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Media Report
May 16 , 2017
  • The Washington Post：Security North Korea missile launch tests Trump's China outreach
    The Washington Post reports: "North Korea's launch of a longer-range missile shows advances in its technological capabilities and offers the sternest test yet of President Donald Trump's strategy to work with China to combat the threat. Will China fully enforce global sanctions on North Korea and back tough new penalties? If not, will Trump accept the growing calls from Congress to start targeting Chinese companies that help Pyongyang access international markets, even if that puts U.S.-China ties under new strain? The U.N. Security Council is set to discuss North Korea's latest provocation Tuesday. U.S. Ambassador Nikki Haley raised the possibility of a new set of global economic restrictions for the North, including on oil imports. France and Britain on Monday both publicly supported tougher sanctions. China is feeling increasingly alienated from its wayward North Korean ally and Sunday's headline-grabbing missile launch won't have helped matters...But Trump and Xi may have the most at stake. Beijing is wary of piling on economic pressure that could cause North Korea's collapse, and it wasn't clear Monday if it would support new sanctions. Opposing the North's test, China's Foreign Ministry called on all sides to exercise restraint."
  • The Guardian：EU backs away from trade statement in blow to China's 'modern Silk Road' plan`
    The Guardian reports: "The EU has dealt a blow to Chinese president Xi Jinping's bid to lead a global infrastructure revolution, after its members refused to endorse part of the multibillion-dollar plan because it did not include commitments to social and environmental sustainability and transparency. Xi made his latest bid for global leadership on Monday, telling leaders including Russia's Vladimir Putin and Turkey's Recep Tayyip Erdoğan that the world should reject protectionism, embrace globalisation and pull together like a skein of geese...However, in a snub to Xi's rallying cry for cooperation, the Guardian understands that the EU's 28 member states decided not to support a statement about trade prepared by Beijing to mark the end of the summit. 'We made clear that, for Europe, the Belt and Road initiative can only be a success if it's based on transparency and co-ownership,' said one high-level EU diplomat, who spoke on the condition of anonymity. 'Apparently to Chinese surprise, the EU was united on this.'...The Guardian understands that EU members decided not to support China's trade statement because a series of concerns they had raised with the Chinese government were not incorporated into the draft text."
  • Forbes：Why The China-U.S. Trade Deal Is A Win For Some, But Meaningless For Most
    Forbes comments: "This time—at least superficially—the news is good: Washington and Beijing have agreed to allow full market access for a selection of products and services. All concessions will be implemented by mid-July...But how substantive, really, is this so-called deal? Product-specific cherry-picking won't address the bigger structural impediments to doing business with China Inc. And piecemeal deal-making will have little to no impact on the overall trade environment between both countries, in the absence of well-defined trade standards and rules...Trump's focus on individual products ignores the broader structural issues affecting the majority of U.S.-China trade. This deal doesn't address Chinese technology transfer requirements for U.S. firms or the unfair protection afforded Chinese state-owned companies. There is no consideration for e-commerce and digital trade standards. There are no transparency standards. Presumably Chinese overcapacity in steel and other industries will be dealt with through anti-dumping and countervailing duties. Clearly there will be benefits for selected American and Chinese firms. The deal could even open the door to U.S. firms' greater participation in President Xi Jin Ping's One-Belt-One-Road initiative. It could also pave the way for increased Chinese investment in U.S. infrastructure projects. The coming days and months will reveal a lot."
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