Media Report
- The New York Times reports: "When Indonesia recently — and quite publicly — renamed the northernmost waters of its exclusive economic zone in the South China Sea despite China's claims to the area, Beijing quickly dismissed the move as 'meaningless.' It is proving to be anything but. Indonesia's increasingly aggressive posture in the region — including a military buildup in its nearby Natuna Islands and the planned deployment of naval warships — comes as other nations are being more accommodating to China's broad territorial claims in the South China Sea. The two countries had three maritime skirmishes in 2016 involving warning shots, including one in which Indonesian warships seized a Chinese fishing boat and its crew. Indonesia is challenging China, one of its biggest investors and trading partners, as it seeks to assert control over a waterway that has abundant resources, particularly oil and natural gas reserves and fish stocks. The pushback from Indonesia takes direct aim at Beijing's claims within the so-called "nine-dash line," which on Chinese maps delineates the vast area that China claims in the South China Sea. It also adds a new player to the volatile situation, in which the United States Navy has been challenging China's claims with naval maneuvers through waters claimed by Beijing."
- The Wall Street Journal reports: "Chinese authorities are ordering domestic bitcoin exchanges to shut down, delivering a heavy blow to once-thriving trading hubs that helped popularize the virtual currency pushing it to recent record highs. China's central bank, working with other regulators, has drafted instructions banning Chinese platforms from providing virtual currency trading services, according to people familiar with the matter. Regulators told at least one of the exchanges that the decision to shutter them has been made, one of the people said, while another said the unwinding may take several months. Beijing isn't banning people from investing in virtual currencies, and China hosts some of the world's largest bitcoin miners—the operations that generate the cryptocurrency. Ending commercial trading in all virtual currencies is likely to further diminish use of bitcoin in a large and once-promising market, and sends a signal to regulators elsewhere mulling how to bring order to virtual currencies in their own markets, analysts said."
- The Washington Post comments: "The time has come for the United States to acknowledge that its policy of trying to induce North Korea's friends to rein in Pyongyang has failed. The best option for stopping the mounting nuclear threat from Kim Jong Un's regime is to muster maximum pressure without waiting for approval or cooperation from Beijing and Moscow. As early as Monday, the U.N. Security Council could consider a new resolution put forth by the Trump administration that proposes cutting off North Korea's energy imports, textile exports and ability to deploy workers abroad, according to a leaked draft. If put to a vote, that resolution will likely fail in the face of Russian and Chinese resistance. Should that happen, there will be no more excuse for the United States not to move forward with allies Japan and South Korea with crippling sanctions aimed at the regime, its institutions and its elite supporters. Until now, the administration has held back as it sought to persuade and prod Beijing to use its considerable leverage to bring Kim to heel. Once the Trump administration acknowledges that China and Russia have done all they intend to, the United States can go much further unilaterally, or with allies, to finally test whether drastic sanctions, combined with tough diplomacy, can move Kim from his defiant position."
Calendar
- 2017-09-08 'Lips and teeth' no more as China's ties with North Korea fray
- 2017-09-07 China agrees U.N. action, and talk, needed to end North Korea crisis
- 2017-09-06 China's yuan has fully recovered from 2016 and analysts say there's still room to run
- 2017-09-05 'Poke in the eye': Will nuclear test force Chinese rethink on North Korea?
- 2017-09-04 China urges North Korea to 'stop taking actions that are wrong'
- 2017-09-03 China's Xi says BRICS must promote open world economy
- 2017-09-01 As China’s big leadership revamp nears, Xi Jinping is carrying out a military reshuffle
- 2017-08-31 China-US Trade Wars and the IP Elephant in the Room
- 2017-08-30 Trump wants China to fix North Korea, but it isn't going to happen
- 2017-08-29 The North Korean Threat Beyond ICBMs
News
- The New York Times Indonesia, Long on Sidelines, Starts to Confront China's Territorial Claims
- The Wall Street Journal China to Shut Bitcoin Exchanges
- Bloomberg Balance of Power: U.S.-China Divide on Full Display at UN Today
- Financial Times China's biggest banks ban new North Korean accounts
- CNBC Will China and Russia support oil sanctions on North Korea? Experts are skeptical
- The Guardian Steve Bannon compares China to 1930s Germany and says US must confront Beijing
- CNN China wants to ban gas and diesel cars
- Financial Times Renminbi steady after softening past Rmb6.5 per dollar
- The New York Times China's Electric Car Push Lures Global Auto Giants, Despite Risks
- The Daily Caller Chinese State Banks Are Cracking Down On North Korean Business
- BBC News Lee Ming-che: Taiwanese activist goes on trial in China
- CNN China to U.S.: Please stop sending us your junk
- Reuters Lucky 8? $1,000 price tag dampens iPhone enthusiasm in China
Commentary
- Washington Post Time for maximum pressure on North Korea, even without China's permission
- China Law Blog Does China Have Too Many Trademarks?
- The National Interest China Just Sent a Big Military Warning to North Korea
- The Hill On North Korea, we must make China accommodate our interests
- Business Day China's economic model irks the West. It must concern Africa too.
- Quartz What China wants on North Korea
- China File China's Communist Party Is About to Meet. Here's What You Should Know.