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Media Report
January 10 , 2017
  • Bloomberg：China Joins Davos as Trump Presidency Vies for Spotlight
    Bloomberg reports: "The Davos elite gathering next week behind metal detectors in a concrete bunker in the Swiss Alps to discuss the state of the world will be isolated in more ways than one. The roughly 3,000 business, political and academic leaders attending the World Economic Forum's annual meeting from Jan. 17-20 will find themselves further outside the political consensus than ever before, after a year that saw backlashes against 'elites' roil politics on both sides of the Atlantic...The most high-profile guest by far will be Chinese president Xi Jinping, the first sitting Chinese leader to attend the event. He's heading a larger-than-ever delegation of business executives from the world's second-biggest economy, underscoring China's determination to assume a global leadership role as other major powers are hobbled by domestic infighting. China's two richest citizens, Alibaba Group Holding Ltd. founder Jack Ma and Dalian Wanda Group Co. Ltd CEO Wang Jianlin, will join him and appear in solo on-stage interviews."
  • The Associated Press：China Pledges Further Cuts in Excess Steel, Coal Production
    The Associated Press reports: "China's top economic planner pledged Tuesday to continue cutting steel and coal production, which have been a source of trade friction with many countries. China reached targets for cuts in production capacity last year, said Xu Shaoshi, chairman of the National Development and Reform Commission, adding that hundreds of thousands of steel and coal workers have been transferred to other jobs. Other industries such as cement and glass are also 'actively' cutting capacity, Xu said at a news conference. China's trade partners accuse the country of dumping excess steel, coal, cement and glass on world markets. Chinese leaders say they are working to roll back production and shutter unprofitable and debt-laden producers that are a drag on China's economy itself. But central government officials openly acknowledge that their orders often encounter political resistance amid worries about unemployment and social stability. Xu said cutting production capacity of steel by 45 million tons and coal by 250 million tons in 2016 affected the jobs of 800,000 steelworkers and miners, with the government resettling 700,000 of them in new jobs by the end of last year."
  • Quartz：Trump says one of China's most notorious thieves of American IP is a "great, great entrepreneur"
    Quartz comments: "Right now, a 'Make America Great Again' hat will set you back $25 on the official merchandise site for president-elect Donald Trump. Vendors on Taobao—the Chinese online marketplace run by e-commerce giant Alibaba—will sell you one for as little as $0.50. This is exactly the kind of Chinese intellectual property violation that Trump decried on the campaign trail...But if this came up when the president-elect met with Jack Ma, the head of Alibaba, at Trump Tower earlier today, neither said. 'It was a great meeting,' Trump said in a press conference after the meeting. 'Jack and I are going to do some great things.' He praised Ma as 'a great, great entrepreneur, one of the best in the world.'...The headline-grabbing topic was Ma's vow to create 1 million American jobs over the next five years...this was already in the making: Ma unveiled a similar-sounding US job-creation plan in June 2015...Alibaba could definitely benefit from a warmer relationship with the US government. One priority is getting Taobao off the US government's Notorious Markets list; though the list doesn't directly penalize companies, it damages their credibility."
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