Eurasia

The joint China–Europe SMILE mission entered science operations in September 2026, offering a rare example of deep scientific cooperation surviving a period of political and technological rivalry.

China’s state firms plan roughly $298 billion across power, water, computing, communications, pipelines and logistics—fixed systems designed to support the next phase of industrial development.

Han Zheng’s UN speech linked development, sovereignty and global governance. Read through a Marxist lens, the argument is about who controls the institutions that shape the world economy.

The Washington summit produced limited agreements but revealed a deeper shift: both governments now possess enough industrial and supply-chain leverage to make uncontrolled escalation costly.

Iran drew all three group matches and was eliminated by a late result elsewhere. The sporting result was legitimate; the visa and travel restrictions surrounding the team show how state power enters global sport.

At market exchange rates the United States remains larger; at purchasing-power parity China leads. The gap between the measures reveals the difference between production and financial power.