Why does the Code of Conduct in South China Sea matter for peace?

①China calls for the early conclusion of consultations on the Code of Conduct in the South China Sea. We explore its importance for regional peace. (00:42) ②Iran warns the U.S. against attacking its nuclear sites, while Yemen declares a naval blockade against Saudi Arabia. Is a wider regional conflict looming? (14:13) ③China is making contactless customs clearance the norm. What does it mean for global businesses? (25:05) ④Europe's heatwaves boost demand for Chinese air conditioners. We explore how Chinese firms adapt to overseas demand. (30:40) ⑤Why is the U.S. planning a 100% tariff on generic drugs from 2028? (43:25)