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Media Report
July 01 , 2016
  • The Wall Street Journal reports: "Chinese President Xi Jinping singled out ideological orthodoxy as vital for ensuring the legitimacy of Communist Party rule, marking the party's 95th anniversary with a forceful call for political discipline....In his nationally televised speech, Mr. Xi firmly defended the party's Marxist roots and its achievements in steering China's economic rise, but said any slippage in the party's ideological fervor would threaten its nearly seven-decade grip on power. 'Turning our backs or abandoning Marxism means that our party would lose its soul and direction,' he said....'Xi's speech was a celebration and a warning,' said Jude Blanchette, a Beijing-based researcher who is writing a book on Mao Zedong's legacy. It is 'a reminder that Xi's vision for China cannot be divorced from a strong, organized and highly disciplined Communist Party.'"
  • Reuters reports: "Tens of thousands of Hong Kong residents marched in protest on the 19th anniversary of the financial hub's return to Chinese rule on Friday as tensions simmer against Chinese authorities over the abductions of Hong Kong booksellers. Some waved banners criticizing Beijing for the cross-border abductions as acts of a 'totalitarian' regime, as well as calling for the release of leading dissidents, chanting for democracy and for Hong Kong leader Leung Chun-ying to step down. Several hundred scuffled with police outside Government House, with police using pepper spray to keep them back. Organizers said 110,000 people took part in the march, while police put the figure at 19,300."
  • The Washington Post reports: "Chinese manufacturing deteriorated again last month, according to surveys released Friday, underscoring how a weak global outlook is challenging Beijing's efforts to revive growth in the world's No. 2 economy. An official survey of factory purchasing managers at mostly larger, state-owned enterprises ticked down to 50.0 in June from 50.1 the month before....'It's noteworthy that the current domestic market demand remained weak as real economic momentum is still insufficient,' said Zhao Qinghe, an analyst at the National Bureau of Statistics. Zhao blamed recent weakness in manufacturing on a host of factors, including feeble world economic growth, expectations for a U.S. interest rate hike, protectionism in Europe and the U.S., and Britain's EU vote."
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