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February 16 , 2017
  • Quartz：How Americans and Chinese view their countries and each other, in three charts
    Quartz comments: "Americans have become more negative toward China, and they're increasingly anxious about the US's power in the world. The two concurrent trends, according to Pew Research surveys conducted over the past decade, are summarized by the Washington DC-based think tank in a report published last week. During the period, American hostility toward China surpassed Chinese hostility toward the US, Pew said. In 2016, 55% of Americans held an unfavorable opinion of their biggest Asian rival, compared with 44% of Chinese who felt the same about the US. Meanwhile, more Americans now believe US power is waning. In 2016, 46% of the American public said the US plays a less important and powerful role as a world leader compared with 10 years ago. The figure was up from 20% in 2004, according to the report. When it comes to the global balance of power, two-thirds of Chinese said in 2015 that their country would eventually replace the US—or has already replaced it—as the world's leading power, according to Pew. Americans were split—but more pessimistic—when asked the same question. In 2015, about half of Americans believed China would never replace the US as the top global power. By contrast, in 2009, 57% of Americans thought that scenario would never happen."
  • Bloomberg：Goldman Sees Metal Rally in Sight on Rerun of '08 China Stimulus
    Bloomberg reports: "A rerun of China's massive stimulus during the financial crisis is set to offer another boost to global metals prices, according to Goldman Sachs Group Inc. Strong credit expansion has 'remarkably bullish' implications for the nation's metals-intensive industries as fixed-asset investment and manufacturing are poised to accelerate, the bank said in a report. New lending to the so-called old economy in December and January jumped by 1.1 trillion yuan ($160 billion) from a year earlier, equivalent to more than one and a half years of U.S. President Donald Trump's mooted infrastructure package, it said. Industrial commodities have enjoyed a rebound in the past year on improved demand from property and infrastructure in China, the world's top metals user. The benchmark copper price in London is up 32 percent from a year ago, while iron ore has nearly doubled. This time last year, the Chinese government embarked on a massive credit-driven stimulus in response to an economic slowdown, boosting credit at a pace not seen since the 2009 financial crisis. 'The resulting acceleration in metals demand is expected to push the copper market, as well as other base metal markets such as nickel and zinc, into deficit, leading to inventory draws, a tightening of the futures curve spreads, and higher prices,' the bank's analysts including Mikhail Sprogis and Jeffrey Currie wrote in the note dated Feb. 16."
  • The Atlantic：China's Artificial-Intelligence Boom
    The Atlantic comments: "Each winter, hundreds of AI researchers from around the world convene at the annual meeting of the Association of the Advancement of Artificial Intelligence. Last year, a minor crisis erupted over the schedule, when AAAI announced that 2017's meeting would take place in New Orleans in late January. The location was fine. The dates happened to conflict with Chinese New Year...The 2017 AAAI meeting—which ultimately relocated to San Francisco—wrapped up just last week. And as expected, Chinese researchers had a strong showing in the historically U.S.-dominated conference. A nearly equal number of accepted papers came from researchers based in China and the U.S. "This is pretty surprising and impressive given how different it was even three, four years back," says Rao...China's rapid rise up the ranks of AI research has people taking notice. In October, the Obama White House released a "strategic plan" for AI research, which noted that the U.S. no longer leads the world in journal articles on "deep learning," a particularly hot subset of AI research right now. The country that had overtaken the U.S.? China, of course."
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