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Media Report
April 12 , 2017
  • The New York Times：Xi and Trump Discuss Rising Tensions With North Korea
    The New York Times reports: "China's leader, Xi Jinping, and President Trump spoke by phone on Wednesday about the escalating tensions with North Korea as a prominent Chinese state-run newspaper warned the North that it faced a cutoff of vital oil supplies if it dared test a nuclear weapon...During the call, which was initiated by Mr. Trump, Mr. Xi said that the matter should be solved through peaceful means, the state news agency Xinhua reported. Tensions escalated further on Wednesday as reports said the Japanese Navy would join the United States Navy strike group led by the aircraft carrier Carl Vinson in its mission off the Korean coast...North Korea on Saturday is celebrating the 105th anniversary of the birth of Kim Il-sung, the founder of the nation. Its current leader, Kim Jong-un, his grandson, is expected to use the occasion to either stage a nuclear weapons test or conduct a missile test...In an unusually strong editorial, Global Times, a newspaper that sometimes reflects the thinking of China's leadership, said Beijing would support stiffer United Nations sanctions, including 'strictly limiting' oil exports to North Korea should it conduct a nuclear test."
  • Bloomberg View：Why United Won't Lose Altitude in China
    Bloomberg View comments: "By mid-afternoon Tuesday, Chinese online anger at United Airlines was running so hot that the hashtag #UnitedForcesPassengerOffPlane was receiving 20 million views per hour on the Sina Weibo social network...It's little wonder that the outrage earned the attention of United Continental Holdings Inc. shareholders, who drove the company's stock down 4 percent while the hashtag was still atop the rankings. On the surface, the nosedive might seem warranted...But in the medium term, United has less to fear from those millions of irked Chinese netizens than one might think. Remember, United is hardly the first foreign company to spur a nationalist backlash in China...And United enjoys one other key advantage in China: As in the U.S., it faces little competition. Thanks to a series of bilateral agreements between the U.S. and China, U.S. airlines are allowed to make only 140 round-trip flights between China and the U.S. per week"
  • The Financial Times：China's coal-conversion plants surge back to life
    The Financial Times reports: "Water-guzzling coal-conversion projects are springing to life in arid western China, setting the stage for the large-scale deployment of what was previously a niche industry. A three-year downturn in coal prices has revived projects that convert coal to motor fuel, petrochemical feedstock or gas, after many were shelved in 2008 because of concerns about water supply and pollution. Successful development in China opens the door to the export of coal-intensive technologies, undercutting international efforts to limit emissions of carbon and other greenhouse gases. Coal conversion is not only highly polluting, it also consumes large amounts of water...China's coal giants want to promote coal conversion overseas, especially as part of China's "Belt and Road" initiative...Projects that work in China's state-dominated economy may not be practical elsewhere. Coal conversion has become profitable in China because of an unusual combination of low coal prices relative to state-set gas or petrol prices."
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