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Media Report
January 25 , 2017
  • The New York Times comments: "President Trump and the Chinese president, Xi Jinping, are in a bind. Mr. Trump's slogan is to 'Make America Great Again,' while Mr. Xi's motto is 'Great Rejuvenation of the Chinese Nation.' The phrases have the same meaning: Each leader suggests his country has declined and claims that he will restore it to the top position in the world. But the triumph of one country is built on the failure of the other. It's a zero-sum game...But while a trade war, military skirmishes in the South China Sea or Taiwan Strait, or other diplomatic crises could cause a hiccup in China's rise, the Trump era will offer plenty of opportunities for Beijing. China has a chance to become a full-fledged superpower if it responds to the Trump presidency by opening up more to the world economically and politically. Mr. Trump's antidemocratic tendencies in the domestic arena, along with his threats to build a wall across America's border with Mexico, offer another opportunity for China in immigration policy...Relations between China and the United States will inevitably deteriorate with Mr. Trump at the helm. The nuclear deterrent should still prevent an all-out war, but confrontation will be the core of these two giants' relationship for the foreseeable future."
  • The Financial Times reports: "China's courts prosecuted fewer officials for corruption for the first time in five years in 2016, marking a substantial shift for President Xi Jinping's high-profile anti-corruption campaign ahead of a period of change for the Chinese Communist party's leadership. The number of officials expelled from the party and handed over to China's courts for prosecution fell more than 20 per cent last year to 11,000, according to figures from the annual work report of Wang Qishan, head of the party's Central Commission for Discipline Inspection and Mr Xi's right-hand man. 'By and large the campaign that we have witnessed against corruption is coming to an end,' said Fu Hualing, a law professor at the University of Hong Kong. 'Now it's really about political discipline.'...The drawdown in prosecutions — the only form of punishment guaranteed to have serious consequences — is being accompanied by an institutional push reflected in plans for a new national anti-corruption commission set to launch next year...'That is the heart and soul of the new commission,' said Prof Fu, 'so whether the institution would have a life of its own we don't know. We need to wait and see.' "
  • Fortune reports: "The European Union urged China on Wednesday to make 'concrete progress' in opening its markets to global investment, after Chinese President Xi Jinping decried protectionism in a speech at the recent World Economic Forum in Davos, Switzerland. 'A speech is a speech and actions are actions,' said Hans Dietmar Schweisgut, EU Ambassador to China, adding that he would be 'surprised' if Xi was unable to translate words into action...So far, the EU has not seen 'sufficient signs that China will be willing to grant reciprocity of market access to European companies,' Schweisgut told reporters in Beijing. In June 2016, the European Chamber of Commerce in China warned that foreign companies face an increasingly hostile environment in China, with fewer than half its members saying they planned to expand operations in the world's second-largest economy. Billionaire investor Wilbur Ross, Trump's choice for commerce secretary, has called China the "most protectionist" country in the world, and said China's officials 'talk much more about free trade than they actually practice.'...When asked whether Europe saw any opportunities in China's warnings of punitive measures against the U.S., Schweisgut said this was 'interesting speculation' but that he did not know enough about Trump's trade policy plans to comment."
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