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Media Report
June 22 , 2017
  • Reuters reports: "South Korean President Moon Jae-in said on Thursday China should do more to rein in North Korea's nuclear program and he would call on President Xi Jinping to lift measures against South Korean companies taken in retaliation against Seoul's decision to host a U.S. anti-missile defense system. In an interview with Reuters ahead of his trip to Washington next week for a summit with U.S. President Donald Trump, Moon said 'strong' sanctions should be imposed if North Korea tests an intercontinental ballistic missile (ICBM) or conducts a sixth nuclear test. 'It must be sufficiently strong enough that it would prevent North Korea from making any additional provocations, and also strong enough that it will make North Korea realize that they are going down the wrong path,' Moon said. The comments mark the toughest warning yet by the liberal former human rights lawyer, who was elected in May after campaigning for a more moderate approach to the North and engaging the reclusive country in dialogue. As a candidate, he said, sanctions alone have failed to impede Pyongyang's defiant pursuit of nuclear weapons and ballistic missiles. North Korea will acquire the technology to deploy a nuclear-tipped ballistic missile capable of hitting the mainland United States 'in the not too distant future,' Moon said."
  • USA Today reports: "The once-closed door to China's stock market has been cracked opened a wee bit more. American  investors will soon have a new way to gain exposure to a limited number of home-grown stocks in mainland China, and tap the potential growth of  the world's second-biggest economy. MSCI, a leading global index provider, will now include 222 Chinese stocks, called 'A shares,' in its popular emerging-markets stock index, which financial companies have an estimated $1.6 trillion riding on. Owning a piece of domestic companies in China, home to the world's second-largest stock market, will be possible this time next year through mutual funds that are run by managers or index funds and ETFs that track the MSCI Emerging Markets Index. By adding 'A shares' to the index, an estimated $10 billion in new cash is seen flowing into Chinese stocks, according to Edmund Harriss, manager of Guinness Atkinson's China & Hong Kong Fund. Harriss emphasized that MSCI's decision reflects China's mounting clout in the financial world. But he cautioned that China is still far from being a free, open stock market that investors from outside the country can access in its entirety."
  • The Washington Post comments: "On Tuesday, President Trump tweeted about North Korea and generated the usual round of mockery and contempt. 'While I greatly appreciate the efforts of President Xi & China to help with North Korea,' the president said, 'it has not worked out. At least I know China tried!' Four minutes later, the New York Times's Alex Burns quoted Trump's tweet and remarked, 'Incredible statement, considering Trump's whole North Korea policy during the campaign was: a strong POTUS could make China fix it fast.' Contradiction duly noted...You might fairly attribute what I'm about to say to sheer perversity — I tend to side with the guy everyone says is an idiot — but I regard Trump's tweet as a little rhetorical masterpiece. On its surface, the tweet is a polite trifle. You guys did your best, Xi. Thanks for trying. Better luck next time! The context, though, is the North Korean regime's kidnapping and murder of an American citizen, and so its past tense suggests an ominous note: China tried, but it has not worked out. What now? Something important, apparently. But Trump doesn't say....makes you think that he and his advisers are formulating a strategy to deal with North Korea. Or at any rate that Trump is more interested in planning a response than in expressing one. If I were China, I would be getting off my ass right about now."
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