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Media Report
June 19 , 2017
  • Reuters：China, Russia held navy drill on Sunday: Xinhua
    Reuters reports that a Chinese naval fleet held a scheduled military exercise with the Russian navy in St. Petersburg and Kaliningrad on Sunday in the first of planned exercises this year to strengthen their cooperation, state news agency Xinhua reported. The "Joint Sea-2017" exercise follows similar ones held last year, and more exercises will be held in late July in the Baltic Sea, and in mid-September in the Sea of Japan and the Sea of Okhotsk, it added.The Chinese fleet, which sailed out from Hainan province in southern China, consisted of the missile destroyer Changsha, missile frigate Yuncheng, a comprehensive supply ship, ship-borne helicopters and marines, it said.China and Russia are veto-wielding members of the U.N. Security Council, and have held similar views on many major issues such as the crisis in Syria, often putting them at odds with the United States and Western Europe.They have previously held naval drills in the fiercely-contested South China Sea which China, Brunei, Malaysia, the Philippines, Taiwan and Vietnam have rival claims over. Xinhua said the theme of this year's drills was "joint rescue and protection of maritime economic activities".
  • The National Interest：Why America Must Participate in China's Belt and Road Initiative
    The National Interest comments, "Being involved at the nascent stage of the Belt and Road Initiative is crucial because this type of rules, norms and structures of organizations and networks tend to persist in their original forms. The founder's imprint is long lasting, and outsiders seeking to influence developments at a later stage often fail. The sheer size of the BRI makes this worthwhile consideration: The project may become the world's largest platform for international economic cooperation, serving over 65 percent of the world's population and covering a quarter of global flows of goods and services."
  • The New York Times：Some Global Investors See Fresh Worries in an Old Problem: China
    "Two years after China first set off investor alarm bells worldwide with a stock market crash, a slumping currency and concerns over rising debt, many investors have put those concerns out of mind. Shares of Chinese companies traded in Hong Kong and other places outside the mainland have surged to their highest levels since the crash, beating markets in other developing countries, as investors embrace China's thriving technology and consumer scenes. Even in China, where the long-downtrodden domestic stock market still suffers from investor skepticism and government meddling, local shares enjoyed a run-up for much of this year before falling back recently," reports The New York Times. 
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