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Media Report
May 31 , 2016
  • Reuters reports: "China will 'pressure' the United States on maritime issues at talks in Beijing next week because of Chinese concern about an increased U.S. military presence in the disputed South China Sea, a major state-run newspaper said on Tuesday....'Beijing will pressure Washington over maritime issues during the upcoming Strategic and Economic Dialogue, as the United States' increasing military presence in the South China Sea is among China's major concerns,' the official China Daily said, citing unidentified officials....The South China Sea is also likely to feature at a June 3-5 security forum in Singapore known as the Shangri-La Dialogue."
  • The Guardian reports: "China on Monday rejected criticism from the US defense secretary, Ashton Carter, accusing him of harboring a cold-war mentality and saying Beijing had no interest in 'playing a role in a Hollywood movie' of Washington's design. A foreign ministry spokeswoman, Hua Chunying, told reporters Carter's comment last week that China was creating a 'Great Wall of self-isolation' was merely an attempt to provide cover for US plans to deploy additional military forces to the Asia-Pacific region....The US is committed to upholding the freedom of navigation and commerce, and peaceful resolution of disputes, Carter said. 'China's actions [in the South China Sea] challenge fundamental principles, and we can't look the other way,' Carter said."
  • Bloomberg reports: "Those nearest to China are among the hardest hit as growth in the world's second-largest economy grinds to the slowest pace in a quarter century. Hong Kong, Macau, and Taiwan all saw their economies shrink in the first quarter, while Mongolia's commodities-fueled boom has faltered....'The ripples are likely to spread further out,' said Frederic Neumann, co-head of Asian economic research at HSBC Holdings Plc in Hong Kong. 'As China's economy continues to cool, it will provide an ongoing drag on global output, curtailing inflation pressures in the process and anchoring interest rates in the process. The economic malaise currently experienced by China's immediate neighbors, therefore, is only a portend of a milder version to afflict economies elsewhere as China comes off the boil.'"
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