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Media Report
June 16 , 2017
  • The New York Times：As Trump Bets on China's Help on North Korea, Aides Ask: Is It Worth It?
    The New York Times reports: "There is no foreign leader on whom President Trump has placed a bigger bet than Xi Jinping of China...But a growing number of Mr. Trump's aides fear that the bet is not paying off. China has not significantly tightened the pressure on North Korea since Mr. Trump met with Mr. Xi in Palm Beach, Fla., in April. Its failure to do more has frustrated White House officials, who plan to raise the issue with their Chinese counterparts at a high-level meeting here on June 21. China's reluctance to exert its influence in this regard has left the Trump administration with few good options in dealing with the North Korea crisis. And it may lead the administration to try to negotiate with North Korea's leaders, an approach that did not work for Mr. Trump's predecessors but which he has periodically seemed to embrace...'There is a perception that the Chinese played to his vanity and fleeced him,' said Christopher R. Hill, a special envoy on North Korea during the George W. Bush administration. 'It puts him in an awkward position. My sense is they know that calculation and want to deliver on it.' "
  • The Miami Herald：Chinese court sentences fugitive tycoon's staff to prison
    The Miami Herald reports: "A court in northern China on Friday sentenced three employees working for fugitive real estate billionaire Guo Wengui, who has been locked in a high-stakes political feud with the ruling Communist Party. The Dalian Xigang People's Court announced prison terms of less than three years for the employees who prosecutors said were ordered by Guo to falsify financial documents to obtain loans from a state bank. Two of the employees received suspended sentences, meaning they may not serve additional time behind bars, while Guo's development firm Beijing Pangu Investment Co. was also fined $36 million. The case did not name Guo as a defendant but Chinese authorities have been ramping up pressure against the fugitive tycoon, who has vowed to expose sensitive information concerning top party officials unless the government frees his employees and family members held in China...Guo told the AP recently that his primary objective was to secure the release of his family and employees and to unfreeze his assets in China — not to wage a campaign to undermine the Communist Party."
  • Forbes：How China, Not Obama, Waged The War On Coal
    Forbes comments: "Global coal production is down record amounts thanks largely to China, BP's chief economist said Thursday, and coal's probably not coming back. 'I think we are seeing a significant and decisive shift in coal, a break from the past in terms of coal,' said BP Group Chief Economist Spencer Dale at a Washington D.C. forum sponsored by the Atlantic Council on Global Affairs. 'Many of the factors driving that—the key, the heart of that shift—are structural, long-term factors: the growing competitiveness of natural gas and renewable energy combined with mounting government and societal pressure to move towards cleaner, lower-carbon fuels.' That pressure has been strongest in China, he said. Chinese coal production has declined for three consecutive years, coinciding with the slowing of industrial growth, but according to BP's Statistical Review of World Energy 2017, released this week, it has never declined more than it did in 2016. At the beginning of 2016 China enacted a series of policies designed to reduce a supply glut, including closing 1,000 mines and restricting mining days to improve the profitability of the ones that remained open. 'The impact of these measures was really stark,' Dale said, calling it a 'magnificent policy.' "
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