Beijing (as seat of government)Běijīng北京for the first timeshǒucì首次to demand / to requireyāoqiú要求ChinaZhōngguó中国enterprises / companiesqǐyè企业to ignore / to disregardwúshì无视the United StatesMěiguó美国against / onduì对oil refiners / petroleum refinersliànyóu shāng炼油商(possessive particle)de的sanctionszhìcái制裁。
May 4, 2026 at 10:40 AM
New Words
News in English
China & WorldChina Orders Firms to Defy US Sanctions on Oil Refiners
China ordered its companies to defy US sanctions on oil refiners for the first time, instructing them to continue business dealings with designated targets. The move raises concerns that Chinese banks could be cut off from the US dollar settlement system.
The Chinese government for the first time publicly demanded that Chinese enterprises ignore US sanctions against oil refiners. Sources stated that Beijing has issued directives to relevant enterprises requiring them to continue business dealings with oil refiners designated as sanctions targets by the United States. This move is considered an important step forward in China's strategic contest with the US economic game. The United States previously imposed sanctions on multiple oil refiners linked to Iran and Russia, restricting their access to international financial services. If Chinese enterprises comply with Beijing's directive, relevant banks may face the risk of being excluded from the US dollar settlement system. This latest confrontation is viewed by outside observers as a new round of competition between China and the US over global financial dominance.
More in China & World
European Union (EU)Ōuméng欧盟and / withyǔ与ChinaZhōngguó中国on / regardingjiù就hybrid (vehicle)hùndòng混动automobile / carqìchē汽车tariff / customs dutyguānshuì关税and / as well asjí及rare earth (materials)xītǔ稀土exportchūkǒu出口controls / restrictionsguǎnzhì管制to reach / to achievedáchéng达成agreement / dealxiéyì协议。
EU and China Agree on Hybrid Vehicle Tariffs and Rare Earth Export Controls in Trade Deal
TaiwanTáiwān台湾presidentzǒngtǒng总统Lai Ching-te (Taiwan president)Lài Qīngdé赖清德in / atzài在National Dayguóqìng国庆speech / addressyǎnjiǎng演讲in / withinzhōng中to announce / to declarexuānbù宣布to increase / to raisezēngjiā增加national defenseguófáng国防budgetyùsuàn预算。
Taiwan President Lai Pledges $40 Billion Defense Boost in National Day Address
former / previousqián前the United NationsLiánhéguó联合国High Commissioner for Human Rightsrénquán shìwù gāojí zhuānyuán人权事务高级专员Navi Pillay (South African jurist and human rights advocate)Nàwéi Pílái纳维·皮莱to be honored with / to winrónghùo荣获the year 20262026 nián2026年the Nobel Peace PrizeNuòbèiěr Hépíng Jiǎng诺贝尔和平奖。
Former UN Human Rights Chief Navi Pillay Wins 2026 Nobel Peace Prize
ChinaZhōngguó中国mainlandnèidì内地stock marketgǔshì股市after the holidayjié hòu节后again / anewchóngxīn重新to open for tradingkāipán开盘,the Shanghai index (Shanghai Composite)Hù Zhǐ沪指slightly / by a small marginxiǎofú小幅to edge up / to risezǒu gāo走高。
Chinese Stocks Edge Higher on First Day of Trading After Golden Week Holiday