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Media Report
October 02 , 2017
  • USA Today：Trump needs China on North Korea but he's doing it wrong: Baucus & Hass
    USA Today comments: "The Trump administration has made commendable progress in narrowing North Korea's economic and diplomatic links to the outside world. However, the president's attempts to outsource the North Korea problem to China are not the solution. Neither is his bluster, epitomized when he tweeted Sunday that his 'wonderful' secretary of state was wasting his time trying to negotiate with 'Little Rocket Man.' We write from experience, having participated in numerous North Korea policy reviews and over a hundred hours of direct talks on the subject with top Chinese officials. These experiences gave us an understanding of what works and what does not. Rather than indulging in further threat wars with North Korea, the administration needs to concentrate on building domestic and international support for a realistic strategy. Until North Korea believes the United States is unified domestically and in lockstep with key partners internationally, it will continue on its present and dangerous course. As a first step, the president needs to level with the American people about what vital interests the United States must protect. We believe the foremost priorities are to safeguard the U.S. homeland, uphold the credibility of our alliance commitments, prevent the proliferation of nuclear and missile technology, and avoid war. To best preserve these interests, the administration must build domestic support for hard-nosed diplomacy as a preferred alternative to the false choice between war and accommodation."
  • CNN：China is trying to juice its economy with even more debt
    CNN reports: "China is planning to pump even more credit into its economy despite fears about its massive buildup of debt. The country's central bank moved over the weekend to allow commercial lenders to dish out more loans by cutting the amount of cash they have to keep in reserve. The cut 'is clearly signifying additional concern about the sustainability of economic growth in China absent credit injections,' said Christopher Balding, an associate professor at the HSBC School of Business at Peking University in Shenzhen. He estimated the move could unleash up to $100 billion in additional lending'... Chineseauthorities have announced measures to crack down on heavy borrowing in the financial industry this year, but some experts say the actions don't apply to much of the economy. Chinese authorities billed the central bank's latest move, which takes effect in January, as a move to help specific areas like small businesses and farmers. Banks need to lend a certain amounts to those sectors to be eligible to lower their reserves by the maximum amount... The central bank's announcement comes ahead of a key political juncture for China's ruling Communist Party. Later this month, it will hold a major gathering to choose its top leaders and set political priorities. President Xi Jinping is widely expected to be confirmed for a second five-year term."
  • The Diplomat：The True Deficit with China is Not With Trade -- But Knowledge
    The Diplomat comments: "In a 2016 documentary about the great American writer James Baldwin, 'I am Not Your Negro,' there is a final haunting line read from one of Baldwin's works. Referring to the relationship between members of the black community in the 1960s during the era of civil protest and unrest, Baldwin states to some members of the white American community, 'The simple fact is that we have had to think about you, more than you have ever thought about us'... The same could be said of any encounter between those who, on the surface, look to be in a more privileged position than those ranged against them... For much of the modern era, Chinese lost out in the battle for modernity. The era from 1839 onwards was so disastrous in this respect that it had come to be referred to in more recent historiography as the 'century of humiliation.' The wounds from this history and the sense of victimhood it gave have been profound on the modern Chinese national psyche... Contemporary Chinese nationalism... is built on narratives around finally righting this history and the injustice that many Chinese people see in it... One of the great strategic moves of the Deng Xiaoping era from 1978 onwards was finding a more constructive framework with which China could relate to the very same world that had been blamed for much of China's problems in the previous 150 years. Japan, the United States, the UK, and other countries in Europe went from being maligned and blamed in China to being places where at least their economic and technological success was worth studying and understanding... In different ways, and with different outputs, everyone seems to be engaged in the same game – vying for influence, creating sympathy, building diplomatic capital that favors them. The odd thing is how, despite immense efforts, the much more attractive, more pluralist Western messages have had so little impact on the continuing dominant role of the party in China."
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