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Media Report
April 06 , 2017
  • Reuters：Signs point away from Trump labelling China currency manipulator
    Reuters reports: "U.S. President Donald Trump looks unlikely to formally declare China a currency manipulator next week just days after meeting Chinese President Xi Jinping, foreign exchange policy experts say, leaving a vocal Trump campaign pledge unmet, at least for now. The U.S. Treasury would have to radically change its definitions of currency manipulation in order to squeeze China into that label for its next report due April 14, said these experts, several of whom contributed to past Treasury analysis of foreign exchange practices. But over time, the Trump administration may consider changes to the Obama administration's currency definitions as the Treasury gains staff. 'It would be hard to come up with a credible standard that would catch China in the net,' said David Dollar, a former U.S. Treasury economic liaison to China who is now a senior fellow at the Washington-based Brookings Institution...The U.S. Treasury says it is 'premature' to comment on the outcome of its currency review and Treasury Secretary Steve Mnuchin has said it will adhere to past practice in its assessment, suggesting that radical changes will not be made in this publication."
  • The Miami Herald：Trump boosts coal as China takes the lead on climate change
    The Miami Herald reports: "For years, cutting carbon emissions to stave off the worst impacts of climate change was routinely near the top of the agenda at talks between the leaders of the United States and China. Not anymore...The Chinese government recently canceled construction of more than 100 new coal-fired power plants and plans to invest at least $360 billion in green energy projects by 2020. It is a building boom expected to create an estimated 13 million jobs. China already leads the world in total installed solar and wind capacity. Trump, who has said global warming is a hoax perpetrated by the Chinese to hurt the U.S. economy, signed an executive order last week that aims to roll back Obama-era policies regulating carbon emissions. He has pledged to reverse decades of decline in coal mining, which now accounts for fewer than 75,000 U.S. jobs. 'Clean energy is the next, largest global market,' said Barbara Finamore, Asia director at the Natural Resources Defense Council, a U.S.-based environmental group. 'The U.S. risks losing out.' "
  • The Wall Street Journal: Opinions：A Resolute Message for China
    The Wall Street Journal comments: "Remembering Mr. Trump's campaign promises, the White House may be tempted to focus the summit on China's many violations of its multilateral trade commitments...But it's even more important that Mr. Trump enter the meeting with a coherent strategic plan to address geopolitical and economic disputes. He should feel no pressure to bridge, let alone resolve, any of them now. He should instead focus on conveying clearly his administration's worldview, which is very different from his predecessor's...Topping the agenda should be North Korea's nuclear-weapons program, the most imminent danger to the U.S. and its allies...Beijing has itself threatened to turn the international waters of the South China Sea into a Chinese lake by building bases on disputed rocks and reefs...China's neighbors, from Japan around to India, are incapable of resisting its power without American help. But while Washington has no appetite for conflict, neither should it simply accept Beijing's adventurism. President Xi must leave Mar-a-Lago with the firm conclusion that he needs to re-calibrate China's geopolitical strategy. That alone would be a significant win for the home team."
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