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Media Report
June 22 , 2016
  • The New York Times：US Calls on China, Rivals to Be Calm When Sea Ruling Issued
    The Associated Press reports: "The United States called on China and other rival claimants Wednesday to exercise restraint when an international tribunal issues a landmark ruling on the South China Sea disputes that Beijing has chosen to ignore....'We would certainly call on all governments to exercise restraint and to use this post-arbitration period as an opportunity to restart those diplomatic discussions,' [A senior U.S. State Department official, who spoke on condition of anonymity to Asian journalists through a teleconference] said....In a harsh attack on U.S. policies in Asia, the flagship newspaper of China's ruling Communist Party on Wednesday accused Washington of seeking to turn the South China Sea 'into a powder keg' and warned it not to underestimate China's determination to defend its territorial claims."
  • Reuters：China's one-time 'democracy' village protests for fourth straight day
    Reuters reports: "The Chinese fishing village of Wukan staged a fourth straight day of protests on Wednesday against what residents say was the unlawful arrest of the village chief, a rare show of grassroots defiance against authorities in Communist China....the village of 15,000 once again united to march for the release of Lin Zuluan, the popular and democratically elected village chief who was arrested in a surprise midnight raid over the weekend....Sources close to the Lin family said his grandson was detained by police soon after Lin's arrest and interrogated for 12 hours....Despite repeated warnings by authorities to the villagers not to stir up trouble, more than a thousand again marched in a loud procession, waving red China flags and chanting for justice."
  • Bloomberg Business：Why Chinese Rating Firm Thinks Russia Is Safer Bet Than U.S.
    Bloomberg reports: "One of China's three biggest rating companies says it wants to strip political bias from the business of assessing sovereign credit risk....Rating companies have faced increased regulation after a U.S. Senate panel found they provided inflated grades for risky mortgage bonds, helping cause the credit crisis in 2007 and 2008 that tipped the global economy into a recession....The threat of a debt crisis in Russia is 'smaller and lower' than in the U.S., according to Guan [Jianzhong, the firm's chairman]. The government's ability to repay debt hasn't been affected by the sanctions, which is why Dagong took no action to change its rating, he said. Gazprom PJSC, Russia's state-run gas exporter, is performing so well compared with its competitors that the Chinese firm has keep its grade at AAA."
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