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Media Report
November 11 , 2016
  • BloombergView：Who Wins a Trade War? China
    BloombergView reports: "Donald Trump's big win might seem a big loss for China. After spending much of his campaign calling China a cheater that steals American jobs, Trump's election almost certainly means Washington will take a much harder line over trade, the Chinese currency and other contentious economic issues. Nevertheless, China's policymakers will likely welcome President Trump. For the nationalist upsurge he's inspired will ultimately serve China's, not America's, economic interests...Trump's policies will ultimately work to China's advantage. That's because, in reality, the China that Trump has been bashing -- the one that "steals" jobs with unfair practices and cheap labor -- no longer exists. The China of today isn't as interested in assembly lines making blue jeans and iPhones."
  • The Wall Street Journal：Swinging Singles' Day: Alibaba Holiday Drives Shoppers in China
    The Wall Street Journal reports: "As much of the world pondered the implications of a Donald Trump presidency, China dived headlong into a day of unabashed consumerism. Singles' Day was a tongue-in-cheek holiday begun by some Chinese young people in the 1990s to commemorate the lonely hearts among them, with the evocative date 11-11. Over the past seven years, Alibaba Group Holding Ltd. has reached well beyond singles to commercialize the day into the world's biggest annual shopping festival through savvy marketing and steep discounts. Vendors sold some $14.3 billion worth of goods through Alibaba's platforms on the day last year, dwarfing the numbers seen on the Black Friday and Cyber Monday shopping sprees that follow Thanksgiving in the U.S. Alibaba topped that record at about 3:20 p.m. on Friday on its way to a new high of $17.7 billion."
  • The Washington Post：China is also going to the polls. But you'd barely know it.
    The Washington Post reports: "Between August and December, China is holding staggered local elections all across the country – an exercise in 'grass-roots democracy' on a daunting scale. The Communist Party says 'all power in China belongs the people,' and this is the people's every-five-year chance to express their wishes through the ballot box. Yet reading China's closely controlled state media, you'd barely know the elections were happening, with news confined to brief announcements of voting days in different counties and assurances that officials were ready. It is as far removed from the hoopla of the U.S. presidential race as one can imagine...Anyone without a criminal record is theoretically allowed to stand at the local level. [However,] in practice, independent candidates face police harassment and intimidation. Most will simply be blocked from running."


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