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Media Report
May 09 , 2017
  • The Associate Press reports: "A Senate panel on Tuesday easily approved Iowa Gov. Terry Branstad's nomination to be the U.S. ambassador to China, a move that all but assures full Senate confirmation of President Donald Trump's pick for the key diplomatic post. Members of the Foreign Relations Committee approved Branstad by voice vote. Sen. Ben Cardin of Maryland, the committee's top Democrat, described Branstad as 'fully qualified' for the job at a time when the Trump administration is pushing the Chinese to act more aggressively to defuse North Korea's nuclear weapons program. During his confirmation hearing last week, Branstad pledged to confront Beijing on a range of thorny subjects, including human rights and trade. Branstad told senators he plans to leverage his decades-long relationship with Chinese President Xi Jinping to advance U.S. and international interests. The two met in 1985 when Xi, at the time a provincial official, led an agricultural trade delegation to Iowa. Branstad said North Korea's push for a weapon of mass destruction is a 'threat to all of humankind.' He said recent events, which include missile tests by Pyongyang, should prompt China to take the threat more seriously. He also said he expects China to become more engaged because of concerns that North Korean refugees may flood China if the crisis on the Korean Peninsula escalates further."
  • Bloomberg reports: "When Jared Kushner's sister took the stage in two Chinese ballrooms over the weekend to urge investors to fund a New Jersey development through a controversial visa program, she mentioned her brother's role in the White House and displayed a photo of President Donald Trump. It was a not-so-subtle signal that hers is a family company with connections...The visa program the company is using to partially finance the Jersey City project is known as EB-5 and works like this: In exchange for investing at least $500,000 in a project promising to create jobs, foreigners receive a two-year visa with a good chance of obtaining permanent residency for them and their families. One goal of the program is to spur development in depressed communities. The Government Accountability Office, the investigative arm of Congress, has found that many such projects are in wealthy areas and that the program has insufficient safeguards against fraud and abuse, with some applications containing counterfeit documents."
  • USA Today reports: "North Korea is among the most isolated and sanctioned countries on the planet. And yet it still somehow has enough cash to develop a nuclear weapons arsenal capable of threatening much of the eastern Pacific and, some day, the United States. The reason is simple. The regime of Kim Jong Un continues doing $5.3 billion in business each year — 85% of its trade — with China. Amid rising tensions and the threat of war, the best way to force North Korea to curb its nuclear ambitions is if China brings its considerable economic leverage to bear...The Kim regime has already responded with angry, rhetorical darts in recent days — evidence of just how much clout the Chinese carry. That's a start. But China could also: 


    • Favor a Security Council resolution restricting oil to North Korea, a true lifeline for the hermit kingdom, which has one refinery along the Yalu River border with China. The idea has gained traction within China, where the state-controlled Global Times has urged leaders to take this step should North Korea continue its nuclear or missile testing.
    • Aggressively prosecute Chinese companies that funnel advanced technology for long-range missiles or uranium-enriching centrifuges into Kim's regime. North Korean rocket boosters that fell into the sea after a successful launch last year were scooped up by the South Korean navy and found to contain transmitters, circuity and specialized pressure sensors made by Western countries. They were shipped to North Korea by Chinese distributors, according to a Washington Post report. Eighty percent of foreign goods flowing into North Korea run through Chinese companies. That has to stop. 
    • Crack down on Chinese financial institutions that launder North Korean purchasing money, much of it illegally acquired through drug dealing, counterfeiting and arms sales."


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