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Media Report
December 13 , 2016
  • Quartz comments: "China's richest man Wang Jianlin has an ominous message for Donald Trump: 20,000 US jobs and $10 billion in investments are on the line 'should things be handled poorly.'...Wang made clear he didn't want any trouble, especially as congress reviews his acquisition of AMC—or more than 20,000 people employed by him 'wouldn't have anything to eat.'...'At least in the film and television industry, you must understand that the growth of English films depends on the Chinese market.'[Wang commented on Saturday]... As a former commander in the People's Liberation Army and a member of an advisory board to the Communist Party, Wang's comments are a direct counter to Trump's brusque attitude toward China. Trump's repeatedly accused China of manipulating its currency, has threatened to levy a 45% tariff on certain Chinese goods, and recently started suggesting he would the 'one China' policy as a bargaining chip in trade negotiation. In an interview with CNN on Dec. 12, Wang said he planned to continue investing in the US, but the pace would depend on Trump's attitude toward the Chinese entertainment industry."
  • The New York Times reports: "President-elect Donald J. Trump has made it clear that he views the central basis for diplomatic relations between Washington and Beijing — known as the 'One China' policy — as ripe for review...On Sunday, he suggested that adhering to the One China policy could be used as a bargaining chip...In trying to use Taiwan that way, Mr. Trump hit the most sensitive of what the Chinese Communist Party calls its 'core interests.' If Washington formally recognizes Taiwan, the Chinese are expected to break off diplomatic relations [in a number of ways]:...China's first response may be to punish Taiwan rather than the United States, in an attempt to diminish its value to Washington. It could begin by intensifying efforts to persuade the 22 small sovereignties around the world - that still maintain diplomatic relations with Taiwan - to sever them and recognize China instead. China might then take aim at Taiwan's economy by restricting Chinese investments and limiting the number of Chinese tourists to Taiwan. Taiwan already has de facto independence, but China has warned that it will go to war to prevent it a formal separation from the mainland...American trade officials [also] worry that China could intensify its discrimination against American technology firms by using the country's antimonopoly laws...China could [also] switch from being a reluctant ally of North Korea to a friendly neighbor...[Furthermore] China would keep trading with Iran, isolating the United States"
  • BBC reports: "China has filed a complaint with the World Trade Organisation over the way the US and Europe use anti-dumping rules against it...Beijing says its rates should now be reduced because China has been a WTO member for 15 years. The US has signalled there would be no change in its approach. And the European Commission said China's legal challenge was a 'regret' given a proposal to change the way it calculated the duties on China was awaiting approval from the EU's 28 members. Authorities in Washington and Brussels are keen to preserve tough rules prevent cheap Chinese products flooding their markets...China joined the WTO in December 2001 and argues rules clearly say it should now be considered as 'a market economy'...But the US Commerce Department said China's WTO accession deal did not require members to automatically grant it market economy status...'The United States remains concerned about serious imbalances in China's state-directed economy, such as widespread production overcapacity, including in the steel and aluminium industries, and significant state ownership in many industries and sectors. China has not made the reforms necessary to operate on market principles.' a senior Commerce Department official said in a statement."
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