China's Economy Feels Hormuz Oil Shock: 5 Key Stories You Missed
Catch up on essential developments from Asia and beyond with these five reports from our recent coverage.
**1. China Feels the Squeeze from Hormuz Oil Crisis**
Disruptions to oil shipments through the critical Strait of Hormuz are now directly impacting China's economy. Major Chinese firms report rising transport costs and manufacturing delays. Some factories are even "cancelling orders" due to uncertainty and higher prices for raw materials.
**2. Japan's Military Drills Signal a Strategic Shift**
Recent, large-scale military exercises demonstrate Tokyo's growing focus on deterrence. Analysts call the shift "a big deal," reflecting deep concerns about regional security and China's expanding military activities.
**3. UAE Withdraws Billions from Pakistan After Diplomatic Move**
The United Arab Emirates has pulled US$3.5 billion in deposits from Pakistan's central bank. This financial move came shortly after Pakistan mediated talks between Iran and the UAE's ally, the United States, raising questions about the diplomatic fallout.
**4. China Maps a New County in Xinjiang**
Chinese authorities have officially mapped a third new county in the far western region of Xinjiang. The strategic move highlights the government's continued focus on administering and developing this sensitive border area.
**5. A Family's Dental Empire**
From our lighter weekend reads: the story of one family's journey to build a successful dental clinic business, showcasing personal enterprise in the region.
Stay informed with our in-depth reporting from across the continent.