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Media Report
September 13 , 2017
  • CNN：Trump says UN North Korea sanctions are 'not a big deal'
    CNN reports: "President Donald Trump and congressional lawmakers signaled on Tuesday that more steps need to be taken to rein in North Korea's rapidly developing nuclear program despite the United Nations Security Council's unanimous vote to pass additional sanctions on the rogue nation. Trump noted the 15-0 UN vote during a meeting with Malaysian Prime Minister Najib Razak, but said they are 'just another very small step, not a big deal' and suggested that he doesn't know 'if it has any impact.' Trump added that the sanctions pale in comparison to 'what ultimately will have to happen' to North Korea... Trump's remarks came just hours after House lawmakers from both parties expressed frustration that the US isn't exerting greater pressure on China to stop North Korea's march toward developing nuclear weapons capable of striking the continental United States. 'We don't threaten China, even a little bit, with country sanctions because that would be difficult, politically,' to do, said Rep. Brad Sherman, a California Democrat."
  • Bloomberg：China Bans Brokerage CEOs From Time Off, Trips Amid Congress
    Bloomberg reports: "As China's most important political event in years draws nearer, regulators have made it clear to the nation's top financiers that they don't want to see any major turbulence in markets. The China Securities Regulatory Commission has ordered local brokerages to mitigate risks and ensure stable markets before and during the Communist Party's twice-a-decade leadership congress next month, according to people familiar with the matter. The CSRC has also banned brokerage bosses from taking holidays or leaving the country from Oct. 11 until the congress ends, the people said. The regulator didn't immediately reply to a faxed request for comment. While China routinely takes steps to reduce market swings during key political gatherings, the travel ban on brokerage chiefs illustrates how seriously regulators are taking next month's meeting. The congress, which starts on Oct. 18, is expected to replace about half of China's top leadership and shape President Xi Jinping's influence into the next decade."
  • The New York Times：What the World's Emptiest International Airport Says About China's Influence
    The New York Times comments: "Mattala Rajapaksa International Airport, the second-largest in Sri Lanka, is designed to handle a million passengers per year. It currently receives about a dozen passengers per day... Projects like Mattala are not driven by local economic needs but by remote stratagems. When Sri Lanka's 27-year civil war ended in 2009, the president... fixated on the idea of turning his poor home district into a world-class business and tourism hub to help its moribund economy. China, with a dream of its own, was happy to oblige. Hambantota sits in a very strategic location, just a few miles north of the vital Indian Ocean shipping lane over which more than 80 percent of China's imported oil travels. A port added luster to the "string of pearls" that China was starting to assemble... As the United States beats a haphazard retreat from the world... China marches on with its unabashedly ambitious global-expansion program known as One Belt, One Road... OBOR seeks to create the ports, roads and rail and telecommunications links for a modern-day Silk Road — with all paths leading to China. It's tempting to see OBOR as a muscled-up Marshall Plan, the American-led program that helped rebuild Western Europe after World War II... Yet little of what China offers is aid or even low-interest lending. Much OBOR financing comes in the form of market-rate loans that weaker countries are eager to receive — but may struggle to repay."
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