The Wall Street Journal reports: "President-elect Donald Trump's talk of punitive tariffs on Chinese goods has put the trade world on edge. China's rising portion of grants and subsidies in industrial profits—its own form of protectionism—may only add to the tension...While Mr. Trump has concentrated on China's currency, subsidies are another way that governments can push down the price of their goods on the export market. If large enough, they could even ameliorate the effects of possible tariffs...China has talked about reforming the hand of the state and 'marketizing' subsidies so they are less about doling out cash and more about responding to market incentives. But there is little talk of reducing them. Should Mr. Trump follow through on promises to turn the U.S. inward, Beijing will likely continue to help its companies the same way it always has—and perhaps even more."
Reuters reports: "Chinese President Xi Jinping on Wednesday called for greater cooperation among nations in developing and governing the internet, while reiterating the need to respect so-called 'cyber sovereignty.'...'The development of the internet knows no international boundaries. The sound use, development and governance of the internet thus calls for closer cooperation,' Xi said in a video message at the start of China's third World Internet Conference. While China's influence in global technology has grown, its ruling Communist Party led by Xi has presided over broader and more vigorous efforts to control, and often censor, the flow of information online...China hopes to cooperate with other countries to develop international rules and standards for the internet 'in a more balanced way', said Liu, a member of the Party's leading Politburo Standing Committee."
The Washington Post reports: "In a remote valley near the Arctic Circle where the wind whips the coarse yellow grass, China and Iceland are preparing to look to the sky — and a shared future. Construction workers are building a research facility to study the Northern Lights, whose spectacular streaks of color light up Iceland's winter skies. Funded by China's Polar Research Institute, the facility will house Chinese, Icelandic and international scientists when it opens next year...Scientists hope the observatory will help them learn about the interaction between the sun and the Earth's magnetic field, which could help predict space weather...'Now you might hear someone say, 'They will never finish it' — not that they are spying on us or doing something totally different from what is said to be done,' [Reinhard Reynisson, director of the nonprofit company building the Aurora Observatory] said. 'Why build a station here in the valley to spy on us? Much easier to rearrange some of their satellites to spy on us.' "