The U.S. Army has acquired a long-range business jet designed for intelligence gathering on China and Russia, as reported by @samuelskove, enhancing its surveillance capabilities. Meanwhile, New China Life, a state-owned insurer, has partnered with China International Capital Corporation (CICC) to create a $1.4 billion fund aimed at investing in companies with real estate assets, in an effort to bolster the economy, particularly the struggling property sector. In the energy sector, Saudi Aramco and China's Rongsheng are set to exchange stakes in each other’s subsidiaries, a strategic move that deepens their partnership as Aramco seeks to sell more oil amidst global shifts away from hydrocarbons. Additionally, there is growing interest in how Beijing will react to the Philippines' plans to construct on a South China Sea reef, which could have implications for regional tensions.
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Army buys long-range business jet to spy on China, Russia | by @samuelskove https://t.co/WWTAxlXycX
State-owned New China Life partners with CICC to set up a $1.4 billion fund to invest in companies with real estate assets as Beijing encourages long-term capital to bolster the economy, including the ailing property sector https://t.co/QBHIcTPmYU
Aramco and China’s Rongsheng to take a stake in each other’s subsidiaries as the world’s biggest oil producer and the Chinese petrochemical giant deepen ties and Aramco looks to sell more oil even as the world turns away from hydrocarbons https://t.co/C6DCXqiGMy
How will Beijing respond to Manila’s plans to build on South China Sea reef? https://t.co/1XlyB3qtSl