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Media Report
November 02 , 2017
  • The Wall Street Journal：Facebook, Take Note: In China's 'New Era,' the Communist Party Comes First
    The Wall Street Journal reports:" American tech giants need to rethink their relationship with China. Now. The need to do so was evident on Monday when Facebook Inc.'s Mark Zuckerberg, Apple Inc.'s Tim Cook and a bevy of other leaders in the worlds of technology, finance and industry were whisked to the Great Hall of the People to meet Chinese President Xi Jinping. Mr. Xi was fresh off a Communist Party congress that anointed him as China's paramount leader. The business chieftains, members of an advisory board to Tsinghua University's School of Economics and Management, were the first foreigners to congratulate Mr. Xi in person on his success. Congratulate, they did. According to the official People's Daily, Mr. Cook expressed his admiration for Mr. Xi's leadership in global governance. Mr. Zuckerberg borrowed a phrase from Mr. Xi's speech to the congress, "Never forget where you started," and hoped China would develop as fast as it has the past 30 years... A Facebook spokeswoman also didn't directly comment but reiterated a statement that the company remains interested in China and is focused on getting Chinese businesses to use its ad platform... Facebook is drawing heat in the U.S. and Europe about Russia's use of its platform to meddle with elections. In his remarks to Mr. Xi, Mr. Zuckerberg said, "If billions in the world could hear China's voice, the world will become a better place." A question is what will Facebook do when it is the Communist Party's voice that demands to be heard?"
  • NPR：China's Tycoons Fall From Grace
    NPR comments: "A hundred and one people became billionaires in China last year, but that news has been eclipsed by stories of high-flying tycoons falling from grace. Planet Money has been reporting on money and China, including this story from NPR's Anthony Kuhn on the tycoons' fate... When the Chinese company LeEco launched its new smartphones with futuristic stage shows, it reminded people of Apple. LeEco's billionaire founder, Jia Yueting, who resigned as CEO in July, seemed to model himself on Steve Jobs. Back in 2015, he warned Apple... "Apple is a great company, but we think that as time progresses, either Apple must reinvent itself, or we will topple it."Those were heady days for a Fu Hang Xia. He helped produce LeEco's product launches. LeEco started in electronics and then moved into everything from e-commerce to movies and electric cars. But it expanded too fast. Its credit dried up. It began to crumble. That's why Fu Hang Xia and other LeEco vendors have been camped out in the company's lobby for months trying to get the money the company owes them. Despite this, Fu still admires Jia Yueting... Flush with cash but with limited investment options at home, China's tycoons began snapping up assets overseas - movie theaters, hotel chains and choice real estate. In some cases, they bought these assets at a loss just to get their money out of China. This reflects a weak rule of law says Minxin Pei, an expert on Chinese politics at Claremont McKenna College."
  • CNN：North Korea says China's Xi wants to boost ties
    CNN reports: "The leaders of China and North Korea have exchanged personal messages, according to North Korean state media, a rare move that could signal a thaw in strained top-level diplomatic relations. In a statement which was published by state news agency KCNA Thursday, Chinese President Xi Jinping replied to a message sent by Kim Jong Un, who last week congratulated Xi on his re-election as Chinese Communist Party General Secretary. According to KCNA, Xi said he wanted to help promote 'more wonderful happiness' in both countries while "defending regional peace.' 'I wish that under the new situation the Chinese side would make efforts with the (North Korean) side to promote the relations between the two parties,' Xi's message said, according to KCNA. The apparent efforts by Xi to repair diplomatic relations on the Korean Peninsula come just days before US President Donald Trump embarks on his first visit to Asia as president, which will include a trip to South Korea."
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