News

China’s moderate shift may disappear along with Qin Gang

Published

2 years ago

July 27, 2023

The abrupt removal of China’s foreign minister, Qin Gang, has raised questions about the implications for China’s diplomacy.

Despite his “wolf warrior” reputation, Qin demonstrated a softer approach during his time as ambassador to the US, engaging in sports and advocating for a nuanced relationship between the superpowers.

His appointment as foreign minister was perceived as a move to present a more moderate image of China, but he had limited influence on actual foreign policy decisions.

The ultimate authority rested with Wang Yi, who held the top diplomatic position in China’s party-centric hierarchy as the head of the Communist Party’s foreign affairs commission.

With Wang Yi assuming the role of foreign minister, China aims to signal continuity and reassure the global community that it is business as usual.

International charm offensive

Wang is known for orchestrating international charm offensives and is expected to focus on repairing US-China relations, especially in light of a possible visit by President Xi to the US. However, doubts persist about Wang’s long-term tenure, with many considering him a temporary replacement while Xi searches for someone to ease his workload.

The sudden removal of Qin Gang without explanation has sent a troubling message and raised questions about Xi’s judgment. It has implications for the Chinese Communist Party’s image both abroad and internally, as it highlights leadership instability, possible policy disagreements, and a lack of transparency in high-level official promotions.

Reappointing Wang Yi to signal continuity has been seen as nonsensical, as it reminds foreign partners that Chinese officials can vanish without warning, and their contributions become nullified.

The episode also underscores the distance between the Chinese diplomats often interacted with by foreign governments and companies and the true centers of power in China.

It serves as a reminder that Xi Jinping remains the decisive actor in Beijing. While Qin Gang’s downfall may not significantly impact foreign relations, it has left China with a red face, as it struggles to manage the fallout and maintain a confident image on the global stage.

Crypto

Crypto crash alert: Bitcoin and Ethereum plunge amid market turmoil

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

Published

23 hours ago

December 2, 2025

Harvey Vargas

Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.

The crypto market is facing a sharp downturn as Bitcoin and Ethereum see significant losses, sparking concerns among investors. Analysts warn of continued volatility but remain cautiously optimistic about a rebound by 2026–2027.

We sit down with Oz Sultan from Sultan Interactive Group to break down what’s driving this market shake-up. From $608 million in liquidations to the impact on overall market sentiment, we explore what this means for both short-term traders and long-term investors.

Get insights on Bitcoin’s long-term targets, potential recovery trends, and what historical data suggests for the future of cryptocurrency.

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News

Airbus hit by new A320 fuselage panel defect triggering share price drop

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Published

24 hours ago

December 2, 2025

Harvey Vargas

Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.

Airbus is confronting a fresh manufacturing issue after discovering a quality defect in several dozen fuselage panels used on A320-family jets. The revelation sparked investor concern, with shares falling by up to 10% as the news broke.

While the newly identified flaw has caused some delivery delays, Airbus confirms that aircraft already in service are safe and unaffected. The defect is limited to a specific batch of panels, and all new production now meets required standards.

The company has apologised for the disruption and says it is working closely with suppliers to prevent a repeat of the issue.

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#Airbus #A320neo #AviationIndustry #Manufacturing #AviationSafety #StockMarket #Aerospace #TickerNews

News

Bitcoin tanks as markets turn risk-off and tech stocks slide

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Published

1 day ago

December 2, 2025

Harvey Vargas

Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.

Bitcoin has suffered a sharp decline, falling more than 7% and slipping to $84,555 — its lowest point in over a week. After a brutal November where BTC shed more than $18,000, its biggest dollar drop since mid-2021, investor confidence is wavering. Analysts say multiple pressures, including negative ratings for major stablecoins, are amplifying bearish sentiment across the market.

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#Bitcoin #CryptoNews #Markets #TechStocks #Investing #Blockchain #FinancialNews #TickerNews