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Media Report
September 27 , 2017
  • The New York Times reports: "Secretary of State Rex Tillerson will visit China this week to discuss President Donald Trump's planned travel to the region and North Korea. The State Department says Tillerson heads to Beijing on Thursday. His talks with senior Chinese leaders will also cover trade and investment. It will be Tillerson's second visit to China and comes amid escalating tensions between the U.S. and North Korea. Tillerson went for the first time to Beijing in March. The department says that the visit reaffirms the Trump administration's commitment to enhance U.S. economic and security interests in the Asia-Pacific region. Trump is expected to travel to the region this fall."
  • CNN reports: "China unexpectedly started buying coal from North Korea again last month, raising questions about its commitment to cracking down on trade with Kim Jong Un's regime. Beijing said in February that it would halt all coal shipments from North Korea through the end of this year. Official Chinese customs data shows the country stuck to that pledge until August, when it imported 1.64 million tons of coal, worth about $138 million, from its smaller neighbor.News of the coal purchases comes as President Trump is stepping up efforts to try to stifle trade between North Korea and other countries in order to pressure Kim to back down on his country's rapidly advancing nuclear weapons program. Coal was one of North Korea's top exports to China, its main trading partner. The U.N. Security Council in November put a limit on North Korean exports of coal -- and then banned them altogether in August. U.S. experts said Beijing's coal imports in August highlight its unwillingness to stick to promises to cut trade with Pyongyang. 'Even when China isn't officially violating U.N. Security Council resolutions, it violates the spirit of them over and over again,' said Kent Boydston, a research analyst at the Peterson Institute for International Economics. 'It makes me question not just why coal imports appear to be happening again but what was the real volume of imports in the months it reported there were none.'"
  • Fortune comments: "On my way through security in San Francisco Sunday afternoon I ran into a Silicon Valley-based executive traveling on the same flight to Fortune's CEO Initiative event in New York. I asked how important China was to his business, and he listed the number of Chinese cities in which his company has relatively new offices and told me he visits the country regularly. As for me, with our Fortune Global Forum and Brainstorm Tech International conferences in Guangzhou approaching and fresh off our 'China innovation' dinner last week, I guesstimated that China accounts for 25% of my 'mindshare' these days. I'm not alone. Apple, for instance, has named one executive to oversee operations for the entire country, plus Hong Kong and Taiwan, the only country to which Apple dedicates a single executive. Her name is Isabel Ge Mahe, and... a huge part of the China country head position is dealing with the Chinese government. Yet there is nothing in Mahe's background that suggests any experience dealing with the formidable task of conducting government relations in Beijing. Instead, Mahe is an accomplished wireless engineer and manager, having risen the ranks at Apple and worked on key products. When filling a role like this companies can go with someone who knows the ins and outs of the local government and hope they can learn the company. Or as Apple has, it can choose someone who knows the company and ask them to learn the ropes in the halls of power."
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