A report by Rhodium Group and the Mercator Institute for China Studies estimates that Chinese direct investment in the EU surged 76 per cent to €35.1bn in 2016. EU acquisitions in China, by contrast, fell for the second consecutive year, to €7.7bn. The imbalance was particularly sharp in Germany. Source: FT
The U.S. military said it sent two Navy ships through the Taiwan Strait on Wednesday, its latest transit through the sensitive waterway, angering China at a time of tense relations between the world’s two biggest economies. Source: Reuters
A senior German diplomat was in Tehran on Thursday for meetings with Iranian officials to try to preserve the 2015 Iran nuclear deal and cool rising tensions in the region, a German diplomatic source told Reuters. Source: Reuters
- Iran has recently quadrupled its uranium production, a spokesperson for the nation’s atomic energy agency says.
- The nation has stopped complying with key parts of the 2015 Iran nuclear deal.
