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Media Report
May 02 , 2017
  • The Associated Press：China: US, N. Korea should establish contact, defuse crisis
    The Associated Press reports: "China urged the United States and North Korea on Tuesday to make contact 'as soon as possible' and ease tensions amid rising belligerence from the two sides over the North's nuclear weapons program. The call for negotiations from China's Foreign Ministry came after President Donald Trump opened the door to a possible future meeting with North Korea's Kim Jong Un. Trump told Bloomberg News during an interview that he would be honored to meet with Kim at an unspecified future date 'if it would be appropriate.' In response, Chinese Foreign Ministry spokesman Geng Shuang said Washington and Pyongyang need to take concrete steps toward peace and avoid further escalating a crisis that has quickly spiraled into a top global security concern...Across the border, South Korea on Tuesday said a U.S.-sponsored missile defense system is now operational — over China's strong objections. U.S. and South Korean troops conducted joint exercises last month along the North's border. Against that backdrop, Geng said China has taken note of the more diplomatic messages sent by the Trump administration and considers them constructive. 'Both sides should reach a political resolution as soon as possible,' Geng said. 'The most effective way of attaining an improvement is to seek ways to re-establish dialogue and contact.' "
  • The Wall Street Journal：China Keeps a Wary Eye on Trump's Tax-Cut Plan
    The Wall Street Journal reports: "U.S. President Donald Trump's plan to slash business taxes is having a domino effect on a major American economic competitor: China. Like Mr. Trump, many Chinese executives say corporate taxes are too high, with some calling it the 'death tax.' 'We pay a lot to feed the civil servants,' said Zhou Dewen, director of the Zhejiang Private Investment Enterprise Association, a business lobbying group. China has tried for years to reduce business costs. Now, Chinese officials and executives worry that the tax proposal Mr. Trump announced last week will set back China's global competitiveness and spur companies to invest in America instead of China. In anticipation of the U.S. tax move, the State Council, China's cabinet, said earlier this month the government will reduce corporate taxes by over $55 billion to 'improve business conditions.' The Communist Party's newspaper, People's Daily, warned on Friday that the new U.S. plan could trigger a 'tax war' if countries start competing to offer the lowest rates. Despite China's reputation as an export and manufacturing juggernaut, rising labor and land costs and slowing economic growth are eroding its edge. Officials and businesses seek lowering taxes as key to countering that trend. 'China is losing its competitive advantage,' said Liu Huan, a professor of the Central University of Finance and Economics and an adviser to the State Council. 'There is no dispute now that Chinese companies' tax burdens are relatively large.' "
  • The Diplomat：US China Envoy Likely to See Responsibilities Grow Asia-Wide
    The Diplomat comments: "They say 'personnel is policy.' In foreign relations, U.S. President Donald Trump largely has neither. Key national security posts across the government remain empty, and many of the appointments he has made seem as likely to burn out as they do to eventually shape global affairs...As a result, this week the Senate is considering an unlikely heir for Trump's entire foreign policy in Asia: the mild-mannered and mustachioed Iowa Governor Terry Branstad. Branstad is no Washington insider, but is also no lightweight. Though never seriously considered a candidate for higher office, the longtime governor of Iowa has nonetheless successfully overseen the state's growth into an agriculture and manufacturing export power. Branstad's half-dozen trade missions to China have also coincided with deepening commercial and cultural ties between Iowa and the middle kingdom. The state's food exports to China have doubled in three years, with a quarter of all Iowan soybeans now selling to Chinese customers. The Iowa governor has also benefited from a decades-long friendship with Chinese President Xi Jinping, dating back to when the young Xi visited Iowa to study agriculture in the 1980s. While Branstad's nomination may have at first prompted some head-scratching among foreign policy establishment figures, his international economic bona fides have since been broadly accepted."
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