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Media Report
July 06 , 2016
  • The Washington Post：China paper warns US of 'price' to pay in South China Sea
    The Associated Press reports: "The flagship newspaper of China's ruling Communist Party on Wednesday warned Washington that there would be a 'price' to pay if it crosses China's 'bottom line' by meddling in disputes over the South China Sea....The paper said that bilateral ties and regional stability were at stake and that the U.S. should recognize that 'there is a bottom line with every issue, and a price will be paid if that line is crossed.' 'If the United States, regardless of the cost, chooses the path of 'brinkmanship' that pressures and intimidates others, there will be only one result, that is, that the U.S. bears all the responsibility for possibly further heightening tensions in the South China Sea,' the editorial said."
  • Reuters：China chides U.N. group over criticism of 'arbitrary' detention
    Reuters reports: "China said on Wednesday U.N. authorities should respect its judicial independence after a U.N. agency said last week an American businesswoman who is accused of spying in China had been detained arbitrarily. Sandy Phan-Gillis of Houston, Texas, has been held for more than a year without formal charge under suspicion of spying and stealing state secrets....The U.N. working group said the detention of Phan-Gillis violated international human rights norms and authorities had not provided evidence for holding her without any specific charges."
  • Bloomberg Business：Hong Kong Stocks Drop to One-Week Low as Brexit Concern Returns
    Bloomberg Business reports: "Hong Kong stocks fell to a one-week low, joining a global selloff spurred by renewed concern that Britain's exit from the European Union will weigh on world economic growth....Bank of England chief Mark Carney warned that risks from the Brexit vote had started to crystallize, while the monetary authority took steps to spur lending by reducing capital requirements for banks....Investors are still risk averse -- they're afraid about the global economic slowdown' after Carney's comments, said Sam Chi Yung, senior strategist at South China Financial Holdings Ltd. 'There is still the expectation of an interest-rate cut in China, so A share performance is relatively better than Hong Kong. Hong Kong is a more open economy, so it's affected by the global market.'"
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