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Media Report
March 16 , 2017
  • Foreign Policy：5 Questions Tillerson Will Have to Answer in Asia
    Foreign Policy comments: "On Wednesday, Rex Tillerson departed for his first trip to Asia as secretary of state. Japanese, South Korean, and Chinese officials and observers will be asking five fundamental questions about the new administration's Asia policy. 1. Will the United States continue to lead in Asia? While the signals coming from the White House on global leadership have not been encouraging, American allies and partners, and for different reasons, China, are asking whether America will maintain its leadership role in Asia...2. Does the Trump administration have a vision for strategic economic engagement in Asia? Central to the question of American leadership is a vision for a prosperous Asia, as economic policy is a critical facet of diplomacy in Asia...3. What is the Trump administration's China policy? Trump has signaled his intention to take a harder line with China. But while the region certainly looks to the United States to take a lead in pushing back on bad Chinese behavior, "standing up to China" is not an end in and of itself...4. Does the Trump administration have a clear strategy for dealing with North Korea?...5. Does the Trump administration have a sensible approach to fractious maritime disputes?"
  • The New York Times：Rex Tillerson, in Japan, Says U.S. Needs 'Different Approach' to North Korea
    The New York Times reports: " At a time of multiplying tensions in Asia, Rex W. Tillerson, the American secretary of state, began his first major foreign trip in Japan and said on Thursday that the United States needed a 'different approach' to North Korea's escalating nuclear threat, though he declined to give specifics...'Part of the purpose of my visit to the region is to exchange views on a new approach,' Mr. Tillerson added, saying he would highlight the issue in Seoul and Beijing, the next stops on his trip...The secretary's trip, which will also include stops in Seoul and Beijing, comes as the region is grappling not only with the North Korean threat, but also with increased tensions between China and South Korea, where the United States is deploying a missile defense system that China vigorously opposes. China is also pushing its territorial claims in the South China Sea and East China Sea...'It's pretty clear that there's a perfect storm brewing for mischief in East Asia right now,' said Richard Samuels, a Japan specialist and the director of the Center for International Studies at the Massachusetts Institute of Technology."
  • The Financial Times：China raises money market rates after Fed move
    The Financial Times reports: "China's central bank has followed the Federal Reserve by raising domestic money market rates in a move that shows how its efforts to curb capital outflows could produce tighter conditions in its own economy. Analysts said the move on Thursday by People's Bank of China was triggered by the Federal Reserve's decision the day before to raise interest rates by another quarter-point — its second such tightening in three months...Thursday's move lifted seven, 14 and 28-day reverse repo rates by 10 basis points to 2.3 per cent, 2.45 per cent and 2.75 per cent respectively. It was the second such rise this year. The PBoC said in a statement that the decision to lift the rates 'mainly reflects recent changes in external and domestic factors influencing market supply and demand' and was 'not at all a rate rise' in the sense of monetary policy...'The risk is that tightened wholesale funding conditions and financial regulation will have a big impact on regional banks, which have relied heavily on wholesale funding to support rapid expansion in their balance sheets,' said Haibin Zhu, chief China economist at JPMorgan, who warned that could lower the credit available to the wider economy."
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