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Media Report
July 12 , 2017
  • CNN reports: "China has dispatched troops to Djibouti in advance of formally establishing the country's first overseas military base.Two Chinese Navy warships left the port of Zhanjiang on Tuesday, taking an undisclosed number of military personnel on the journey across the Indian Ocean. An editorial Wednesday in the state-run Global Times stressed the importance of the new Djibouti facility -- in the strategically located Horn of Africa -- to the Chinese military. 'Certainly this is the People's Liberation Army's first overseas base and we will base troops there. It's not a commercial resupply point... This base can support Chinese Navy to go farther, so it means a lot,' said the paper. The Global Times said the main role of the base would be to support Chinese warships operating in the region in anti-piracy and humanitarian operations. 'It's not about seeking to control the world,' said the editorial. At a regular press briefing Wednesday, Chinese Foreign Ministry spokesman Geng Shuang described the base as part of ongoing efforts to help bring peace and security to the region."
  • The New York Times reports: "Apple has set up its first data center in China, setting the tone for how foreign companies will handle a strict new law requiring them to store Chinese users' information in the country. The center in the southern province of Guizhou, part of a $1 billion investment there, will be operated with a local data management company, Apple said on Wednesday. As is the case with many Chinese laws, the digital security regulations approved last month were vaguely worded, leaving many foreign companies uncertain which parts would be enforced and how. That Apple, easily the most successful foreign technology company in China, is locally hosting data with the help of a Chinese partner suggests that others will most likely have to do the same. Apple said in a statement on Wednesday that the new center would keep 'strong data privacy and security protections in place,' adding that no back doors would be created in its systems."
  • Forbes comments: "India has been on the radar of different international agencies in recent days and has been getting high marks for its reforms and growth prospects—beating China. Country risk monitoring agency Aon, for instance, is optimistic on India's prospects. 'India remains a relative bright spot in the region,' says Aon in its recent Political Risk Newsletter. 'The government is moving towards implementing much-needed reforms and focusing on infrastructure in the current budget... Although it is still well short of a majority, the government should be able to push through key reforms, which could bring some certainty for investors.' Like the loosening of controls on foreign investment, reduction of export-import taxes, and the removal of price controls. Meanwhile, Aon is less optimistic concerning China. 'China's tightening policy is set to be a strain on growth internally and abroad,' says Aon. 'Domestically, the government remains focused on consolidating power; a trend that will persist in 2017 as the 19th National Congress of the Politburo approaches. The emphasis on a short-term growth strategy, including construction, has increased the economy's reliance on credit and, as a consequence, the government is looking to tighten its economy policy. This strategy exposes greater economic volatility for 2017 as debt service costs increase and political grievances rise.'"

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