Day: December 28, 2025

Saudi Arabia has pledged to boost investments in America to nearly US$1 trillion, but according to analysts Riyadh could struggle to meet that target. Rather, they said the pledge – announced when Crown Prince Mohammed bin Salman visited Washington last month – was more about the “political display” than a binding commitment. Advertisement By comparison, China and Saudi Arabia signed commercial deals worth about US$30 billion when Chinese President Xi Jinping visited Riyadh in 2022. China and Saudi Arabia signed about US$30 billion worth of deals when Chinese President Xi…

Three more top-ranking Chinese officers have been expelled from the national legislature, becoming the latest to fall foul of an anti-corruption campaign sweeping through the military. The Standing Committee of the National People’s Congress said on Saturday that it had expelled Wang Renhua, head of the Central Military Commission’s Political and Legal Affairs Committee; Zhang Hongbing, political commissar of the People’s Armed Police (PAP); and Wang Peng, director of the CMC’s training department. All three remain full members of the Central Committee, the Communist Party’s top decision-making body. Advertisement The…

In the heart of Algeria’s Sahara Desert, Chinese state-owned giant China Railway Construction Corporation (CRCC) has completed laying track on the PK330 Bridge, a final and critical link in a new railway designed to unlock the nation’s mineral wealth. It was the “most technically demanding railway engineering feat ever undertaken in North Africa”, CRCC said on December 10. 16:09 How China is reshaping its economic ties with Africa How China is reshaping its economic ties with Africa The ore will be processed at newly established industrial complexes in the region…

China’s ultra-wealthy are quietly parking their private jets offshore to sidestep tougher compliance rules at home, while corporate executives are downgrading to commercial flights, analysts say, as economic headwinds hit the country’s business aircraft fleet. Aircraft owned by affluent Chinese nationals are said to be increasingly resurfacing in hubs such as Singapore and Japan, while more billionaires and corporate executives are turning to first-class commercial cabins or timeshare jet services for overseas travel. The number of business jets in mainland China fell to 249 last year from 270 in 2023,…

China’s top diplomat Wang Yi is set to host the foreign ministers of Cambodia and Thailand to “consolidate” the new ceasefire deal between the Southeast Asian countries. The trilateral gathering, to be held Sunday and Monday, marks Beijing’s latest effort to cement its role as an international mediator and secure a lasting peace deal in the deadly border clash between the two neighbours. At Wang’s invitation, his Cambodian counterpart Prak Sokhonn and Thai Foreign Minister Sihasak Phuangketkeow will meet in the southwestern Chinese province of Yunnan, according to the Chinese…