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Media Report
December 27 , 2017
  • CNBC：Trying to fight pollution, China is now the world's largest issuer of 'green' bonds
    CNBC reports: "China has dominated global issuance of "green" bonds for two straight years — a trend that will likely continue as the world's top carbon-emitter tries to play a larger role to contain climate change. The Asian economic giant burst onto the scene in 2016 to take the crown as the world's largest issuer of green bonds — a debt instrument with proceeds that are used to finance activities that benefit the environment. China is set to retain its top spot in 2017. By the end of November 2017, China led global green bond issuance with 66 deals that raised $24.89 billion, according to data firm Dealogic. The country's dominance in that particular debt market followed its 2016 record of 43 deals totaling $33.17 billion, which allowed it to leapfrog traditional green financing giants such as the United States and France. 'China is one of the countries most exposed to pollution, particularly air pollution. Following the Paris 2015 United National Climate Change Conference, they have shown keenness to fight climate change,' said Alban de Fäy, a portfolio manager at Amundi Asset Management who handles socially-responsible, fixed-income investments. And as countries come together to try to keep the world from warming by more than a total of 2 degrees Celsius, China certainly has a big role to play."
  • Financial Times：China to look at changing its constitution
    Financial Times reports: "China's Communist party will meet next month to deliberate revisions to the country's state constitution that would mark the document's first amendments since 2004. In a brief dispatch, state news agency Xinhua said the 19th Central Committee, comprised of the party's 200 most powerful officials, would discuss unspecified constitutional amendments in January.  Analysts said any changes would probably be relatively routine, such as formally adding 'Xi Jinping Thought' to the constitution's preamble or paving the way for the merging of the state and party anti-graft bodies. But the announcement could also stoke speculation that Mr Xi will seek to end a two-term limit on the presidency. At a congress in October that marked the start of Mr Xi's second five-year term as party general secretary, amendments to the party's own founding charter enhanced his already tight grip on political power. Mr Xi's eponymous doctrine on "socialism with Chinese characteristics for a new era" was declared, marking the president's determination for China to take a greater role on the global stage and establish itself as one of the world's richest economies by 2050."
  • The New York Times：China is pushing its luck with the West
    The New York Times comments: "The warning bell is ringing on China's global effort to suppress Western values and undermine the freedoms enjoyed in the world's democracies. Beijing has baited some of America's leading corporations with offers of access to its giant consumer market. In return, the likes of Apple and LinkedIn have agreed to play by China's rules and submit to what amounts to censorship. On American college campuses, accepting money from the Beijing-backed Confucius Institute has come at the price of academic freedom: There are mounting concerns that the language and cultural centers financed by the institute prohibit discussion on issues that place China in a critical light. Elsewhere, Beijing has been accused of pulling the strings of Western democracies. In Australia, Chinese businessmen with ties to the Chinese Communist Party have donated millions of dollars to the country's two leading political parties in an effort to shape domestic and foreign policy. A rising political star, Sam Dastyari of the opposition Labor Party, announced his resignation from the Senate in the face of allegations that he was peddling Beijing's positions for financial support. But what might first appear to be signs of Beijing's rising power are proving to be strategic missteps for China. Beijing is overreaching and starting to burn bridges across the West and in the developing world... In light of this resistance, 2018 may very well see new efforts to tackle the challenge from China. Beijing's recent intrusions may prompt more security cooperation among the so-called Quad in the Asia-Pacific: the United States, India, Japan and Australia."
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