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Media Report
July 21 , 2015
  • Reuters：China stocks up as government help stabilizes sentiment; HK shares gain
    Reuters reports, "China stocks edged up on Tuesday morning in a more sedate mood as government rescue measures appear to have restored some stability to trading in the past week. Signs that mainland stocks are beginning to find their feet also benefited the Hong Kong market, where the benchmark index Hang Seng rose 0.4 percent. 'The market is under the government's control ... and investor sentiment has stabilized,' said Fu Xuejun, analyst at Huarong Securities Co. 'Over the past few trading sessions, there were few signs of panic selling. The market is getting back to normal.' The CSI300 index rose 0.1 percent, to 4,165.91 points at the end of the morning session, while the Shanghai Composite Index gained 0.3 percent, to 4,002.64 points. Shenzhen's start-up board ChiNext extended its rebound, tracking its bullish U.S. counterpart, the NASDAQ. Beijing had stepped in with a raft of emergency measures after China's stock market plunged one third in a month-long rout starting mid-June, but with the liquidity situation improving, some of the rescue steps are being postponed."
  • Bloomberg：China Protests U.S. Pacific Fleet Chief's Spy-Plane Flight
    Bloomberg writes, "China renewed its protests over U.S. spy planes entering what it claims as territory after the commander of the U.S. Pacific Fleet joined a surveillance flight over the disputed South China Sea. 'For a long time, U.S. military ships and aircraft have carried out frequent, widespread, and up-close surveillance of China, seriously harming bilateral mutual trust and China's security interests, which could easily cause an accident at sea or in the air,' the Ministry of Defense said in a statement published by state-run People's Daily. Admiral Scott Swift joined a seven-hour surveillance mission on a P-8A Poseidon plane on July 18 to witness the aircraft's full range of capabilities, the U.S. Pacific Fleet said on its website."
  • The Associated Press：Japan annual defense paper shows heightened worry over China

    "Japan emphasized China as a threat in escalating regional tensions in this year's annual defense report as Prime Minister Shinzo Abe's government tries to convince the public of the need to pass legislation to give Japan's military a greater role. The report approved Tuesday by the Cabinet, was delayed for more examples than a week as Abe's ruling party panel demanded mention of additional examples of China's 'one-sided' maritime activities such as undersea gas and ill development in the East China Sea... China by far topped Japan's list of security concerns, taking up one-third of a chapter on global security trends covering eight countries and regions," writes the Associated Press.

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