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Media Report
March 30 , 2015
  • Bloomberg：U.S. Reiterates Rejection of China-Led Bank as More Nations Join
    Bloomberg reports, "The U.S. stood firm on rejecting membership in a new China-led infrastructure bank, citing concerns it will fall short of international standards even as the rest of the world's biggest economies sign up for the initiative. While China made it clear it would welcome the U.S. in the Asian Infrastructure Investment Bank, the U.S. still prefers to collaborate through existing international financial institutions...China is seeing European nations including Germany and the U.K., along with other U.S. allies such as Australia and South Korea, seek to join the new institution in defiance of U.S. warnings that it may lack the standards of institutions such as the World Bank. Japan is likely to join the infrastructure bank within a few months after pressure from companies there, according to the nation's ambassador to China, the Financial Times reported Monday."
  • Reuters：China's Xi: Trade between China and Silk Road nations to exceed $2.5 trillion
    "China's President Xi Jinping said he hoped its annual trade with the countries involved in Beijing's plan to create a modern Silk Road would surpass $2.5 trillion in a decade. Xi also pledged to protect the interests of foreign companies in China amid investors' rising concerns that Beijing is enacting policies that could hurt their businesses. Under the so-called 'One Belt, One Road' initiative, China aims to create a modern Silk Road Economic Belt and a 21st Century Maritime Silk Road to boost trade and extend its global influence...Projects under the plan include a network of railways, highways, oil and gas pipelines, power grids, Internet networks, maritime and other infrastructure links across Central, West and South Asia to as far as Greece, Russia and Oman, increasing China's connections to Europe and Africa," writes Reuters.
  • Reuters：Taiwan seeks stronger cyber security ties with U.S. to counter China threat

    According to Reuters, "Taiwan wants to join a major anti-hacking drill conducted by the United States to strengthen cyber security ties with its staunchest ally, its vice premier said on Monday, a move which would help safeguard against constant targeting by hackers in rival China. Many hacks into Taiwan systems have been traced to sites belonging to China's People's Liberation Army, Vice Premier Simon Chang told Reuters in an interview, without elaborating on the locations... The drill is held biennially...Taiwan had invited U.S. officials to observe its own mock drill against cyber attacks in 2013. Cooperation between Taiwan and the United States would aim to strengthen defenses against hackers looking to steal government, military and industrial intelligence."

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