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Media Report
March 21 , 2016
  • Reuters reports: "Confronted with a plunge in its stock markets last year, China's central bank swiftly reached out to the U.S. Federal Reserve, asking it to share its play book for dealing with Wall Street's 'Black Monday' crash of 1987....In a message to a senior Fed staffer, the PBOC's New York-based chief representative for the Americas, Song Xiangyan, pointed to the day's 8.5 percent drop in Chinese stocks and said 'my Governor would like to draw from your good experience.'...Fed policymakers started a two-day policy meeting the next day and took note of China's stock sell-off, according the meeting's minutes. Several said a Chinese economic slowdown could weigh on America."
  • The Washington Post reports: "President Obama's 'historic' visit to Cuba has all the pageantry, chanting crowds and photo-op moments one would expect as an old Cold War estrangement is put to rest. On Monday, however, China's Party-controlled press weighed in with rather less enthusiasm. Though they took note of the 'strategic vision' and 'goodwill' on display in Havana, party-linked media took the chance to call attention to American 'arrogance' and "interventionism" in Latin America — and warned the island about U.S. motives...'U.S. President Barack Obama's trip to Cuba is seen widely as a historic move of Uncle Sam, but ultimate rapprochement with Cuba requires the United States to refrain from imposing its ideology on others and to treat others as equals,'warned an opinion piece published by Xinhua, a Communist Party newswire."
  • BBC News reports: "Chinese citizens have reacted with anger and alarm at news of a massive illegal vaccine operation uncovered in Shandong province. The illegal vaccine ring involved hundreds of people, and affected 24 provinces and cities, local media said....The illegal vaccine ring was said to have been in operation since 2011. The ringleaders, who have been arrested, were allegedly a mother and a daughter who purchased the vaccines from licensed and unlicensed sources, and then sold them on to illegal agents or local disease control and prevention centres for high prices, reported Xinhua state news agency....Though authorities had known about the ring since April last year, they only made the news public late on Friday when they issued a call demanding that suppliers come forward to help them trace potential victims."
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