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Media Report
November 13 , 2017
  • CNBC：Trump has a long way to go on the road to fixing US-China trade
    CNBC reports: "The U.S. and China leaders agreed at the Beijing summit last week that there were no quick solutions to their structurally unbalanced trade relations. In a remarkable departure from his earlier statements, President Donald Trump also acknowledged that this decades-old problem was mainly caused by America's negligent and inept trade policies. That was not news to the Chinese because those issues have been thoroughly discussed through diplomatic channels much before Trump's 'state visit plus.' And neither is it newsworthy that China won't be rushed. China, in case some impatient Westerners need to be reminded, will open up in its own time and on its own terms in a tough and excruciatingly difficult negotiating process. That was a hint Chinese Premier Li Keqiang dropped during his meeting with Trump, when he said that 'the two countries should open up to each other,' inviting the U.S. to increase 'high-tech exports to China,' an area of trade in 'dual-use technologies' Washington keeps off limits. Meanwhile, as a pacifier, Trump was offered a mega 'hongbao' — China's traditional gift for special occasions — in the form of hundreds of billions of done and potential deals as a down payment on the long years ahead to reach a more balanced U.S.-China trade relationship. While Beijing was promoting its so-called win-win approach, Washington probably didn't even notice that this was American money China was recycling from its trade surplus accounts."
  • The Wall Street Journal：Surveillance Cameras Made by China Are Hanging All Over the U.S.
    The Wall Street Journal reports: "The Memphis police use the surveillance cameras to scan the streets for crime. The U.S. Army uses them to monitor a base in Missouri. Consumer models hang in homes and businesses across the country. At one point, the cameras kept watch on the U.S. embassy in Kabul. All the devices were manufactured by a single company, Hangzhou Hikvision Digital Technology. It is 42%-owned by the Chinese government.Hikvision was nurtured by Beijing to help keep watch on its 1.4 billion citizens, part of a vast expansion of its domestic-surveillance apparatus. In the process, the little-known company has become the world's largest maker of surveillance cameras. It has sold equipment used to track French airports, an Irish port and sites in Brazil and Iran. Hikvision's rapid rise, its ties to the Chinese government and a cybersecurity lapse flagged by the Department of Homeland Security have fanned concerns among officials in the U.S. and Italy about the security of Hikvision's devices. 'The fact that it's at a U.S. military installation and was in a very sensitive U.S. embassy is stunning,' says Carolyn Bartholomew, chairwoman of the U.S.-China Economic and Security Review Commission, which was created by Congress to monitor the national-security implications of trade with China. 'We shouldn't presume that there are benign intentions in the use of information-gathering technology that is funded directly or indirectly by the Chinese government.' Some security vendors in the U.S. refuse to carry Hikvision cameras or place restrictions on their purchase, concerned they could be used by Beijing to spy on Americans. The General Services Administration, which oversees $66 billion of procurement for the U.S. government, has removed Hikvision from a list of automatically approved suppliers. In May, the Department of Homeland Security issued a cybersecurity warning saying some of Hikvision's cameras contained a loophole making them easily exploitable by hackers. The department assigned its worst security rating to that vulnerability."
  • The Washington Post：China's three new economic challenges for the U.S.
    The Washington Post comments: "President Donald Trump is scheduled to attend the Nov. 13-14 East Asia Summit, the last stop on a lengthy Asia trip. This year's meeting brings together the leaders of 16 Asia-Pacific countries, the United States, Canada and Russia for a discussion of regional and global issues, including trade and security. At the Asia-Pacific Economic Cooperation forum in Vietnam over the weekend, Trump told the leaders gathered that the United States will no longer enter into large trade pacts that cede U.S. sovereignty with weak trade laws. Chinese President Xi Jinping struck a different tone by calling globalization an "irreversible historical trend" and pledged to pursue a free-trade area in Asia. At the summit, Trump will have to contend with a self-assured China, that now aspires to build on the internal consolidation of the Chinese Communist Party (CCP) by boosting China's external influence. What new challenges does a stronger China pose to the United States? Here are three things to watch: 1) Xi is emboldened by China's strategic use of globalization... 2) The new structure of China's economy tests the region... 3) China's regional strategy will challenge U.S. leadership... The leaders of Asia had looked to Trump to sustain U.S. leadership in the region at a time of China's growing ambition and assertiveness. The Trump administration has expressed unwillingness to step in; however, the challenges brought forth by China remain."
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