Month: March 2026

US President Donald Trump is expected to aim for an “economic deal” with China when he is in Beijing, according to a former senior diplomat who served under the American leader during his first term. However if Beijing were to drag out trade negotiations with Washington for too long, it could risk Trump taking a much tougher turn against China, warned Stephen Biegun, who served as US deputy secretary of state from 2019 to 2021. “The president wants a deal, an economic deal, specifically,” he said on Wednesday during an…

China National Offshore Oil Corporation (CNOOC), the country’s largest producer of offshore crude oil and natural gas, aims to further boost production this year amid geopolitical tensions and rising oil prices. The plan came after the state-backed company reported an 11.5 per cent drop in net profit to 122.08 billion yuan (US$17.7 billion) in 2025, owing to low oil prices during the year, even though it produced record-high volumes of the commodities. Its revenue in the period also dipped by… South China Morning Post

The Iran war’s oil shock has dramatically increased the security risk for oil-dependent countries, incentivising a turn towards renewable energy. This impact will outlast the war and oil price spikes because the world knows this war will recur. China will be the biggest beneficiary and its exports are likely to do very well this year, offsetting losses from buying higher-priced oil. A fifth of the global supply of oil and liquefied natural gas plus a third of seaborne fertilisers traditionally go through the Strait of Hormuz. Iran has closed this…

German Chancellor Friedrich Merz has said he can imagine a trade deal with China in the future, signalling a new softening stance towards Beijing in European capitals. “We have set quite a lot in motion when it comes to trade policy. I can also envisage further agreements, for example, in the longer term an agreement with the People’s Republic of China,” Merz said in the German parliament on Wednesday. Merz’s remarks underscore how surging trade and geopolitical tensions with Washington are… South China Morning Post

The TPP is the third-biggest party in Taiwanese politics and has been in talks with the larger Kuomintang (KMT) to join forces in November’s local elections, a midterm contest could lay the groundwork for cooperation to challenge the DPP in 2028. Advertisement In addition to the jail sentence, Ko was banned from running for public office for six years, the court said. Prosecutors had sought a combined jail term of 28½ years for various offences, including during the defendant’s time as mayor between 2014 and 2022. Advertisement Ko was accused…

Volkswagen will withdraw its mass-market car brand Skoda from mainland China after years of lacklustre sales, as international marques continue to lose their appeal in the world’s largest automotive market. “Skoda Auto has realigned its global strategy to focus on growth markets such as India and the Asean region,” a Volkswagen spokesperson said on Thursday in a written response to the South China Morning Post, without denying earlier reports that the Czech brand would cease selling new vehicles… South China Morning Post

Beijing should develop an air-based interceptor system as missile threats escalate from the United States and its regional allies, as well as Taiwan and India, a Chinese military magazine urges while citing the Iran war. The ongoing war in the Middle East, particularly the “nearly insurmountable challenges” posed by Iran’s ballistic missiles to Israel, is exposing the limitations of existing midcourse and terminal-phase missile defence systems, according to an analysis in the March issue of Defence Review journal. As a result, it suggested, boost or ascent-phase interception by forward-deployed aircraft…

An estimated 93 million pieces of debris could be floating on the surface of the South China Sea, based on data collected by China in a projection of its marine monitoring and remote sensing prowess. Using technologies such as fixed-ship monitoring, underway surveys and satellite remote sensing, marine scientists and ecologists audited 26 spots in the central and southern parts of the disputed waters. In a report released this month, Beijing’s Ministry of Ecology and Environment said it collected data on the environmental quality of seawater, floating marine debris and…

China could lead the way in Asia in forging new pathways for plurilateral cooperation, Singapore’s prime minister said, calling for smaller groups of like-minded countries to work together to address challenges in multilateralism. Delivering a keynote address at the Boao Forum for Asia on Thursday, Lawrence Wong also said Beijing could spearhead areas such as AI governance and play a greater role in promoting economic prosperity across Asia, noting Singapore was willing to collaborate with China on a wide range of issues. The 25th edition of the annual forum is…