China tightens Communist Party oversight of tech firms and digital finance
China’s ruling Communist Party is stepping up oversight of technology firms, internet platforms and digital finance in a sweeping drive to ta...
Chinese Foreign Minister Wang Yi has departed for a six-day tour of Azerbaijan, Croatia, Montenegro and Bulgaria, a visit that underscores Beijing's steady effort to build relationships and trade corridors in parts of Europe that often sit outside the spotlight of major power diplomacy.
The trip runs from October 14 to 20, with Wang attending the seventh summit of the Conference on Interaction and Confidence Building Measures in Asia (CICA) in Baku as President Xi Jinping's special envoy, before moving on to bilateral talks with foreign ministers and senior leaders in each of the three Balkan countries. The six-day tour shows Beijing's growing interest in trade routes and partnerships stretching from the South Caucasus to southeastern Europe.
For Beijing, the timing and choice of destinations are deliberate. Each country sits along or near a trade and transport corridor that China has been quietly investing in for years.
At the heart of that interest is what is known as the Middle Corridor, a trade route connecting China to Europe through Kazakhstan, across the Caspian Sea, through Azerbaijan and Georgia, and onward via Turkey or the Black Sea. It is the shortest overland route between the two regions, with goods arriving in roughly two to three weeks compared to around six weeks by sea.
Its deeper value is resilience: it gives Europe and Asia an alternative trade route that does not rely on Russia or Iran, offering flexibility in a world where geopolitical disruptions can shut down supply chains overnight.
Beijing formally joined the Middle Corridor last year as part of a broader strategy to diversify its trade routes, with Azerbaijan, home to the Port of Baku, a major logistics hub on the western shore of the Caspian, serving as a pivotal node in that journey. This will be Wang Yi's first visit to Azerbaijan in seven years, a gap that itself underscores the renewed urgency Beijing attaches to the relationship.
The three Balkan stops carry their own significance. Croatia and Bulgaria are European Union members, giving China an opportunity to engage with the EU's orbit through bilateral channels rather than bloc-level negotiations, which have become increasingly strained.
Montenegro, though not yet an EU member, is a candidate country, and its Adriatic coastline makes it a useful link in any connectivity chain stretching from the Black Sea toward western Europe. Wang Yi's visit will be the first by a Chinese foreign minister since Montenegro gained independence twenty years ago, a milestone that both sides are marking this year alongside the 20th anniversary of their diplomatic ties, with the jointly developed North-South Highway cited by Beijing as a flagship project. Wang last visited Bulgaria as foreign minister in 2015, making this trip the first in over a decade.
Analysts describe China's growing focus on the Middle Corridor as a strategic move to manage geopolitical risk rather than a simple logistics calculation, transforming transit nations into vital connectors and signalling that supply chain resilience now matters as much to Beijing as cost efficiency.
Wang Yi's schedule this week is less about any single meeting and more about the pattern it reflects: a China that is quietly and methodically connecting the dots across Eurasia, deepening ties in regions where it sees both commercial opportunity and the chance to build goodwill outside the more contested arenas of US-China and EU-China relations.
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