00:00 It's Benzinga and here's what's on the block.
00:02 China is attempting to take a neutral stance in its response to the recent conflict between
00:06 Israel and Hamas, calling for restraint for both sides and supporting a two-state solution,
00:12 differing from strong support for Israel from the U.S. and others.
00:16 By not condemning Hamas, China aims to gain favor with Arab and Muslim countries and others
00:21 sympathetic to Palestine in regions like Africa and Latin America, which could boost China's
00:25 economic and diplomatic influence.
00:28 However, China also risks upsetting key economic partner Israel and damaging its role as a
00:34 potential mediator.
00:36 China hints at a greater role replacing U.S. influence in resolving regional conflicts,
00:40 but still lacking weight to significantly shape the Israel-Palestine issue or Middle
00:44 East stability.
00:45 For all things money, visit Benzinga.com.
00:47 [BLANK_AUDIO]
Comments