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Media Report
November 18 , 2016
  • The Wall Street Journal reports: "China's efforts to promote its concept of the internet had fresh resonance as Western minds now debate whether social media sites should screen out fake news, or if smartphone makers should help police gain access to the secrets locked away in the devices of suspected criminals. As U.S. tech companies wring their hands over their social responsibilities, China presents a clear-cut alternative: nothing outweighs national security interests, as defined by the country's top leaders. 'The private sector must take on the responsibility and duty to fight terrorism,' Yu Weimin, vice president of Alibaba Group Holding Ltd., the online retailer and one of China's biggest technology companies, said at the conference...Some observers also think China has an opportunity to gain converts, based on campaign rhetoric from Mr. Trump suggesting he will be focused on domestic policies, and less concerned about getting involved in global debates on ideology."

  • The Associated Press reports: "An expected U.S. economic retreat from Latin America under Donald Trump is causing the region's leaders to look halfway around the world, to China, for help weathering the possible financial headwinds. They'll have the perfect opportunity to make their appeal this week when Chinese President Xi Jinping attends a Pacific Rim summit as part of a visit to Ecuador, Peru and Chile...Over the past decade China has displaced the U.S. as the main trading partner in country after country in Latin America as demand for the region's soybeans, oil and iron ore fueled the fastest growth in decades. But more recently, as China's demand for raw materials has been slowing, the region's economies have taken a hit, dampening the once-torrid love affair with the world's second-biggest economy...But for now Chinese businessmen attending the APEC summit see nothing but potential."
  • The Financial Times reports: "New residential property prices in China grew faster in October despite a slew of restrictions on purchases, but the rate of growth appeared to slow noticeably in a number of top cities...Countrywide, month-on-month prices rose in 62 out of 70 major cities last month, were unchanged in one and fell in seven. Wuxi, in coastal Jiangsu province, retained the top spot for a second month with growth of 4.9 per cent, but that was markedly lower than the previous month's rise of 8.2 per cent. In a close second was Changsha, capital of Hunan province, with growth of 4.5...The continued, albeit slower growth in prices tracks with recent data showing real estate investment ticked upward in October and sales had registered barely any negative impact from the new restrictions."
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