From EU told to accept defeat in solar power to China’s shipping firms bracing for US port fees, here’s a round-up from today’s coverage
China and Russia have withstood the test of international changes and will continue to support each other, President Xi Jinping told his Russian counterpart Vladimir Putin in a high-profile meeting that showed solidarity amid growing pressure from the United States and its allies.
A group of French and German economists has urged Europe to identify which industries to support in the face of Chinese competition and boldly abandon those where the battle had already been lost, such as the solar power sector.
State broadcaster CCTV has hinted that the Victory Day parade in Beijing this week could feature improved versions of two of its hypersonic missiles, the YJ-21 and DF-17, both with enhanced penetration capabilities.
A strong push on Monday to create a development bank serving 10 Eurasian countries, including China, would help insulate the group from increasingly risky US dollar-dominated trade while accelerating key infrastructure work, according to analysts.
