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Media Report
August 08 , 2017
  • CNBC：China's international trade grows less than expected, surplus with US dips
    CNBC reports: "China on Tuesday reported July exports were up 7.2 percent in dollar terms, while imports were up 11.0 percent in dollar terms. Both were lower than expected. Analysts polled by Reuters expected a 10.9 percent rise in Chinese exports in July from a year ago in dollar terms. July imports were forecast to increase 16.6 percent in dollar terms...The declines can be partly explained, according to Capital Economics China economist Julian Evans-Pritchard, by negative price effects due to cooling producer price inflation. Despite the slowdown in trade growth momentum, China's exports and imports were still registering strong expansion on a year-on-year basis, said Rajiv Biswas, IHS Markit's chief economist for Asia Pacific. China's July trade balance was $46.74 billion while the country's surplus with the U.S. was $25.2 billion. The two countries' trade is closely-watched amid current tensions between the economic giants about trade practices. A month earlier, Chinese customs data has shown China ran a $25.4 billion surplus with the U.S. IHS' Biswas said trade tensions between the U.S. and China have eased after the Chinese cooperated on tougher sanctions on North Korea."
  • Los Angeles Times：China's ready for war ― against the U.S. if necessary
    Los Angeles Times comments: "To mark the 90th birthday of the People's Liberation Army on Aug. 1, China's President Xi Jinping went to the Inner Mongolian steppe to the site where Genghis Khan began his conquest of Eurasia. There, at Zhurihe, he was welcomed by an impressive display of China's martial might: a parade of Chinese troops, tanks, helicopters, aircraft and missiles. But the main course was a massive war game demonstrating the state of China's preparation to "fight and win" future military conflicts. For what war is the PLA preparing? Recent events should make the answer abundantly clear. In July, North Korea conducted two ICBM tests that put the American heartland within reach of its nuclear weapons. In response, the U.S. flew two B-1 bombers over the Korean peninsula to send the message, in the words of Pacific Air Forces commander Gen. Terrence J. O'Shaughnessy, that the U.S. is 'ready to respond with rapid, lethal and overwhelming force at a time and place of our choosing'... Xi's parade, along with recent Chinese military maneuvers, sends an equally unambiguous message: If war breaks out on the Korean peninsula, China is ready to protect its national interests. A major pillar of Xi's program for 'making China great again' is building a modern military fully 'capable of fighting and winning' a 21st century war ― including, if need be, against the United States."
  • CNN：China willing to 'pay a price' for stronger North Korea sanctions
    CNN reports: "China is willing to take the economic hit of greater sanctions on North Korea, a top official said Monday, as Washington continues to pressure Beijing on the issue. 'Given China's traditional economic ties with North Korea, China more than anyone will pay a price for implementing the resolution,' Chinese Foreign Minister Wang Yi said at the ASEAN Regional Forum in the Philippines, according to a statement from the ministry. 'In order to maintain the international nuclear non-proliferation system and regional peace and stability, China will, as always, enforce the full content of relevant resolutions in a comprehensive and strict manner.' Sanctions were imposed in the wake of Pyongyang's testing of an intercontinental missile apparently capable of reaching the US mainland amid increased tensions on the Korean Peninsula."
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