Month: April 2026

Control of the Strait of Hormuz has “returned to its previous state”, Chinese state news agency Xinhua reported on Saturday, citing Tehran’s Fars News Agency. “Control of the Strait of Hormuz has returned to its previous state … under strict management and control of the armed forces,” the report said. Advertisement Earlier, Mohammad Bagher Ghalibaf, the speaker of the Iranian parliament, had threatened to close the strait again if the US blockade remained in place. “Passage through the Strait of Hormuz will be conducted based on the ‘designated route’ and…

Japanese Prime Minister Sanae Takaichi is pursuing the first ever revision of her country’s post-World War II pacifist constitution, a step that observers say is likely to be welcomed in Washington and condemned in Beijing. Takaichi’s Liberal Democratic Party (LDP) secured a historic two-thirds majority in the National Diet’s lower house in February’s election, passing the threshold needed to pass constitutional amendments without other parties’ support. “An independent constitutional amendment by the hands of the Japanese people is our party’s long-cherished goal,” Takaichi said at the LDP’s annual convention on…

The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the first of a three-part series, we examine Hong Kong’s bid to position itself as Asia’s bullion hub. War in the Middle East has intensified global demand to diversify gold storage, creating a strategic window for Hong Kong to tap its unique status and evolve from a busy trading conduit for the precious metal into…

Chinese scientists have created a diving suit that could help users glide through the sea with ease. In tests, the exoskeleton reduced the diver’s oxygen consumption by nearly 40 per cent. The flexible suit not only provides physical assistance but also syncs precisely with the swimmer’s own rhythm, dramatically boosting underwater agility. Advertisement In tasks ranging from seabed surveys and pipeline inspections to salvage operations and even covert military missions, divers must constantly change the rate at which they paddle to manoeuvre or respond to conditions. This exertion not only…

Hours after Iran declared the Strait of Hormuz had reopened, Trump posted on social media: “China’s President Xi is very happy that Strait of Hormuz is open and/or rapidly opening; I look forward to meeting Xi. “Our meeting ‌in China will ‌be a special ⁠one and, potentially, Historic. I ⁠look forward to being with President ‌Xi – ‌Much will be accomplished!” Advertisement Trump was originally scheduled to travel to China at the end of March, but the visit was postponed until May 14 and 15 because of the US-Israeli war…

A quarter featuring multiple eye-popping deals is no longer unusual for China’s pharmaceutical industry – in fact, it may soon be considered a slow season. In recent months, companies including CSPC Pharmaceutical and RemeGen have struck out-licensing agreements worth up to US$18.5 billion and US$5.6 billion respectively, while Haisco Pharmaceutical Group has added two of its own — most recently a deal worth up to US$745 million. Under the terms of the deal, the Beijing-based Haisco granted US pharmaceutical giant AbbVie the rights to develop, manufacture and sell a portfolio…

The war in Iran and ensuing closure of the Strait of Hormuz has exposed the risks of over-reliance on the Persian Gulf for oil, turning Beijing’s Mediterranean infrastructure plans from long-term goals into urgent strategic necessities. From Algerian oilfields to Moroccan battery factories and Egypt’s industrial base, China might now fast-track these projects to create a Mediterranean hub for a green-energy supply chain, observers said. Beijing aims to create a strategic backup that protects its… South China Morning Post

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. When Lawrence Wong decided to set up a toy factory in Vietnam last year, he had a clear plan: 600 square metres (6,458 sq ft) of floor space at the start of 2026, with… South China Morning Post