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Media Report
February 16 , 2016
  • Reuters reports: "U.S. President Barack Obama and allies from Southeast Asia will turn their attention to China on Tuesday on the second day of a summit intended to improve commercial links and provide a united front on maritime disputes with Beijing. After a first day focused on trade and economic issues, Obama and his counterparts from the Association of Southeast Asian Nations (ASEAN) will try to arrive at a common position on the South China Sea during a second day of talks at Sunnylands, a California resort....U.S. officials want the summit to produce a statement calling for China to follow international law and handle disputes peacefully."
  • The Washington Post reports: "The threat of an American missile defense system being stationed in South Korea appears to have concentrated minds in Beijing on how to punish Pyongyang. China now seems ready to support limited United Nations sanctions against North Korea over a recent nuclear test and rocket launches, partly in response to U.S. pressure, experts said Monday. Beijing has reacted angrily to the prospect of the Terminal High Altitude Area Defense (THAAD) system being deployed in South Korea, but a tougher line from Washington and Seoul seems to be having some effect on Beijing's calculations, experts said....The threat of deployment comes amid growing frustration in both Seoul and Washington not only with Pyongyang's actions but also with China's muted response."
  • Financial Times reports: "China's banks granted loans at the fastest pace on record in January, a sign that the government is loosening monetary policy more aggressively in an attempt to bolster the slowing economy....Policymakers have sought to strike a balance between supporting short-term growth with interest rate cuts and higher loan volumes without exacerbating longer-term risks from excessive debt....Residential mortgages helped drive January's strong lending figure, the latest sign that China's housing market is gradually recovering from a downturn that began in 2014. However, economists cautioned against over-interpreting last month's huge lending figures. January is nearly always the biggest month of the year for bank lending, as banks have fresh quotas to start the calendar year. The timing of this year's lunar new year holiday probably amplified this seasonality, as banks accelerated lending ahead of the holiday, which began 11 days earlier this year than in 2015."
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