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Media Report
May 11 , 2016
  • Reuters reports: "Taiwan's new government will be to blame for any crisis with China that erupts once it assumes office, Beijing said on Wednesday, heaping on the pressure ahead of the inauguration of a new president from a pro-independence party. China and self-ruled Taiwan underwent a rapprochement under the outgoing government which was run by China-friendly Nationalists, but ties have begun to strain with their successors, the independence-leaning Tsai Ing-wen and her Democratic Progressive Party (DPP)...Tsai, who assumes office on May 20, has said she will maintain the status quo, but has never conceded to a key bilateral agreement referencing the "one China" principle, which has angered Beijing."
  • The Washington Post reports: "Queen Elizabeth II was not amused. Britain's monarch has been caught on camera complaining about the rudeness of Chinese officials during preparations for last October's much-vaunted state visit by President Xi Jinping. The queen was filmed talking to Metropolitan Police Commander Lucy D'Orsi at her first garden party of the year in Buckingham Palace on Tuesday...'They were very rude to the ambassador,' the queen said, also referring to the incident as 'extraordinary'...Chinese officials are known in diplomatic circles for playing hardball with their demands during preparations for important visits, but this is the first indication that Her Majesty was unhappy with arrangements."
  • The Associated Press reports: "American stocks surged to their biggest gain in two months on Tuesday after the Chinese government moved to stimulate its economy. That gave a boost to energy, chemicals and machinery companies. For months, investors have worried about the state of China's economy, which is the world's second-largest after that of the United States. The prospect of greater sales to China lifted companies that make basic building materials, chemicals, aircraft, and building and mining equipment. The price of oil matched a six-month high, and companies that drill for oil and refine it also rose. All 10 industrial sectors of the Standard & Poor's 500-stock index finished higher."
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