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Media Report
December 20 , 2015
  • Reuters reports that Chinese Foreign Minister Wang Yi said on Saturday that the situation in the disputed South China Sea was "relatively stable" and urged countries beyond the region to help it to stay that way rather than fuelling conflict there.China has overlapping claims with Vietnam, the Philippines, Malaysia, Taiwan and Brunei in the South China Sea. This week China's military carried out war games there, with warships, submarines and fighter jets simulating cruise missile strikes on ships, a Chinese newspaper said."Some countries outside of the region are concerned about this region and we totally understand that, but I think these states need to support attempts to keep this region stable rather than just aggravating tensions or playing countries off against each other," Wang said during a visit to Berlin.
  • The Christian Science Monitor writes that the "Made in China" brand has long stood for quantity not quality, for a low price rather than a top notch product. But that is beginning to change. After decades of producing things that chip, break, stain, and freeze-up, product quality in China is quietly edging up.From clothes to appliances to cell phones, Chinese goods are now proving to be as durable as those made in Japan and nearly as precise as those emerging from high-tech hubs like Taiwan. In the same way Japan moved from making toys in the 1960s to mastering fuel-efficient cars and consumer electronics by the 1980s, China is closing the quality gap. And this new edge is starting to be ripple outwards in Asia's dynamic economies.
  • Bloomberg reports that to get a flavor of the changing sentiment on China's economy, look no further than web searches made on Google.In 2014, search interest reflected the nation's rising prowess, with phrases such as "China largest economy," "China number 1 economy" and "China overtakes U.S. economy," according to data provided by the search engine giant. There were negative searches too, reflecting a slowdown already underway, but most queries were upbeat.That changed over 2015. After a $5 trillion stock market rout and scant sign of any economic turnaround, web surfers increasingly googled terms like "China economy collapse," "China economy crash" and "China economy crisis."

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