Media Report
- CNBC reports: "The upcoming National Congress of the Communist Party of China is expected to begin next week, and decisions made at the massive meeting of Chinese government leaders have the capacity to negatively affect global commodity and equity markets. Any economic policy that comes about following the meeting will be watched closely and could impact global economic growth, said Miller Tabak equity strategist Matt Maley. 'The Chinese government has tried to pull back a little bit on the credit creation within China in the last year, but they've eased off on that, allowing some of that credit to grow again as they've been going into this Congress. The problem is if they start to tighten up on it again after Congress is done, after they've consolidated their power, we worry that will have an impact on global growth,' he said Wednesday... The country's buildup of credit has been an issue in recent years, and last month led S&P Global Ratings to cut China's credit rating. Decisions related to changes in government leadership and national policy are expected out of the meeting, and President Xi Jinping is expected to retain his current post."
- Financial Times reports: "The Trump administration is holding out against a capital increase for the World Bank until it overhauls its lending to China and other middle income countries, creating a new source of tension between Washington and Beijing. Jim Yong Kim, the World Bank's president, has been pushing for extra financial resources and had hoped that shareholders would agree on at least a timetable for the increase at this week's annual meetings in Washington. But the Trump administration has been resisting those plans and this week aired its demands, saying it wanted the World Bank to examine its own balance sheet first and in particular its lending to China, which is presently the bank's biggest borrower. The dispute is another sign of President Donald Trump's antipathy for the international system and what his critics regard as a US withdrawal from global leadership. The US on Thursday said it was pulling out of Unesco, the UN cultural body. It has also taken a more combative attitude towards the UN more broadly and other international bodies such as Nato and the World Trade Organisation."
- The Economist comments: "American presidents have a habit of describing their Chinese counterparts in terms of awe. A fawning Richard Nixon said to Mao Zedong that the chairman's writings had "changed the world". To Jimmy Carter, Deng Xiaoping was a string of flattering adjectives: "smart, tough, intelligent, frank, courageous, personable, self-assured, friendly". Bill Clinton described China's then president, Jiang Zemin, as a "visionary" and "a man of extraordinary intellect". Donald Trump is no less wowed. The Washington Postquotes him as saying that China's current leader, Xi Jinping, is "probably the most powerful" China has had in a century. Mr. Trump may be right. And were it not political suicide for an American president to say so, he might plausibly have added: "Xi Jinping is the world's most powerful leader." To be sure, China's economy is still second in size to America's and its army, though rapidly gaining muscle, pales in comparison. But economic heft and military hardware are not everything. The leader of the free world has a narrow, transactional approach to foreigners and seems unable to enact his agenda at home. The United States is still the world's most powerful country, but its leader is weaker at home and less effective abroad than any of his recent predecessors, not least because he scorns the values and alliances that underpin American influence."
Calendar
- 2017-10-11 China treats its foreign aid like a state secret. New research aims to reveal it.
- 2017-10-10 Chinese yuan strengthens in a sign of 'overriding stability' ahead of the key 19th Communist Party Congress
- 2017-10-09 1.34 million officials have been punished for graft since 2013, Chinese watchdog says
- 2017-10-06 U.S. defers China aluminum foil dumping decision
- 2017-10-05 High-level US-China Talks Focus on Immigration, Fugitives
- 2017-10-05 High-level US-China Talks Focus on Immigration, Fugitives
- 2017-10-04 Ivanka Trump's business in China shrouded in secrecy as public trade data disappears
- 2017-10-03 This week, half of China’s population is on the move
- 2017-10-02 Trump needs China on North Korea but he's doing it wrong: Baucus & Hass
- 2017-09-29 White House conducting wide-ranging review of China policy
News
- Financial Times China targets pollution on eve of Xi Jinping's second term
- Financial Times US demands World Bank overhaul of lending to China
- The Guardian China's Communist party congress – all you need to know
- Financial Times Electric cars: China's highly charged power play
- CNBC Chinese tourists are finding new favorites for their trips — and their money
- The Wall Street Journal Say Goodbye to the China Bid
- CNBC Trump is giving up a crucial part of American power to China, think tank says
- The Wall Street Journal Beijing Pushes for a Direct Hand in China's Big Tech Firms
- CNBC China's military is flashing clues about the country's complex politics
- The Guardian China rebuffs criticism of decision to bar British activist from Hong Kong
- CNBC Big twice-in-a-decade meeting in China may have a curious market impact
- ABC News Property tycoon tops China's rich list, Wanda boss slides
- CNN North Korean crabs in China show challenge facing Trump
Commentary
- The Economist Xi Jinping has more clout than Donald Trump. The world should be wary
- The Wall Street Journal China Gets in on the Bond Frenzy
- The Guardian China's Communist party congress – all you need to know
- Time Why the Fight With North Korea Is Really About China
- Forbes Bitcoin Prices Rise Above $5,000, Without China
- Council on Foreign Relations What Will the U.S.-China Cyber Relationship Look Like in the Trump Era? A View From China
- The Wall Street Journal Six Reasons Why China Matters