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Media Report
September 25 , 2017
  • Reuters reports: "The United States hopes there will be some 'very good deliverables' when President Donald Trump visits China, U.S. Commerce Secretary Wilbur Ross said on Monday, striking an upbeat tone amid trade tensions between the two countries. Trump will likely visit China in November as part of a trip that will take him to an Association of Southeast Asian Nations (ASEAN) summit in the Philippines and an Asia-Pacific Economic Cooperation (APEC) summit in Vietnam. China's relationship with the United States has been strained by the Trump administration's criticism of China's trade practices and by demands that Beijing do more to pressure North Korea to halt its nuclear weapons and missiles programs. Meeting in Beijing, Ross told Chinese Premier Li Keqiang he and his delegation had been greeted very warmly which augurs well for Trump's forthcoming trip to meet Chinese President Xi Jinping."
  • The Washington Post reports: "The view from China could hardly be much worse: the leaders of North Korea and the United States threatening to rain down total destruction on each other, while U.S. bombers and fighters stage a show of military might close to China's shores. In public, China's foreign ministry has calmly advocated for restraint and warned Pyongyang and Washington not add to fuel to the fire. But behind closed doors, experts said Sunday, Beijing is as frustrated with North Korea, and with the situation, as it has ever been. As North Korea's dominant trading partner, China is widely seen as the key to solving the crisis, yet experts say its influence over Pyongyang has never been weaker.  Unwilling to completely pull the plug, it has nevertheless agreed to a stiff package of sanctions at the United Nations and implemented them with unprecedented determination, experts say... 'The North Koreans have figured out that the Chinese are genuinely in a bind,' said Euan Graham, director of the International Security Program at the Lowy Institute in Sydney. 'Having cried wolf for so long about having limited influence, the Chinese genuinely do have limited influence in North Korea right now. It's not just weasel words.'"
  • Bloomberg comments: "Last week, the Commercial Aviation Corp. of China Ltd. announced that the C919, China's first homemade large passenger jet, had chalked up its 730th pre-order. Those numbers won't necessarily make the Boeing Co. or Airbus SE quake; Boeing estimates Chinese airlines alone will require 5,420 new single-aisle planes by 2036. Ultimately, though, they could herald the end of global aviation's great duopoly. Most of the C919's orders come from state-owned Chinese companies, some of whom probably wouldn't have placed them if given a choice... The plane is cheap, though -- reportedly 10 percent less expensive than the competition -- and designed to be good enough not just for China but other emerging markets where air travel is booming and regulations are less strict than in the developed world. The hope is that cost-conscious carriers in Africa and Asia will embrace a plane that they can afford and that does most of what they need, even if its technology isn't cutting-edge... If Boeing and Airbus are likely to retain their preeminent positions, the developing world should provide enough demand for Comac to become a reasonable third alternative for many buyers. According to the International Air Transport Association, global air passenger growth will nearly double over the next 20 years, with the bulk coming from Asia-Pacific."

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