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Media Report
November 28 , 2017
  • The Atlantic：How the U.S. and China Differ on North Korea
    Foreign Policy comments: "Last week, President Trump named North Korea a state sponsor of terrorism, tagging the communist country with the label almost a decade after the Bush administration removed it. 'In addition to threatening the world by nuclear devastation, North Korea has repeatedly supported acts of international terrorism, including assassinations on foreign soil,' Trump said last Monday, adding that the 'North Korean regime must be lawful. It must end its unlawful nuclear and ballistic missile development, and cease all support for international terrorism, which it is not doing.' The next day, the U.S. Treasury Department slapped sanctions on individuals and entities with links to North Korean financial institutions, including three Chinese companies. North Korea responded by calling the U.S. designation a 'serious provocation and violent infringement.' For Washington, the road to a diplomatic solution with North Korea goes through Beijing. But despite public statements to the contrary, the United States and China are quite divided on some key questions, including why North Korea pursues nuclear weapons in the first place, and on the reasons why previous agreements to halt its illicit activities failed. Unless they can bridge these gaps, any lasting resolution of the North Korean crisis is unlikely.
  • The Washington Post：Donald Trump is going to build a big, beautiful deficit and rely on China to help pay for it
    The Washington Post comments: "Republicans' tax plans are going to clash headfirst with President Trump's anti-China, anti-trade-deficit rhetoric. It's just simple economics. Assuming they pass, Republican tax plans are forecast to increase the federal debt by about $1.3 trillion to $1.6 trillion over the coming decade, though scoring and specifics vary. This is the same debt that, campaigning in Ohio, Trump called 'a weight around the future of every young person in this country.' As the debt grew under his predecessor, Trump didn't mince words: 'Our deficit spending is China's gain. @BarackObama is bankrupting our country.' But now that it's time to pass a tax plan that nonpartisan observers agree will require deficit spending, Republicans are on board with growing the federal debt. Large-scale borrowing will help make up the gap in lower tax revenue while avoiding some painful cuts to government programs... Treasury data compiled by the St. Louis Fed shows that foreign central banks, investors and corporations already own $6.17 trillion in Treasury bonds in the second quarter, compared with $5.73 trillion for private domestic investors. More than a third of those international investors are based in two countries: China and Japan."
  • CNN：Top Chinese general under investigation for corruption hangs himself
    CNN reports: "A top Chinese general hanged himself after coming under investigation for corruption charges, China's state-run news agency Xinhua reported Tuesday. General Zhang Yang, the former head of the Chinese military's political work department, was found dead at his home on November 23, the news agency said. Military investigators had launched an investigation into Zhang's ties to two former Central Military Commission vice chairmen -- Guo Boxiong and Xu Caihou -- who fell prey to President Xi Jinping's massive anti-corruption campaign. Xinhua said investigators found Zhang had seriously violated party discipline and broke the law by allegedly giving and accepting bribes as well as possessing a huge amount of money, the sources of which he could not account for. He was allowed to stay at home during the early stages of the investigation, the report said."
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