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Media Report
July 13 , 2017
  • CNBC reports: "China reported better-than-expected trade figures for the month of June as a recovery in global demand spurred exports. In June, exports from the world's second largest economy posted a 11.3 percent increase from a year ago and a 17.2 percent rise in imports over the same period in dollar terms, Reuters reported citing China's General Administration of Customs. That left China with the a trade balance of $42.77 billion for the month, higher than a Reuters poll forecast of $42.44 billion. Analysts polled by Reuters had expected exports to rise 8.7 percent while imports were predicted to rise 13.1 percent. Data from China is closely watched by investors amid concerns about a slowdown in growth and a rise in debt levels in the country. The positive trade data in June came after China reported stronger-than-anticipated exports and imports a month ago. Imports have been strong in recent months, driven largely by iron ore and other commodities used to feed a year-long construction boom, while exports have rebounded thanks to stronger global demand after several years of contraction. 'Looking ahead, we expect export growth to slow on uncertainties in external demand due to rising geopolitical risks and the stronger CNY/USD exchange rate in the first half of 2017,' Nomura analysts wrote in a note after the data release."
  • The New York Times comments: "At an ocean research center on Hainan Island off China's southern coast, officials routinely usher visitors into a darkened screening room to watch a lavishly produced People's Liberation Army video about China's ambitions to reassert itself as a great maritime power. As enormous, new naval vessels plow through high seas, a deep male voice intones: "China's oceanic and overseas interests are developing rapidly. Our land is vast, but we will not yield a single inch to foreigners." The 2015 video is one of many signs that China is seeking to emulate the United States' 19th-century policy of taking exclusive control of security in the Western Hemisphere by excluding foreign powers from the region. Without officially saying so, China hopes to impose a modern version of the Monroe Doctrine on its surrounding oceans... What China's leaders have said amounts to easily decipherable code language for their own version of this policy. On the one hand, they say Asia should be governed by Asians. On the other hand, they say that since time immemorial the South China Sea has belonged to and has been controlled by China. This means that "outside" powers should butt out, leaving China with its disproportionate size, wealth and might to reign supreme over its entire neighborhood."

  • CNN reports: "Liu Xiaobo, a Nobel Peace Prize-winning Chinese dissident, has died, local authorities said in a statement Thursday. He was 61. Liu had been suffering from liver cancer and died of multiple organ failure. In June, he was granted medical parole after being diagnosed with liver cancer in prison. The Beijing government refused to let him seek treatment overseas despite Liu's wishes and international pressure. Chinese authorities eventually allowed doctors from Germany and the United States to treat him. Liu spent more than a decade behind bars in China for his advocacy of democracy, including taking part in the 1989 Tiananmen Square protests. His most recent prison sentence stemmed from his co-authorship of Charter 08, a manifesto calling for political reform and human rights in China. Liu was convicted in December 2009 and received a surprisingly harsh 11-year prison term for 'inciting subversion of state power.' Judicial authorities in Shenyang, where Liu was being treated, said he was given emergency treatment beginning Monday after his condition continued to deteriorate."
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