China Backs Iran Sovereignty, Warns Against Full-Scale War After US Strikes
Key Facts
Chinese Foreign Minister Wang Yi expressed Beijing's support for Iran's right to safeguard its sovereignty and security following recent US strikes. The Times of India reported that China warned against escalating the conflict into a full-scale war after US forces targeted an Iranian missile launcher on Qeshm Island, following an IRGC attack on a US aircraft.
This diplomatic intervention occurs amid heightened geopolitical tensions in the Strait of Hormuz, a critical transit point for global energy. Regarding China's economic context, data released on October 31, 2026, showed a contraction in factory activity with the Manufacturing PMI at 49.3, while the Caixin Manufacturing PMI reached 52 on November 2, 2026.
China is scheduled to release its Services PMI on November 4, 2026, followed by Balance of Trade, Exports, and Imports data on November 10, 2026, which will provide further insight into how geopolitical volatility is impacting external trade.