To strengthen its anti-piracy mission, China is considering setting up a permanent naval base in the Middle East. In a posting on a defense ministry website, Chinese naval official said the move is to "fulfill our international commitments."
The naval official also noted that the base would better support its vessels and would strengthen supply capacity.
A permanent naval base is likely to be based in Gulf of Aden, the pirate infested waters off the coast of Somalia. Chines vessels are currently using dock and re-supply at a French naval base in the Gulf. Recently, China has reportedly paid US$ 4 million to free its coal carrier De Xin Hai and 25 sailors from Somali pirates.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.