown Δ1.76

Taiwan's economy is struggling to regain momentum, with slow growth and a rising national debt casting a shadow over President Lai Ching-te's administration. The government has introduced various measures to stimulate growth, including tax cuts and infrastructure spending, but so far, they have failed to show significant results. As the economic situation continues to deteriorate, the president faces growing criticism from opposition parties and the public.

China Imposes New Curbs on U.S. Firms as Trade Row Grows Δ1.76

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.

China's Manufacturing Activity Rises at Fastest Pace in 3 Months as Us Tariff War Looms Δ1.75

China's manufacturing activity expanded at the fastest pace in three months in February as new orders and higher purchase volumes led to a solid rise in production, an official factory survey showed on Saturday. The reading should reassure officials that fresh stimulus measures launched late last year are helping shore up a patchy recovery in the world's second-largest economy. Whether the upturn can be sustained remains to be seen amid a trade war that was kicked off by U.S. President Donald Trump's first salvo of punitive tariffs.

US Lawmakers Press Chinese Telecoms Over Ties to Military, Government Δ1.75

US lawmakers have raised national security concerns in letters to top Chinese telecom companies, China Mobile, China Telecom, and China Unicom, citing the potential for these firms to exploit access to American data through their U.S. cloud and internet businesses. The lawmakers are seeking details on any links between the companies and the Chinese military and government by March 31, amid concerns about unauthorized data access, espionage, or sabotage. National security experts have warned that China Telecom's operations in the US could pose a significant risk to American telecommunications networks.

China and Russia Should Strengthen Coordination in International Affairs, Xi Says Δ1.74

China and Russia need to continue to strengthen coordination in international and regional affairs, President Xi Jinping told Sergei Shoigu, the secretary of Russia's Security Council, in Beijing on Friday. China and Russia should maintain close communications at various levels, Xi said, adding that both countries will usher in "a series of significant agendas". The two sides agreed to hold a new round of strategic security consultations at an appropriate time.

Tariffs on Taiwanese Chips Pose Global Supply Chain Risks Δ1.74

Enforcing tariffs on Taiwan would be difficult, and they wouldn’t necessarily be enough to meaningfully increase semiconductor manufacturing in the United States, experts told WIRED. The move could lead to disruptions in global supply chains, potentially affecting not just the US but also other countries reliant on Taiwanese chip exports. The outcome of this decision will depend on various factors, including the effectiveness of potential mitigation strategies.

TRADE WAR HEATS UP: China Requests WTO Dispute Settlement Consultations with US on Tariffs Δ1.74

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.

China’s Factory Activity Growth Hits 3-Month High Amid Tariff Uncertainty Δ1.74

China's factory activity expanded at its fastest pace in three months to 50.8 in February, according to a private-sector survey, as millions of migrant workers returned to work after an extended Lunar New Year holiday. The seasonally adjusted Caixin/S&P Global manufacturing purchasing managers' index beat expectations and accelerated from 50.1 in January and 50.5 last December. This growth is attributed to "demand strengthened from foreign clients" due to U.S. importers front-running tariffs.

China Ramps Up Stimulus to Guard Economy From Changes 'Unseen in a Century' Δ1.74

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.

North Korea Fires Missiles After Slamming US-South Korea Drills Δ1.74

The South Korean and U.S. militaries are set to launch annual joint exercises, Freedom Shield, despite North Korea's condemnation of the drills as a "dangerous provocative act". The missile launch by North Korea on Monday is believed to be the first reported ballistic missile test since President Donald Trump took office in January. The incident highlights the ongoing tensions between the two countries over their military activities.

China Faces Resilience Amid Escalating Trade War with U.s. Δ1.73

With China at the forefront of U.S. President Donald Trump's tariff agenda, domestic economists expect a combination of policy measures, supply chain adjustments, and strengthened global partnerships to cushion the world's second-largest economy as the trade war intensifies. Policy measures taken by China aim to mitigate the impact of the trade war, including increasing imports from countries outside the U.S. and broadening overseas investment cooperation. Strengthening relationships with Southeast Asian nations, the European Union, and other tariff-hit countries will also help China stabilize domestic demand.

China Manufacturing Hits 3-Month High but Us Tariff War Clouds Outlook Δ1.73

China's manufacturing activity expanded at the fastest pace in three months in February as new orders and higher purchase volumes led to a solid rise in production. The official purchasing managers' index (PMI) rose to 50.2 in February, beating analysts' forecasts, but doubts remain about whether this upturn can be sustained amid a trade war with the US. Chinese policymakers are expected to announce economic targets and fresh policy support next week, which investors will watch closely for signs of further support for the struggling property sector.

Shipping Firms Pull Back From Hong Kong to Skirt US-China Risks Δ1.73

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.

Turkey Ready to Send Troops to Ukraine if Necessary, Source Says Δ1.73

Turkey, with its second largest army in NATO after the United States, could contribute to a potential peacekeeping mission in Ukraine, a Turkish defence ministry source said on Wednesday. The source stated that discussions on a Turkish deployment remained conceptual and emphasized that initial deployments would involve non-combatant units to monitor a ceasefire. Turkey has maintained cordial relations with both Russia and Ukraine throughout their war, though it is historically a rival of Moscow.

Yuan Surge to Post-Revaluation High Δ1.73

China's yuan surged against the dollar on Thursday, reaching a post-revaluation high and heading towards its biggest weekly gain in more than four months. The central bank repeatedly engineered hefty gains for the currency, which is closely watched by investors. The move is seen as an effort to bolster confidence in China's economy and financial markets.