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Iran FM in China; Trump China visit next week; EU losing patience?; DeepSeek; Xi on basic research; MU5735 crash investigation

Bill Bishop
May 06, 2026
∙ Paid

For those who got to enjoy the May Day Holiday, I hope you had a nice vacation.

Today’s top items:

1. Iran FM in China - Wang Yi met with his Iranian counterpart Araghchi in Beijing. According to the PRC readout, Wang was clear that the PRC wants the Strait of Hormuz opened:

Wang Yi reiterated China’s principled position on the situation in Iran, stressing that since the outbreak of hostilities, China has been actively promoting peace talks. President Xi Jinping has solemnly put forward a four-point proposal on safeguarding and promoting peace and stability in the Middle East, which has received a positive response from the international community. The current regional situation is at a critical juncture between war and peace. China believes that a comprehensive cessation of hostilities brooks no delay, that resuming hostilities is even less advisable, and that persisting with negotiations is especially important. China supports Iran in safeguarding its national sovereignty and security…

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