Bloomberg Daybreak: Asia Edition Cautious Open as Israel-Iran Ceasefire Appears to Hold
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Jun 25, 2025 Jenni Marsh, Greater China Eco-Gov Team Leader for Bloomberg News, offers insights into China's cautious diplomacy amid the Israel-Iran ceasefire. The discussion highlights Beijing's strategy to secure its oil supply while navigating complex international tensions. Marsh also delves into the evolving perceptions of America among the Chinese public and the implications for global relations. The conversation touches on economic updates, including the Fed's interest rate strategy, and offers investment insights amid market volatility.
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China's Calculated Diplomatic Role
- China plays a cautious diplomatic role in the Israel-Iran conflict, mainly issuing statements and engaging in back-channel talks.
- Beijing prioritizes opposing the US-led sanctions regime and aligning Iran with other emerging markets like BRICS and the Shanghai Cooperation Organization.
Strait of Hormuz Crucial for China
- China is more concerned about securing the Strait of Hormuz due to its oil dependency.
- Although China stockpiles oil to buffer short-term supply disruptions, it wants to avoid conflict escalation in this strategic waterway.
China Avoids Military Entanglements
- China has no formal allies by design and acts in its self-interest in foreign conflicts.
- It avoids military involvement, even with close partners like Russia, to prevent US sanctions and maintain strategic flexibility.