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Media Report
March 29 , 2017
  • The New York Times reports: "For years, the Obama administration prodded, cajoled and beseeched China to make commitments to limit the use of fossil fuels to try to slow the global effects of climate change...In the coming years, the opposite dynamic is poised to play out. President Trump's signing of an executive order on Tuesday aimed at undoing many of the Obama administration's climate change policies flips the roles of the two powers...'They've set the direction they intend to go in the next five years,' Barbara Finamore, a senior lawyer and Asia director at the Natural Resources Defense Council, based in New York, said of China. 'It's clear they intend to double down on bringing down their reliance on coal and increasing their use of renewable energy.' 'China wants to take over the role of the U.S. as a climate leader, and they've baked it into their five-year plans,' she added, referring to the economic development blueprints drawn up by the Chinese government...The biggest rhetorical turning point came in January, when Xi Jinping, China's president, said at the World Economic Forum in Davos, Switzerland, that the Paris Agreement was 'hard won' and should remain in force."
  • The Miami Herald reports: "Chinese President Xi Jinping will meet with President Donald Trump the first full week of April, a senior State Department official said Tuesday. The first in-person encounter between the leaders comes after Trump sharply criticized China during the presidential campaign. But he is now seeking Beijing's help in pressuring North Korea over its nuclear weapons and missile programs. Trump and Xi also are likely to discuss the U.S. president's threats to counter what he claims are unfair Chinese trade practices. Trump has promised to raise import taxes on Chinese goods and declare Beijing a currency manipulator. It's unclear if Trump will follow on either threat while seeking China's cooperation on North Korea. Though the White House hasn't formally announced Xi's visit, the leaders are expected to gather at Trump's Mar-a-Lago resort in Florida — where Trump hosted Japanese Prime Minister Shinzo Abe in February. The State Department official confirmed the timing of Xi's trip while discussing Secretary of State Rex Tillerson's upcoming travel plans."
  • BBC reports that the company owned by the family of US President Donald Trump's son-in-law, Jared Kushner, has ended talks with a Chinese firm over a major redevelopment project in New York City. A Kushner Companies spokesperson told the BBC that it and Anbang Insurance Group have "mutually agreed to end talks" over 666 Fifth Avenue. The potential deal had raised questions about a conflict of interest. Mr Kushner plays an influential role at the White House. The potential $4bn (£3.2bn) investment deal would have netted Kushner Companies more than $400m, Bloomberg had earlier reported. Some real estate experts were said to have considered the terms of such a transaction unusually favourable for the US company.


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