2015-05-27 - May 27, 2015 - Media Report on China

Media Report

May 27 , 2015

New York Times：China, Updating Military Strategy, Puts Focus on Projecting Naval Power
"China intends to project naval power in the open ocean in coming years, and not just defend the country's coastal waters, according to a strategy paper released on Tuesday. The paper, the first policy document issued by the Chinese military in two years, comes at a time of growing Chinese assertiveness in the South China Sea... The Pentagon said earlier this month that it was weighing whether to send warships and aircraft into what it says are international waters, but China says are within its zone of control," writes The New York Times.
Bloomberg：World Hunger Falls to 25-Year Low on China, Brazil's Ascent
Bloomberg reports, "Fewer people are undernourished than anytime in the past 25 years as the rise of developing countries such as China and Brazil ushers in economic prosperity and improved food production...China dominated the fight against global hunger, accounting for about two thirds of the reduction in hungry people in developing regions in the past 25 years. Among major regions in the world, eastern and Southeast Asia reduced hunger by the most, according to the FAO report."
Bloomberg：The People's Currency
"China is an economic giant, but its money is still a bit of a runt. Unlike the dollar, euro and yen, it's little used away from home. The No. 1 exporter has kept its currency off world markets and restricted buying and selling...Now it has reason to loosen the grip on the renminbi, which means 'the people's currency,' and is better known by the name for its biggest unit, called yuan. To fuel a slowing economy and back rising political ambitions, China is now promoting the use of the yuan throughout the world, a slow-moving process known as internationalization. It's one of the biggest changes in global financial markets since the creation of the euro," writes an opinion article from Bloomberg.

Calendar

News

New York Times China, Updating Military Strategy, Puts Focus on Projecting Naval Power
Huffington Post China Plans Naval Expansion Amid South China Sea Tensions
CNN Chinese Official: U.S. has ulterior motives over South China Sea
Wall Street Journal U.S., Experts See No Major Change in China Defense Strategy
New York Times China Touts Success of Crackdown in Restive Muslim Region
Wall Street Journal U.S. Bank-Hiring Probe: Information Sought on Top China Official
Bloomberg World Hunger Falls to 25-Year Low on China, Brazil's Ascent
Washington Post Chinese military sets course to expand global reach as 'national interests' grow
Bloomberg Chinese President Xi to Make State Visit to U.K. in October
Reuters Japan, Philippines to deepen ties as China asserts sea claims
Wall Street Journal China's Naval Abilities Test Asia's Insecurities
The Washington Times Beijing brushes off South China Sea complaints, adopts aggressive military stance
New York Times China Coal Production Falls in First 4 Months a Year

Commentary

Bloomberg The People's Currency
Bloomberg China Blows Its Debt Bubble Bigger
Wall Street Journal China's Claims in the South China Sea
Huffington Post Is China's Choice to Submit to the U.S. or Challenge It?
Washington Post China's dangerous provocation demands a response from the U.S.
Bloomberg China Didn't Invent Industrial Espionage