Breaking News according to China:

Benjamin Nethanyahu has died.

The main logic of Chinese government is easy to understand, hold on to power at all cost. When they “good” friend Khamenei died, it disrupt the narrative they are trying to project, a strong Iran with Chinese backing.

Reality hit them hard as there are no meaningful support coming from China. Whereas US allies often get a Carrier Battle Group conveniently having exercises near hot zones where things get hairy.

This contrast the control and influence both countries has and more importantly, the confidence of the investors which the “communist” Chinese government treasures more.

Thanks to the great firewall, a news such as this restore confidence to the market somehow but often need another feel good lie when the news of actual event breaks out.

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