China extends anti-dumping duties on stainless steel imports
China's Ministry of Commerce announced Monday it will extend anti-dumping duties on specific stainless steel imports from the European Union, United K...
China's government on Wednesday accused Taiwan of "manipulating" potential Chinese involvement in the recent severing of an undersea communications cable before all the facts were known, as tensions continue to simmer in the Taiwan Strait.
According to Zhu Fenglian, spokesperson for China's Taiwan Affairs Office, the incident—which saw a cable supplying the Penghu Islands disconnected—was a “common maritime accident” that happens more than a hundred times a year worldwide. Zhu claimed that Taiwan's ruling Democratic Progressive Party (DPP) has deliberately exaggerated the situation to serve political ends, a move that, he asserted, would not win popular support.
The controversy erupted after Taiwan's coast guard detained a China-linked cargo ship on Tuesday near the affected cable. Taiwan has long decried what it calls "grey zone" Chinese activities, including balloon overflights and sand dredging, which it claims are designed to pressure the island without triggering full-scale conflict. The island also points to similar incidents—such as the damage to undersea cables in the Baltic Sea following Russia's invasion of Ukraine—as evidence of a deliberate pattern, often identifying Chinese ships flying flags of convenience as culprits.
Adding to the friction, Taiwan's coast guard has accused the Chinese coast guard of turning routine patrols near the Kinmen islands into “routine harassment.” These islands, controlled by Taiwan yet located just off the Chinese coast near Xiamen and Quanzhou, have seen repeated patrols that Taiwan argues undermine regional peace and stability.
While China’s government dismisses the cable incident as an isolated, minor accident, Taiwan views it as part of a broader pattern of coercive actions that threaten its critical communications infrastructure. The dispute highlights the deep-seated mistrust and strategic rivalry between the two sides, with implications that extend to regional stability and global maritime operations.
As both Beijing and Taipei double down on their respective narratives, analysts warn that such incidents could further inflame tensions in the already volatile Taiwan Strait, potentially affecting not only regional security but also the reliability of international communications networks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
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Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
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The U.S. Justice Department announced charges against two Chinese citizens accused of spying inside the U.S. on behalf of Beijing.
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