Media Report
BBC reports: "Blocking China from islands it has built in contested waters would lead to 'devastating confrontation', Chinese state media have warned. The angry response came after secretary of state nominee Rex Tillerson said the US should deny Beijing access to new islands in the South China Sea. Two state-run papers carry editorials strongly criticising his comments. The hawkish Global Times tabloid warned that any such action would lead to 'a large-scale war'...Speaking at his confirmation hearing on Wednesday, Mr Tillerson likened China's island-building to Russia's annexation of Crimea from Ukraine. 'We're going to have to send China a clear signal that first, the island-building stops and second, your access to those islands also is not going to be allowed.' China's official response, from foreign ministry spokesman Lu Kang, was muted. China had the right to conduct 'normal activities' in its own territory, he said.Asked specifically about the remark on blocking access, he said he would not respond to hypothetical questions."
- The Washington Post comments: "Donald Trump has perhaps attacked no country as consistently as China. During his campaign, he thundered that China was 'raping' the United States, 'killing' us on trade and artificially depressing its currency to make its goods cheap. Since being elected, he has spoken to the leader of Taiwan and continued the bellicosity toward Beijing. So it was a surprise to me, on a recent trip to Beijing, to find Chinese elites relatively sanguine about Trump. It says something about their view of Trump, but perhaps more about how they see their own country. 'Trump is a negotiator, and the rhetoric is all part of his opening bid,' said a Chinese scholar, who would not agree to be named (as was true of most policymakers and experts I spoke with). 'He likes to make deals,' the scholar continued, 'and we are good dealmakers as well. There are several agreements we could make on trade.' As one official noted to me, Beijing could simply agree with Trump that it is indeed a 'currency manipulator' — although it has actually been trying to prop up the yuan over the past two years. After such an admission, market forces would likely make the currency drop in value, lowering the price of Chinese goods."
- The Wall Street Journal reports: "China's direct investment overseas is likely to decline this year, according to a government think tank, reversing nearly a decade and a half of rapid increases that fueled global booms in infrastructure and real estate from Africa to Australia. Greater scrutiny of outbound deals by the government and the prospect of tougher trade measures in the U.S. and other countries are likely to deliver a hit to Chinese investments in foreign plants, resources, real estate and other physical assets, said economists at the Chinese Academy of Social Sciences...For this year, 'we're still seeing strong desire by companies to invest in foreign markets,' said Zhang Ming, a senior member of a team of economists at the think tank that produced an analysis of China's foreign investment. 'But a combination of tighter domestic policies and heightened political risks overseas mean outbound investments for 2017 would be lower than the level in 2016.' Mr. Zhang estimates that total Chinese direct investments will drop to the level seen in 2015, at about $118 billion, the first time outbound Chinese investment exceeded foreign direct investment in China."
Calendar
- 2017-01-12 Trump Nominee’s Proposal to Block China From Islands Sets Off Alarms
- 2017-01-11 A New Way to Hold the U.S.-China Relationship Together
- 2017-01-10 China Joins Davos as Trump Presidency Vies for Spotlight
- 2017-01-09 Alibaba's Jack Ma met with Trump to talk jobs
- 2017-01-08 China capital controls help slow cash outflows
- 2017-01-06 China Doubles Down on Defending Its Currency
- 2017-01-05 China to invest £292bn in renewable power by 2020
- 2017-01-04 With Choice of Trade Negotiator, Trump Prepares to Confront Mexico and China
- 2017-01-03 Wilbur Ross’s Chinese Love Affair
- 2017-01-02 Surge in Chinese corporate investment into the US
News
- BBC South China Sea: China media warn US over 'confrontation'
- The New York Times Chinese State Media Denounce Rex Tillerson's Call to Block Island Access
- NPR Read The Smog-Inspired Poem That China Can't Stop Talking About
- Al Jazeera Burmese 'stopped from seeking shelter' in China: NGO
- Reuters China, Russia agree on more 'countermeasures' against U.S. anti-missile system: Xinhua
- The Wall Street Journal China Overseas Investment Spree Set to Run Out of Steam
- Bloomberg Thirty-Two Tons a Second Shows China's Record Iron Appetite
- The New York Times Trump's Pick on Trade Could Put China in a Difficult Spot
- The Guardian Trump risks 'war' with Beijing if US blocks access to South China Sea, state media warns
- The Wall Street Journal China December Exports Tumble More Sharply Than E
- Bloomberg China Creates Agriculture Giant With Grain, Cotton Merger
- Reuters China slap at yuan shorts barely tickled bigger bears
- USA Today Stocks rise as Dow moves back up towards 20,000
Commentary
- The Washington Post: Opinions Trump could be the best thing that's happened to China in a long time
- The National Interest China and the Perils of Improvisation
- The New York Times: Sinosphere China Says It Will Ban Abuse of Children at Internet Detox Camps
- TIME Chinese Media Has Told Rex Tillerson to 'Prepare for a Military Clash'
- Forbes Chinese Currency Manipulation Could Become A Global Problem in 2017
- Paulson Institute Flying High and Flying Blind: How One Chinese Buyout of a US Aviation Firm Soared While Another Crashed
- The Diplomat Will China Now Boost Malaysia's New Counterterrorism Center?