Media Report
- CNBC reports: "Soaring debt levels in China were a serious concern as the fallout of any crisis would hit everyone else, said a former International Monetary Fund (IMF) economist on Thursday. 'If there's a country in the world which is really going to affect everyone else and which is vulnerable, it's got to be China today,' Kenneth Rogoff, economics professor at Harvard University, told CNBC's "Squawk Box" on Thursday. 'The whole region's dependent on China... so I certainly think you could see (the export of) a recession out of China,' added Rogoff, who was chief economist and research director at the International Monetary Fund from 2001 to 2003. His comments came as the world second-largest economy grapples with growing pains, while trying to rein in high debt levels."
- ABC News reports: "U.S. President Donald Trump's hopes for China's help with restraining North Korea appear to have gone nowhere, with the two sides growing further apart as their approaches and concerns diverge. China shows no sign of caving to U.S. pressure to tighten the screws on North Korea, while the North's recent missile tests have done little to rattle Beijing, in contrast to the anxiety sparked in Washington. China's bottom line continues to hold fast: No to any measures that might topple Kim Jong Un's hard-line communist regime... Trump seemed to think he'd found a partner on North Korea in Chinese President Xi Jinping following their April summit in Florida. Yet, North Korea continued to test missiles and China continued to keep open, and even expand, economic channels with the North. By this week, the bloom was well and truly off the rose. "Perhaps China will put a heavy move on North Korea and end this nonsense once and for all!" Trump tweeted on Tuesday, as if still holding out for a Hail Mary from Beijing... Where persuasion hasn't worked, Trump's administration has turned to threats. Washington's U.N. ambassador Nikki Haley warned Wednesday that China's trade with the U.S. could suffer if it didn't help following North Korea's successful launch of its first intercontinental ballistic missile. Haley said that "much of the burden of enforcing U.N. sanctions rests with China," which accounts for 90 percent of trade with North Korea."
- New York Times comments: "Xi Jinping, China's leader, is known as the Chairman of Everything. He makes decisions daily on the economy, the military, foreign policy, human rights and more. Yet on North Korea he is stuck. A strongman who usually acts with precision and boldness, Mr. Xi has been reluctant to take on the North's leader, Kim Jong-un, ostensibly a Chinese ally, whom he privately disparages to Western leaders as young and reckless. The July 4 test of the North's first intercontinental ballistic missile has raised the question of what is China's red line for its ally, and whether the test will force Mr. Xi to act decisively against North Korea as the Trump administration is asking him to do. The answer? He will probably do little, if anything. As much as Mr. Xi disapproves of North Korea's nuclear program, he fears even more the end of Mr. Kim's regime, a unified Korea with American troops on his border and a flood of refugees from the North into China. And despite North Korea's missile advancement on Tuesday, Mr. Xi still has some breathing room."
Calendar
- 2017-07-05 After North Korea missile, Trump tweets: 'So much for China working with us'
- 2017-07-04 US confirms ICBM was tested by North Korea as Russia and China play peacekeepers
- 2017-07-03 China's Bond Market Is Attractive for the Wary
- 2017-07-02 South China Sea: US warship sails close to disputed island
- 2017-06-30 U.S. Imposes New Sanctions Over North Korea Ties
- 2017-06-30 U.S. Imposes New Sanctions Over North Korea Ties
- 2017-06-29 China Tells U.S. Senate to Keep Its Nose Out of Taiwan
- 2017-06-28 Soybean Diplomacy: New U.S. Ambassador to China Touts Agricultural Trade
- 2017-06-27 China And The U.S. Are Cooling Their Cooperation To Curb North Korea
- 2017-06-27 China And The U.S. Are Cooling Their Cooperation To Curb North Korea
News
- ABC News US-China gap on N. Korea policy widening as interests diverge
- CNBC China could export a recession to everyone else, says ex-IMF chief economist Kenneth Rogoff
- New York Times China Sees Opening Left by Trump in Europe, and Quietly Steps In
- The Washington Post U.S. diplomat blasts China and Russia for 'holding the hands' of North Korea
- TIME The U.S. Is Weighing Sanctions Against Chinese Companies to Punish North Korea
- Los Angeles Times Health of Chinese Nobel peace laureate Liu Xiaobo worsens, hospital says
- NPR What China Can Do To Change North Korea
- USA Today China's growing ambitions in Malaysia raise questions about Beijing's true motive
- CNN How Russia and China are bonding against the US
- The Washington Post China demands India leave Himalayan plateau in rising spat
- CNBC Virgin Australia CEO John Borghetti: China is the future for us
- Quartz After ISIS kills Chinese citizens in Pakistan, Beijing bizarrely blames the victims
Commentary
- The New York Times China's Strongman Has a Weak Point: North Korea
- Slate Trump Is Shocked to Discover That China Won't Do His Bidding Against North Korea
- The National Interest Did China Just Create the "Holy Grail" Of Submarine Technologies?
- New York Times At the Movies in China, Some Propaganda With Your Popcorn
- Foreign Policy Haley Threatens "Full Range" of U.S. Responses to North Korean Missile
- The Washington Post Trump's tweets have suddenly grown a lot more dangerous
- Forbes Why China's Moviegoers Have Gone Insane for India