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Media Report
January 15 , 2017
  • Reuters reports that China's economy will face more pressure and problems in 2017, with changes in global politics and challenges to economic rules adding further uncertainty to the outlook, Premier Li Keqiang has said.At a meeting held in Beijing on Friday, Li said China will ensure the nation's economy runs smoothly and will improve the quality and efficiency of growth, according to a statement published on the government's website on Sunday.Global investors are debating whether China's leaders will accept more modest growth this year, amid concerns about risks arising from years of debt-fueled stimulus driven by a political obsession with meeting official targets. Economic growth could slow to 6.5 percent this year from about 6.7 percent in 2016, a government-run think tank said earlier this month...China's customs agency said on Friday it will be tough for foreign trade to improve this year, especially if the inauguration of U.S. President-elect Donald Trump and other major political changes limit the growth of China's exports due to greater protectionist measures.
  • AFP reports that Beijing on Saturday warned the US that the One China policy was non-negotiable, after Donald Trump suggested he could abandon the decades-old diplomatic principle and boost ties with Taiwan. "It is not up for negotiation," Chinese Foreign Ministry spokesman Lu Kang said in a statement. "There is only one China in the world, Taiwan is an inalienable region of China, and the government of the People's Republic of China is the only legitimate government representing China." Trump has threatened to get tough with what he sees as unfair Chinese trade practices, and suggested that the One China policy could become a bargaining chip. "Everything is under negotiation, including One China," he told the Wall Street Journal in an interview published Friday. Trump has already irked China by accepting a congratulatory phone call from Taiwan President Tsai Ing-Wen after he won the presidential election, upending decades of diplomatic precedent in which the White House has foregone direct communication with the leader of Taiwan.

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