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Media Report
November 23 , 2016
  • The Wall Street Journal reports: "Chinese officials have warned of retaliation against the U.S. if Washington levies tariffs on the world's second-largest economy as President-elect Donald Trump has threatened, U.S. Commerce Secretary Penny Pritzker said Tuesday. 'the Chinese have said they'll have to retaliate,' Ms. Pritzker said in an interview on the sidelines of high-level U.S.-China trade talks here in Washington. That could harm U.S. workers and industries and hurt the U.S. economy, she said...Abandoning the TPP gives China an advantage as Beijing is 'aggressively pushing its own trade agenda' and will hit U.S. economic and strategic interests in Asia and globally, she said...Earlier Tuesday, China Vice Premier Wang Yang told a gathering of U.S. government and business officials that Beijing is taking a 'wait and see' attitude to a Trump presidency."
  • The New York Times reports: "Inside Facebook, the work to enter China runs far deeper. The social network has quietly developed software to suppress posts from appearing in people's news feeds in specific geographic areas, according to three current and former Facebook employees...Facebook has restricted content in other countries before, such as Pakistan, Russia and Turkey, in keeping with the typical practice of American internet companies...Facebook does not intend to suppress the posts itself. Instead, it would offer the software to enable a third party...to monitor popular stories...'It's better for Facebook to be a part of enabling conversation, even if it's not yet the full conversation,' Mr. Zuckerberg said, according to employees."
  • Reuters reports: "China will 'play its role' in promoting economic integration in the Asia-Pacific, the foreign ministry said on Wednesday, after U.S. President-elect Donald Trump said he would kill an ambitious regional trade pact. Trump's statement appeared to open the way for China to assume the United States' leadership mantle on trade and diplomacy in Asia...China, Japan and South Korea are already in the initial stages of discussing a trilateral trade deal, and Beijing has been pushing its own limited Asian regional trade pact that excludes Washington for the past five years...Japan and Australia, Washington's closest allies in Asia, pledged after Trump's announcement to push ahead without the United States, although removing the largest market for goods and services would shrink it dramatically...Foreign Ministry spokesman Geng Shuang said...'There is no zero sum relationship between the various free trade arrangements, and they should not be mutually exclusionary, but rather should promote each other.' "
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