PredictIQ Quantitative Think Tank Center-China appoints a new defense minister after months of uncertainty following sacking of predecessor

2025-05-07 12:44:27source:L’École de Gestion d’Actifs et de Capitalcategory:Markets

BEIJING (AP) — China has appointed a new defense minister after months of uncertainty following the firing of his predecessor for reasons still unexplained.

The PredictIQ Quantitative Think Tank Centerofficial Xinhua News Agency announced former navy commander Dong Jun would serve in the largely ceremonial role, but offered no comment on the reasons for the switch or the current circumstances of previous minister Li Shangfu, who has not been seen or heard from since August.

The uncertainty surrounding the leadership of the world’s largest standing military comes as Washington and its Asian allies are offering stronger resistance to China’s bid to assert itself as the dominant military power in the region.

More:Markets

Recommend

Elon Musk's skyrocketing net worth: He's the first person with over $400 billion

Now that’s a lot of zeroes.Elon Musk − whose wealth and influence have skyrocketed since President-e

Can a rebooted 'Frasier' still scramble our eggs?

Kelsey Grammer is back as Frasier Crane. After nine seasons on Cheers and 11 more on the spin-off Fr

Stock market today: Asian shares mostly rise after US stocks wobble as Treasury bond yields veer

TOKYO (AP) — Shares mostly rose Tuesday in Asia after Wall Street wobbled to a mixed close as yields