[Work on Phase 1 of South Santo Road in Vanuatu begins] On May 26, 2023, the groundbreaking ceremony for the first phase of the Santo South Road in Vanuatu, undertaken by China Civil Engineering, was held. The first phase of the Santo South Road Project in Vanuatu is an infrastructure project prioritized by the Vanuatu government and a key livelihood project to improve the traffic situation on Santo Island. The project will connect key areas including towns, tourist attractions, and densely populated areas, greatly improving the traffic conditions between various areas, greatly improving the efficiency of local crop transportation, stimulating the economic vitality of various places along the project, and promoting the economic growth and development of the area. Social development, creating more opportunities for tourism and business activities. Edit/Ma Xue

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• 2026.02.28 17:21
• [The situation in the Middle East is rapidly escalating]
• On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun

• 2026.02.28 17:19
• [Risk preparation for forward foreign exchange sales starting from March 2nd]
• The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun