The New York Times reports: "In his first telephone conversation with President Xi Jinping of China, Mr. Trump, now the president-elect, appeared to set aside [his] critiques expressed on the campaign trail, vowing that the two nations would have 'one of the strongest relationships,' according to a statement released by Mr. Trump's transition office, Reuters reported. Mr. Xi, in turn, told Mr. Trump that 'facts have shown that cooperation is the only correct choice' for the United States and China, according to Xinhua, the Chinese state news agency. In the phone call, which took place on Monday Beijing time, the two men agreed to maintain close communications and to meet at an early date...'He's very different from the Obama administration when it comes to issues like trade and economics,' Mr. Li [dean of the School of International Relations and Diplomacy at Beijing Foreign Studies University] said. 'There's still a lot of uncertainty."
The Associated Press reports: "As a surge of students from China begins to level off, many U.S. colleges are expanding recruiting efforts in the Middle East, South Asia and Latin America in part to boost budgets that have come to rely on tuition dollars from international students....'For a variety of factors, we're seeing a slowdown in Chinese enrollment," said Todd Maurer, a California analyst who advises schools and education companies on trends in Asia. "I think we're seeing the last years of double-digit growth.' Colleges seek international students partly to boost campus diversity, but they also bring a financial perk. Most schools don't offer scholarships for international students, and charge them full tuition costs...Stephen Dunnett, vice provost for international education at the University at Buffalo, said many colleges worry they depend too heavily on revenue from Chinese students. 'They would be severely hurt if there was a contraction,' he said. 'There's no Plan B. There's no other country that would send students in those numbers."
The Wall Street Journal reports: "President-elect Donald Trump's promised trade tariffs on China would likely hurt U.S. allies Japan and South Korea, which have become increasingly dependent on the Chinese market. Mr. Trump vowed to slap a 45% tariff on all imports from China if it doesn't alter practices such as subsidizing steel and other industries, and to pull the plug on a Trans-Pacific Partnership, or TPP, a 12-nation free-trade accord encompassing America's chief Asian allies. The accord effectively died Friday, and Obama administration officials acknowledged there is now no way to advance it...It is far from clear how much of Mr. Trump's campaign rhetoric will become policy. Many observers have suggested the 70-year-old real-estate tycoon may simply use his threats of big tariff increases to negotiate smaller concessions. They cite the fact that higher tariffs on Chinese goods would mean U.S. consumers paying more for clothing and electronics. 'My guess is there will be some negotiations or renegotiations, but we will avoid the most extreme outcomes, though the long-term tendency is toward increased protectionism,' HSBC economist Joseph Incalcaterra said."