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October 06 , 2017
  • Reuters：U.S. defers China aluminum foil dumping decision
    Reuters reports: "The U.S. Commerce Department said on Thursday it would defer issuing its preliminary determination in an anti-dumping duty probe into imports of aluminum foil from China. The department said in a statement the delay would allow it 'to fully analyze information pertaining to China's status as a non-market economy (NME) country.' U.S. aluminum foil producers have filed petitions with the U.S. government accusing Chinese manufacturers of dumping the product in the United States. In 2016, imports of aluminum foil from China were valued at an estimated $389 million, department figures show. In August, U.S. Commerce imposed preliminary anti-subsidy duties of about 17 percent to 81 percent on aluminum foil imported from China. The Aluminum Association, a U.S. industry lobby group which filed the suit, was disappointed by the delay, but remained confident in the strength of its case, President and Chief Executive Officer Heidi Brock said in a statement."
  • CNBC：China is in 'lock-down' ahead of its most important meeting in years
    CNBC comments: "Chinese business has come to a standstill as half the population travels over a one-week public holiday. But that quietude is expected to last several more weeks. Although the Chinese will head back to work and school on Monday, their country is expected to remain in a holding pattern ahead of a pivotal Communist Party Congress set to start later this month. 'Commentators and markets rightly assume that the authorities are consumed by this transition and that all other policy matters are on the back-burner or in lock-down until after the Congress,' Freya Beamish, Pantheon Macroeconomics' chief Asia economist, wrote in a recent note. The once-in-five-years meeting will usher in leadership changes that are likely to see incumbent President Xi Jinping extend his term and consolidate power. The coming years of Xi rule will be critical for the world's second-largest economy as it grapples with the fallout from three decades of unbridled growth. As Xi — the most powerful Chinese leader in decades — embarks on a new era, the meeting will review 'faulty' outcomes from the economic reforms and review if China needs a new direction, said independent economist, Andy Xie. China undertook a series of market reforms in the last three decades that propelled the Communist country to the spot of the world's second largest economy."
  • Foreign Policy：As U.S. Retreats From World Organizations, China Steps in to Fill the Void
    Foreign Policy comments: "China's latest bid to flex its diplomatic muscles on the world stage rests in the hands of Qian Tang, a little-known 66-year-old Chinese United Nations bureaucrat campaigning to head up the organization's top cultural, scientific, and education agency. Tang, the assistant director-general for education at the Paris-based UNESCO, is one of a growing stable of Chinese nationals Beijing is promoting to serve in top international posts. The push reflects Beijing's desire to project a more visible 'soft power' profile around the world and fill a political void left by an American administration that has grown skeptical of multilateralism. Tang, the assistant director-general for education at the Paris-based UNESCO, is one of a growing stable of Chinese nationals Beijing is promoting to serve in top international posts. The push reflects Beijing's desire to project a more visible 'soft power' profile around the world and fill a political void left by an American administration that has grown skeptical of multilateralism... In recent years, Chinese candidates have taken on senior posts at the World Bank, Interpol, the United Nations Industrial Development Organization, the International Telecommunication Union, and the Montreal-based International Civil Aviation Organization. China also provides more troops to U.N. peacekeeping missions than any of the four other big powers on the U.N. Security Council... In a sense, China is simply using its growing economic and political clout at the U.N. to pick up distressed assets abandoned by the United States and its allies and repurpose them to serve its strategic goals."
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