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Media Report
March 03 , 2016
  • TIME reports: "China's governing class descends on Beijing this week for the nation's top two annual political meetings. The National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's top political advisory body, begins Thursday, with the main event, the National People's Congress (NPC), the country's anodyne legislature, kicking off on Saturday. The 'two sessions,' as they are colloquially known in China, are an important bellwether for assessing government policy in a one-party state where most decisions take place behind firmly closed doors. Around 3,000 provincial administrators, top businessmen and Chinese Communist Party (CCP) bigwigs are expected to attend."
  • The New York Times reports: "With the world looking to China for assurance that it can manage its slowing economy and tumultuous stock market, President Xi Jinping has begun pushing a remedy that sounds less like Marx and Mao than Reagan and Thatcher. Mr. Xi is calling his next big economic initiative 'supply-side structural reform,' a deliberate echo of the nostrums of tax cuts and deregulation advocated by those conservative Western leaders in the 1980s....The supply side Mr. Xi is referring to would, like Reaganomics, include lowering taxes and reducing the government burden on investors....Some economists say the supply-side rubric is at least a step toward painful measures that could lead to healthier growth."
  • The Washington Post reports: "Donald Trump's latest victories in the race for the Republican nomination unleashed a wave of surprisingly positive comments across Chinese social media this week, from admiration of his credentials as a 'strongman,' to hopes he will lift the world economy 'out of its quagmire,' and assertions that he really isn't 'crazy and stupid.'...But as the nationalist Global Times tabloid noted in an op-ed on Thursday, the leading GOP candidate 'has surprisingly earned himself a few fans in China.'...Although he says he 'loves China,' and 'people from China love me,' he also accuses it of stealing American jobs and promises to immediately declare it a currency manipulator. He rails against its Great Wall of Protectionism and pledges to stand firm against its 'cheating' and 'financial blackmail.'...But Trump has one thing in common with Chinese people, the columnist suggested: 'His winning streak is solid proof that U.S. voters are tired of Washington politics.'"
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