Asia
China’s post-Congress diplomatic attack
Following the 20th Congress of the Communist Party of China (CPC), Beijing is to welcome several foreign leaders.
The Chinese Foreign Ministry announced that General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong, Pakistani Prime Minister Shahbaz Sharif, Samia Suluhu Hassan, president of the United Republic of Tanzania, and German Chancellor Olaf Scholz will pay official visits to Beijing.
The first visitor is from Vietnam
The first visit to Beijing after the CPC Congress came from Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam Central Committee.
Vietnamese leader Nguyen paid an official visit to China from October 30 to November 2 at the invitation of Xi Jinping, general secretary of the CPC Central Committee and Chinese President.

Photo: October 31, 2022, Xinhua
This visit also is the first overseas visit of Nguyen Phu Trong following the CPV’ 13th National Congress.
During the meeting between the two leaders at the Great Hall of the People in Beijing, capital of China, the two sides agreed to make effort to push the China-Vietnam comprehensive strategic cooperative partnership to a high level.
The joint statement of the two sides stressed that while the world is undergoing highly complex and unpredictable historical transformation and entering a new period of turbulent change, China and Vietnam relations will be evaluated and developed from a strategic and long-term perspective.
Cooperation against colorful revolution
Both sides agreed to keep the China-Vietnam Steering Committee for Bilateral Cooperation mechanism active, coordinate planning and promote exchanges and cooperation between the two countries in the areas of foreign affairs, defense, security and law enforcement. The two sides are also ready to work collaboratively to strengthen the fight against terrorism and resist “colorful revolutions”, it was noted.
It was reported that the two sides won’t let maritime and other relevant issues between the two countries affect how they deal with them appropriately. Particularly, it was agreed that it is important to properly manage the differences in the South China Sea and to maintain peace and stability.
The Vietnamese side reiterated their commitment to follow the one-China policy and expressed their firm opposition to Taiwan independence separatist activities.
Chinese media commented that the visit is an indication that party-to-party communications will become increasingly important in relations between the two countries. In addition, Chinese experts voiced expectations that efforts by the U.S. and its allies to cause conflict between China and Vietnam will no longer be successful.
Pakistan is a high priority in neighborhood diplomacy
The second visit after the CPC Congress came from Pakistani leader Shahbaz Sharif.
Pakistani Prime Minister Sharif met Xi Jinping in Beijing.

Photo: November 2, 2022, Xinhua
Xi noted that China has been addressing China-Pakistan relations from a strategic and long-term perspective and keeping relations with Pakistan at the forefront of good neighborhood diplomacy.
Xi thanked Pakistan for its support on issues vital to China’s major concerns, stressing that they firmly support Pakistan’s preservation of national sovereignty, territorial integrity, and development interests, and achieving stability, unity, development, and prosperity.
China-Pakistan Economic Corridor to be an exemplary project
Pointing out that China, which has a global expansion policy, will continue to create new opportunities for the world countries, especially Pakistan, with its own development, Xi said they will advance the construction of the China-Pakistan Economic Corridor (CPEC) with greater efficiency and make this project an exemplar of high-quality Belt and Road cooperation.
Xi stressed the importance of joint efforts by the two sides to accelerate the construction of Gwadar Port’s infrastructure facilities and create conditions for projects such as the Karachi circular railway.
Expressing that they expect Pakistan to export more quality agri-products to China, Xi said that in addition to expanding cooperation with Pakistan in new energy fields such as digital economy, e-commerce and photovoltaic, they will continue to improve cooperation in industry, agriculture, science and technology and to support Pakistan in stabilizing its financial situation.
Xi underlined that China and Pakistan should maintain their strong cooperation in multilateral mechanisms, strengthen coordination in important international and regional problems, and uphold true multilateralism, international fairness, and the shared interests of developing countries.
‘China’s development cannot be prevented’
Shahbaz Sharif also pointed out that deepening Pakistan’s all-weather strategic cooperative partnership with China is the cornerstone of Pakistan’s diplomacy.
Hailing the China-Pakistan Economic Corridor’s significant impact on Pakistan’s social and economic development, Sharif said Pakistan is ready to work with China to accelerate the high-quality construction of the Belt and Road.
“The world cannot operate without China, and China’s development cannot be isolated or contained by any force” Sharif noted at the meeting.
The Chinese press highlighted the importance of the Sharif’s visit right after the CPC Congress, while a greater focus was put on the advancement of the CPEC and other major infrastructure projects between the two countries when the Sharif came to power earlier this year.
New era with Tanzania
Tanzanian President Samia Suluhu Hassan became the first African head of state to visit Beijing, China after the CPC’s Congress.
On November 3, President Xi Jinping held talks with Hassan at the Great Hall of the People. The two leaders announced the improvement of China-Tanzania relations to a comprehensive strategic cooperative partnership.
At the end of the meeting, the two heads of state signed bilateral cooperation documents covering trade and investment and issued a joint statement on extending bilateral relations to the level of comprehensive strategic cooperative partnership.
Chinese experts expect Hassan’s three-day visit to boost bilateral co-operation and open a new chapter in China-Africa relations.
“We believe that President Hassan’s visit will further bolster the building of a China-Africa community with a shared future in the new era” Chinese Foreign Ministry Spokesperson Zhao Lijian, noted at a routine press conference on Wednesday.
Rais wa Jamhuri ya Muungano wa Tanzania Mhe. Samia Suluhu Hassan akiwa kwenye picha ya pamoja na Mwenyeji wake Rais wa Jamhuri ya Watu wa China Mhe. Xi Jinping katika ukumbi wa The People Great Hall, Beijing nchini China tarehe 03, Novemba, 2022. @venusnyota pic.twitter.com/UleqkNtyUM
— ikulu_Tanzania (@ikulumawasliano) November 3, 2022
Olaf Scholz and the German titans on their way to Beijing
German Chancellor Olaf Scholz, who is expected to arrive in Beijing on November 4th, will be the first G7 leader to visit the country since the start of the Covid-19 pandemic.
Scholz will meet with Chinese leader Xi Jinping and Prime Minister Li Keqiang as part of the Beijing talks. Following Merkel’s last visit to China three years ago, these two leaders have found the opportunity for face-to-face communication, which is acknowledged as an important development.
Scholz’s visit is also interpreted as an opportunity for China to develop cooperation with European countries. Because Olaf Scholz is taking a large delegation to Beijing with him. The CEOs of the German titans will accompany Scholz during the trip: Mercedes, Audi, BMW, Bayer, Volkswagen, Siemens, BioNTech…
Although relations between China and the European Union (EU) have recently deteriorated, China is Germany’s largest trading partner for the past six years and its bilateral trade volume exceeded 245 billion euros (243.43 billion dollars) last year. The Chinese-German trade also directly supports more than 1 million jobs in Germany. In addition, China-EU trade reached $800 billion for the first time in 2021, and two-way investment went beyond $270 billion in cumulative terms.
‘It would be wrong to decoupling from China’
In an earlier interview, Martin Wansleben, managing director of the Association of German Chambers of Commerce and Industry, stressed that Germany cannot leave China and ‘without China, Germany will become even poorer’, adding that “further detachment from China will lead to a loss of prosperity for us.”
German Chancellor Olaf Scholz also wrote for Frankfurter Allgemeine Zeitung about his country’s Chinese policy ahead of his official visit to China.
Scholz said he is opposed to decoupling from Chinese economy but underlined that unilateral dependencies should be reduced.
Noting that Germany’s Chinese policy could only be successful if Europe was integrated with China’s policy, Scholz said that they were therefore in close coordination with European partners and transatlantic friends, including French President Emmanuel Macron, before his trip.
On the other hand, Scholz’s visit sparked controversy in the coalition government. Some people expressed deep concern that the German economy was getting too close to and “over reliant” in China. Even before the visit, calls were made within the coalition government to ‘diversify’ trade with China and “not to be naive in commerce with China.”
Contrary to these claims, the Chinese press states that the Chinese-German economies are complementary and points out that bilateral relations are never a unilateral bond.
Asia
China launches patrols east of Taiwan after Japan and Philippines open maritime boundary talks
Beijing said it had conducted law enforcement patrols in waters east of Taiwan in response to a decision by Japan and the Philippines to launch talks on maritime boundary delimitation.
According to a statement from the China Coast Guard, a flotilla led by the vessel Daishan carried out law enforcement patrols “in accordance with the law” on Monday.
China Coast Guard spokesperson Jiang Lue said the operation was “a necessary action” in response to Japan and the Philippines “unilaterally announcing the start of negotiations on maritime delimitation in waters east of China’s Taiwan Island.”
“Such an announcement seriously infringes upon China’s territorial sovereignty and its maritime rights and interests,” Jiang said.
“We urge Japan and the Philippines to immediately cease all illegal actions that violate China’s sovereignty and rights,” he added.
Jiang also said the coast guard would continue strengthening its control and management of the relevant waters and that China would take concrete measures to “resolutely safeguard territorial sovereignty and maritime rights and interests.”
The United States and most of its allies, including Japan and the Philippines, do not recognize Taiwan as an independent state and acknowledge it as part of China. The United Nations has also adopted resolutions reflecting this position. However, Washington continues to provide arms to Taiwan as part of its broader efforts to counter China and encourages its allies to do the same.
Following a summit in Tokyo between Japanese Prime Minister Sanae Takaichi and Philippine President Ferdinand Marcos Jr., the two countries said in a joint statement issued on Thursday that they had agreed to begin “formal negotiations” to delimit their exclusive economic zones (EEZs) and continental shelves.
Beijing condemned the planned talks as “completely illegal and invalid” and swiftly lodged formal diplomatic protests with both Tokyo and Manila.
Chinese Foreign Ministry spokesperson Mao Ning said on Friday: “The so-called delimitation negotiations are entirely illegal, invalid and void. They will have no impact whatsoever on China’s claims or on China’s exercise of its legitimate rights in the area east of Taiwan Island.”
The latest escalation comes at a time when relations between Beijing and both Tokyo and Manila are already strained. Japan and the Philippines are treaty allies of the United States, while China remains engaged in separate territorial disputes with Japan in the East China Sea and with the Philippines in the South China Sea.
As US attention and resources have increasingly shifted toward the war involving Iran, and as the White House has made the Western Hemisphere a strategic priority, Japan and the Philippines have stepped up diplomatic engagement in the region commonly referred to as the Indo-Pacific.
That effort has included building closer security and defence ties with other countries, prompting Beijing to accuse them of encouraging bloc confrontation in the region.
Japan and the Philippines do not share a maritime boundary. However, their seabed claims could overlap because both countries seek to extend their legal continental shelves beyond 200 nautical miles, equivalent to 370 kilometres or 230 miles.
The overlapping area lies east of Taiwan, southwest of Japan’s Ryukyu Islands and north of the Philippines’ Batanes Islands.
Yang Xiao, a researcher at the Chinese Academy of Social Sciences, China’s highest-ranking state-affiliated think tank, said Taiwan’s EEZ and continental shelf are part of the area under discussion.
“These are China’s rights and are not something that the two sides can negotiate among themselves,” Yang said.
In an interview published on Sunday by Yuyuan Tantian, a social media account affiliated with state broadcaster CCTV, before the China Coast Guard announced the patrols, Yang said Beijing would take “historic and unprecedented” countermeasures against Tokyo and Manila.
“Since they are negotiating in a three-party overlapping zone, we can also take further steps to advance our jurisdiction in the waters east of Taiwan,” Yang said.
“If the other side insists on reckless and destructive actions, we will inevitably introduce new countermeasures.”
Yang described the waters east of Taiwan as a vital maritime area for the island’s economic activities.
“If these waters are divided between Japan and the Philippines, that would clearly harm the interests of the people living on Taiwan Island,” he added.
Asia
SoftBank overtakes Toyota to become Japan’s most valuable company
As artificial intelligence reshapes industrial structures in Japan and South Korea, stock market rankings are being redrawn. SoftBank Group has overtaken Toyota Motor to become Japan’s most valuable listed company.
SoftBank shares have surged as the global artificial intelligence rally gathers momentum, lifting the technology conglomerate’s market capitalisation above that of Toyota for the first time in more than two decades.
The shift reflects a broader reordering of Japan’s equity market. Automakers, alongside banks, steelmakers, energy companies and other traditional heavy industries, are losing ground to chipmakers and companies linked to artificial intelligence.
SoftBank shares jumped 14% on Monday, reaching a new record high. The company’s market value climbed to 48 trillion yen, or $301 billion, making it the most valuable company listed on the Tokyo Stock Exchange.
Toyota had long held the top position, with a market capitalisation of approximately 45 trillion yen. The last time SoftBank surpassed Toyota was in March 2000, at the peak of the dot-com bubble.
SoftBank’s rapid rise has been driven by strong earnings performance and its substantial investment in ChatGPT developer OpenAI.
The Japanese company reported net profit of 1.82 trillion yen, or $11.4 billion, for the first three months of 2026, 3.5 times higher than in the same period a year earlier. The group is also increasing its investment in OpenAI, completing a $10 billion investment in April and committing to invest an additional $20 billion later this year. Total investment is expected to reach roughly $65 billion.
According to The Wall Street Journal, OpenAI plans to file for an initial public offering and aims to list in the United States as early as September. Some media reports suggest the company could seek to raise $60 billion through the offering, potentially valuing it at more than $1 trillion. Such a transaction could become the largest initial public offering in history.
Investors expect the IPO to significantly boost SoftBank’s investment gains. Those expectations have helped drive the technology group’s share price higher. SoftBank shares have risen about 127% since early April.
The company is also planning to invest up to 14 trillion yen in the construction of data centres in France.
Asia
China and Serbia agree to expand cooperation in emerging sectors
Chinese President Xi Jinping met Serbian President Aleksandar Vucic in Beijing, where the two leaders discussed bilateral ties and oversaw the signing of multiple cooperation agreements. Xi also awarded Vucic the Friendship Medal of the People’s Republic of China.
The meeting between Xi Jinping and Aleksandar Vucic began with an official welcoming ceremony at the Great Hall of the People in Beijing.
The two leaders then proceeded to formal talks. Xi said China and Serbia had achieved “positive results” since jointly launching the construction of a “China-Serbia community with a shared future in the new era” in 2024.
Xi said the partnership had not only benefited the two peoples but had also set an example for international relations.
The Chinese president described relations between China and Serbia as an “iron friendship” based on deep historical ties and mutual trust.
Calling on both sides to strengthen exchanges, deepen practical cooperation and continue supporting each other on issues concerning their core interests, Xi also said the two countries should align their development strategies and advance cooperation under the Belt and Road Initiative. In this context, he pointed to transport, energy and infrastructure projects.
Xi also called for expanding cooperation in emerging sectors such as artificial intelligence, the digital economy, green energy and advanced manufacturing.
Aleksandar Vucic congratulated China on the start of implementation of its 15th Five-Year Plan. Vucic also expressed confidence in China’s future development under Xi Jinping’s leadership.
The Serbian president said Belgrade attached great importance to relations with China and firmly supported Beijing on issues concerning China’s core interests.
Vucic thanked Chinese companies for their contributions to Serbia’s economic development and infrastructure construction.
Saying the two countries had made notable progress since establishing their comprehensive strategic partnership, Vucic added that cooperation had expanded across numerous sectors.
The Serbian president also praised China’s role in international affairs, saying Beijing approached smaller countries on the basis of equality and respect and defended international law.
Following the talks, the two leaders witnessed the signing of more than 20 cooperation agreements covering politics, trade, science and technology, education, legal affairs and culture.
The two sides also issued joint statements on steadily advancing the construction of a China-Serbia community with a shared future in the new era and jointly supporting the implementation of four global initiatives.
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