China's public offering funds have reached record highs with management assets approaching 40 trillion yuan (about 5.9 trillion U.S. dollars) by the end of April, according to data released by the Asset Management Association of China on Wednesday.
Assets under management of China’s public offering funds amounted to 39.36 trillion yuan (about 5.81 trillion U.S. dollars) by the end of April, an increase of about 1.82 trillion yuan from the end of March, reversing the downward trend observed in March.
China's public offering funds reach record highs
As the diplomatic engagement between the United States and Iran continues despite a faltering ceasefire, a former commander of Iran's Islamic Revolutionary Guard Corps (IRGC) has said that Iran is prepared to use military power to break the U.S. maritime blockade should the negotiations collapse or run on too long.
Mohsen Rezaee, who also currently serves as a member of the Iranian Expediency Discernment Council, struck a confident tone about Iran's current trajectory in an exclusive interview with China Global Television Network (CGTN) in Tehran on Wednesday.
He said the country has withstood over two decades of crippling sanctions and continued to move forward.
"We have been under sanctions for more than 20 years. The number of sanctions likely exceeds 2,000, targeting individuals, enterprises, corporations, ships, insurance companies, and even foreign countries that interacted with us. However, we have managed to find solutions to neutralize these sanctions, and we will continue to do so moving forward," he said.
He said Iran aims to ease the sanctions burden through talks with the U.S., although at the same time, he said, Iran is ready to shift to a military response if the path to a peaceful resolution closes.
"Furthermore, we will compel the U.S. to lift these sanctions. We will force the U.S. to end the maritime blockade -- either through negotiations or, should they resist, through direct action and we will attack U.S. warships. Therefore, despite all the pressures, the future of our economy is bright and promising, while the future of the US economy is bleak," he said.
While any new war against Iran would be a dead end, the best way out for the U.S. is to continue talks, according to the senior official.
"We have prepared ourselves so that if the maritime blockade continues beyond a certain timeframe, we will launch an attack and break the blockade. The Americans have no choice but to negotiate. Continuing this war is a journey into a very dark tunnel for the United States. The more America chooses to fight, the deeper it enters a tunnel with no end. Yet for us, the path is perfectly clear. America is moving toward us in the dark, while we are monitoring their every move," he said.
Former IRGC chief says Iran ready to break U.S. naval blockade by force if talks fail
