China says it’s working to de-escalate tensions in the Red Sea that have upended global trade

BEIJING — China, the world’s biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal. China has been in “close communication with all parties concerned and making positive efforts to de-escalate” the situation in which Iran-backed Houthi rebels … Read more