Language : English 简体 繁體
Go

Search

简体 繁體

Foreign Policy Economy Environment Security Society & Culture Pacific Dialogue Magazine Videos
Media Report
June 07 , 2017
  • The Wall Street Journal：China Criticizes Pentagon Report, Laments U.S. 'Cold War Mentality'
    The Wall Street Journal reports: "China pushed back against a Pentagon warning about the Chinese military's growing ambitions outside Asia, calling the U.S. report 'irresponsible' and saying China's defense policy was aimed at safeguarding its sovereignty. In a new report on the Chinese military published Tuesday, the U.S. Defense Department said China's military, the People's Liberation Army, was likely to try to expand its operations outside the region, while strengthening its ability to defend expansive territorial claims closer to home. 'China's defense is for safeguarding China's independence, sovereignty and territorial integrity,' Chinese Foreign Ministry spokeswoman Hua Chunying said at a regular press briefing Tuesday. Criticizing the U.S. for maintaining a 'Cold War mentality,' Ms. Hua said the Pentagon report was written 'without regard for the facts.' In a statement released late Wednesday, Chinese Defense Ministry spokesman Wu Qian said that the country's military development was reasonable in scope and that criticisms in the report were 'based purely on speculation.' He said the PLA 'isn't pushing for military expansion, and isn't seeking a sphere of influence.' The report, an assessment of China's military capabilities the Pentagon is required to submit to Congress annually, noted the PLA's construction of a military base in Djibouti, its first overseas outpost, and said it expected China to seek to build bases in other friendly countries, including Pakistan."
  • Bloomberg：Chinese Giants Are Taking Over Hong Kong
    Bloomberg reports: "What a difference 20 years makes. Back when Hong Kong reverted to Chinese sovereignty in 1997, the British colony's economy was dominated by homegrown tycoons such as Li Ka-shing and colonial-era conglomerates such as Jardine Matheson Holdings Ltd., whose influence dates back to the Opium Wars. Now, in 2017, a new sheriff is coming to town, so to speak. While Li and his peers are still big, the influence of local tycoons in parts of Hong Kong's economy is waning while that of mainland Chinese companies is surging—especially in finance, real estate and telecommunications. China's prevalence continues to grow in other sectors as well...In a city where financial services make up almost 18 percent of the economy, Chinese companies are now everywhere. From not even appearing on the list of top 10 arrangers of initial public offerings back in 1997, the likes of China Construction Bank Corp. and Haitong Securities Co. now dominate as sponsors in Hong Kong's market, one of the world's biggest. About $5 billion of funds were raised from IPOs in the city so far this year...Chinese developers, including HNA Group Co. and Logan Property Holdings Co., have outbid local contenders for expensive land for development, snapping up all HK$37 billion worth of government land sold for residential development this year. Local developers? Zero...Now, virtually all new listings on Hong Kong's exchange are of China-origin companies...'To local tycoons, it's not a question of maintaining their position as lead players. It's now about survival,' said Castor Pang, head of research at Core-Pacific Yamaichi International in Hong Kong."
  • Quartz：A key question is at the heart of China's new cybersecurity law: Where should data live?
    Quartz comments: "Last week China's long gestating 2016 Cybersecurity Law finally went into partial implementation. At the draft stage and beyond, the law, ostensibly aimed at preventing cyber snooping and guarding data, has caused chaos and confusion in the foreign business community...One part of the law that has particularly riled foreign tech companies centers around 'data localization' and 'data export'—in other words, where companies can store data and move data...From the perspective of most businesses, regardless of where they are located, the question of 'Where should data live?' has an easy answer: wherever the business wants. It often makes sense for data collected all over the world to be 'centralized' in one location...In China's view, data originating from China ought to be kept inside China's borders because it is not safe elsewhere, period...The American Chamber of Commerce in China writes that despite claims about safeguarding data, 'there is little to prevent security authorities from interpreting the law as providing expansive access to private information, trade secrets, intellectual property, or internal business communications.'...If other authoritarian governments are eager to police the internet but worried foreign companies won't comply, they need only look to China to gain more confidence."
Calendar
News
Commentary
Back to Top
2024 China-United States Exchange Foundation. All rights reserved.