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Media Report
January 04 , 2018
  • CNBC：China and the US 'are about to ride a bumpy journey,' state news agency says
    CNBC reports: "China warned of a "bumpy journey" in trade with the U.S. and "retaliatory measures" a day after Washington blocked MoneyGram's proposed sale to a financial services firm affiliated with Chinese tech giant Alibaba. 'It is not surprising that a number of Chinese companies have hit the buffers in Washington as trade tensions between the two countries are flaring,' state news agency Xinhua said in a commentary published on Wednesday afternoon. On Tuesday, the U.S. government torpedoed MoneyGram's multi-million-dollar merger with Ant Financial, which is controlled by Alibaba founder Jack Ma. A U.S. government panel rejected the deal due to national security concerns, Reuters reported, citing sources familiar with confidential discussions. The current U.S. administration has taken a tough stance on the sale of U.S. companies to Chinese entities, with the MoneyGram deal the latest to fall through. That decision came despite high-profile meetings between President Donald Trump and his Chinese counter, Xi Jinping, last year that were seemingly amicable."
  • Los Angeles Times：A look at China's pervasive attempts to exert its influence around the world
    The Los Angeles Times reports: "A foreign government accused of infiltrating schools, the legislature and the media, using its agents to monitor students and influence politicians. It looked like a campaign of espionage and interference that a top intelligence official warned could 'cause serious harm to the nation's sovereignty, the integrity of our political system, our national security capabilities, our economy and other interests.' Forget, for a moment anyway, Russia meddling in the 2016 U.S. presidential race. This was China meddling in Australia. The reports last year suggested that the Communist Party was taking extreme measures to extend influence beyond its borders. The strains between the two countries illustrate a tension many Western powers now face: how to engage with an increasingly powerful, one-party state without sacrificing their democratic interests or stirring up xenophobia... Countries regularly try to project positive images of themselves abroad, from international broadcasts to funding for educational institutions. But under President Xi Jinping, an emboldened China appears to be setting new standards. Beijing has spent more than $6 billion to modernize and expand its sprawling propaganda apparatus, which includes a global television channel and state-run news bureaus throughout the world."
  • Forbes：Why Trump's Asia Approach Could Actually Be Halting China's Maritime Expansion
    Forbes comments: "U.S. President Donald Trump has earned a reputation over his year in office as someone who goes easy on China. He makes the odd barb such as his accusation last week that China was shipping oil to his nemesis North Korea, but China usually keeps quiet about its North Korea ties. Then Trump goes away. Trump lacks a steadfast, multi-layered Asia policy like that of his predecessor Barack Obama from 2011 to 2016. You might say that lack of focus on Asia (with the exception of North Korea) is keeping China's widely feared maritime expansion in check. Here's how that works: Officials in Beijing always said Obama's policy, known as a 'pivot to Asia,' was aimed at squelching Chinese expansion in the South China Sea. China claims about 90% of the sea that's rich in fisheries and fuel resources. It uses its lead in technology plus military superiority to vie for maritime sovereignty with five regional governments. Obama's specific pivots, for example joint military training with the Philippines and agreement to resume arms sales to Vietnam, gave smaller countries a tool to resist Chinese maritime expansion. Trump isn't going there, despite hopes in other Asian countries that would rather he keep China in check... Lack of direct antagonism from Washington gives Beijing less of a reason to reclaim more land for expansion among the South China Sea's roughly 500 tiny islets after landfilling some 3,000 acres to date, some analysts suspect."
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