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Media Report
December 06 , 2016
  • Bloomberg：China Seeks 'Strategic Composure' in Trump Era of Diplomacy
    Bloomberg reports: "The Communist Party's flagship newspaper is urging Chinese leaders to keep cool heads and play the adult should Donald Trump continue to test ties in the run up to his inauguration as U.S. president next month. A commentary published in the People's Daily overseas edition on Tuesday said China must remain calm in response to 'waves' of criticism after Trump announced his protocol-breaking chat with the president of Taiwan...'Some would argue that Trump's out-of-the-line talk and behavior was meant to poke at China, and that the Chinese should retaliate. Otherwise he might think China is a soft persimmon, easy to pinch,' the commentary said. But the country 'doesn't throw a tantrum to strive for only temporary superiority, or to gain immediate gratification.' The piece offered insight into China's measured response since Trump's Friday telephone conversation with Taiwanese President Tsai Ing-wen, which he followed up with tweets knocking Beijing over currency and trade policies...The approach showed China's desire to contain the incident before Trump entered the White House or even appointed a secretary of state."
  • The New York Times：Top Chinese Financier Pleads Guilty to Insider Trading
    The New York Times reports: "One of China's best-known financiers, sometimes called his country's equivalent to Carl C. Icahn, has pleaded guilty to insider trading and stock price manipulation, in a case that forms part of a broader nationwide push against financial improprieties...Mr. Xu also profited from conspiring with top executives at 13 companies to control the timing and content of favorable corporate announcements, the court said. Two co-defendants with Mr. Xu also pleaded guilty....The plea follows a series of signals from China's leaders that they are stepping up investigations of financial improprieties. Allegations of such activities are central to three big campaigns underway in China. They include an anticorruption drive that has already led to the arrest of more than 100,000 officials; a push to clean up financial markets after last year's stock market crash...Steve Vickers, a political risk consultant in Hong Kong, predicted that Mr. Xu's court case would prove a harbinger of other financial prosecutions. 'I would think you'll see a whole series of cases,' he said."
  • The Associated Press：China appeals to US to stop disrupting acquisitions
    The Associated Press reports: "China has urged Washington to stop disrupting its foreign corporate acquisitions after President Barack Obama blocked the purchase of a German maker of semiconductor manufacturing equipment as a security risk. The proposed acquisition of Aixtron SE by China's Fujian Grand Chip was 'pure market behavior,' a foreign ministry spokesman, Lu Kang, said Monday...'We hope that the United States will cease making groundless accusations about Chinese companies and will provide a fair environment and favorable conditions for investment by them,' said Lu at a regular briefing. 'I think this matter will in the long run be in the interests of all the parties concerned.' It was the third time in three decades that a U.S. president has blocked an acquisition by a Chinese company on security grounds...The German government said it was still pursuing its own vetting process for the deal...Chinese companies have made a multibillion-dollar string of acquisitions in Europe to obtain technology and brands including Club Med, Pirelli tires and Volvo Cars. Many Europeans welcome the influx of money but China faces criticism from business leaders that they are blocked from making similar acquisitions in its state-dominated economy."
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