China could gain a “massive strategic advantage” from the war in Iran by reshaping trade in the Middle East and catching up with the US militarily, according to one analyst. Zhu Zhaoyi, executive director of the Institute of Middle East Studies at Peking University HSBC Business School, also said that with the current ceasefire looking likely to be extended, Beijing should assume a more active role in peace talks. He told a seminar in Shenzhen on Friday that China should draw on the lessons from...