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Media Report
December 12 , 2016
  • Politico：A new China emerges on trade battlefield
    Politico reports: "Expect China to be on the trade warpath from now on. Starting Sunday, Beijing will style itself as a so-called market economy and retaliate hard against any trading rival that disagrees...It's something Beijing insists that it has won automatically from December 11, based on its terms of accession to the World Trade Organization. The date has come to be seen as a decisive threshold that epitomizes the Middle Kingdom's breakneck transformation into the world's biggest trader and manufacturer...Two days before the December 11 deadline, Shen Danyang, spokesman for China's commerce ministry, threatened to take "necessary measures" against all those using the old methodology...China's state news agency Xinhua condemned Beijing's opponents in a clear sign of the ruling party's displeasure. "The refusal is nothing short of covert protectionism," it wrote."
  • Bloomberg：China Finds New Fans in Southeast Asia as U.S. Turns Inward
    Bloomberg reports: "China is embracing Southeast Asia with a renewed trade and investment push, a trend that's set to accelerate as the region grapples with the prospect of a more protectionist U.S. under Donald Trump...The Philippines and Malaysia have already made more explicit moves to align themselves with China. On his first visit to Beijing in October, President Rodrigo Duterte said he wants to cut the cord with the U.S., a key military ally, and pivot to China...Credit Suisse estimates Chinese FDI in the six largest economies in the Association of Southeast Asian Nations will reach about $16 billion this year. China already accounts for 30 percent of all FDI into Thailand, and 20 percent into Malaysia, according to the bank. In Indonesia, Asean's largest economy, Chinese investment has surged following five meetings between President Joko Widodo and Chinese President Xi Jinping in the past two years."
  • South China Morning Post：The challenge of being an 'old friend of China'

    South China Morning Post reports: "President-elect Donald Trump's intention to send Iowa Governor Terry Branstad to China as US ambassador is a good choice. Branstad is in for the challenge of a lifetime. It is not easy carrying the burden of "friend of China"...Now, chosen by Trump as ambassador-designate, Branstad takes to his prospective post the assets and liabilities of being "an old friend" of China and its supreme leader, Xi. This is a big plus for America, but, it is also a heavy burden for the governor...In short, the "friend" can play an essential, but perilous, role. Trump has made a sound choice in Branstad for many reasons, not least that the governor understands – from the perspective of the economy of Iowa – how interdependent China and America have become. But, will the new president and the Washington bureaucracy listen, and will the prospective ambassador remain credible in the eyes of both his own countrymen and China's leaders?"

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