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Media Report
December 16 , 2016
  • The Wall Street Journal：Japan Dethrones China as Top U.S. Foreign Creditor
    The Wall Street Journal reports: "Japan surpassed China in October as the largest foreign owner of U.S. government bonds for the first time in nearly two years, reflecting continued sales of Treasury securities by the world's most populous nation. Japan held $1.13 trillion of U.S. debt at the end of October, according to U.S. data released Thursday, while China held $1.12 trillion, its lowest holding since 2010...China's holdings have been falling since hitting a record high of $1.317 trillion in November 2013. The Treasury International Capital data help investors and analysts draw a bead on international debt-buying patterns, though many analysts warn that the figures present an incomplete picture of the holdings of nations such as China, which is understood to make many purchases through other jurisdictions for various reasons. While a weaker yuan makes China's exports more competitive in global trade, the country has been trying to rebalance its economy toward consumption and away from inefficient, polluting industry...Demand from private sector investors has been slowing down, giving the bond market less support compared with the previous two years and underlying in part the recent bond-price decline that has sent yields to their highest level since September 2014."
  • The New York Times：China Suggests It Has Placed Weapons on Disputed Spratly Islands in South China Sea
    The New York Times reports: "China signaled on Thursday that it had installed weapons on disputed South China Sea islands and would use them like a 'slingshot' to repel threats, compounding tensions with the incoming Trump administration. The Chinese message, in a Defense Ministry statement, suggested that China was further watering down a pledge made by its president, Xi Jinping, to not militarize the islands...China, with the world's second-biggest economy and a swelling military budget, has established an intimidating dominance across much of the South China Sea. And the latest satellite images appeared to confirm its deepening military grip on the Spratlys. The steps 'show that Beijing is serious about defense of its artificial islands in case of an armed contingency in the South China Sea,' the Asia Maritime Defense Initiative said in its report about the images. 'Among other things, they would be the last line of defense against cruise missiles launched by the United States or others' against air bases that may soon go into operation on the islands, it said."
  • Newsweek：Trump's Swaggering Sparks War Talk From China
    Newsweek comments: "China reacted with mounting fury in December after the president-elect suggested he might revisit the issue of Taiwan's independence as an opening gambit in trade negotiations with Beijing. 'The calculating businessman might feel shrewd about seizing China's fate by the throat through the Taiwan question,' responded China's state-run Global Times newspaper, a mouthpiece for hard-right nationalists. 'However, the truth is this inexperienced president-elect probably has no knowledge of what he's talking about.' If Trump tries to change Taiwan's status, China, might well 'offer support, even military assistance to U.S. foes,' it said...Trump's fans in Washington's right-wing think tanks, however, scoffed at such threats and cheered what they saw as an overdue 'punch in the face' to China...[but, filmmaker John Pilger reminds us] 'we don't have to accept the word of those who conjure up threats and false enemies that justify the business and profit of war,' he says as the film ends. All we have to do, is 'recognize there is another superpower.' "
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