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Media Report
January 23 , 2018
  • The New York Times：U.S. Tariffs, Aimed at China and South Korea, to Hit Targets Worldwide
    The New York Times reports: "The Trump administration is taking direct aim at Chinese solar panels and South Korean washing machines with new tariffs. The impact, however, will be felt more broadly. The tariffs unveiled on Monday will apply to imports of washing machines and solar energy cells and panels from around the world, not just from China and South Korea. That's deliberate: United States trade officials say Chinese and South Korean companies have set up factories in other countries to avoid existing American tariffs. That means factories and workers in multiple countries will be affected, showing how difficult it can be to hit specific targets in the complicated world of modern trade. Just to illustrate the complexities, Suniva, one of the American solar companies that had sought the tariffs, filed for bankruptcy protection last year, citing the effects of Chinese imports. But the majority owner of Suniva is itself Chinese, and the company's American bankruptcy trustee supported the trade litigation over the objections of the Chinese owners. China and South Korea could take their complaints to the World Trade Organization, which settles trade disputes. Under its obligations to the international body, the United States would have to back off if the organization ruled against it."
  • Reuters：As U.S. goes quiet on close naval patrols, China speaks out

    Reuters reports: "While the Pentagon plays down patrols close to Chinese-controlled reefs and islands in the South China Sea, Beijing is sounding the alarm about them, seeking to justify what experts say will be an even greater presence in the disputed region.Chinese officials publicized the latest U.S. 'freedom of navigation patrol', protesting the deployment last week of the destroyer USS Hopper to within 12 nautical miles of Scarborough Shoal, an atoll west of the Philippines which Beijing disputes with Manila. It was the second time in recent months that confirmation of a patrol came from Beijing, not Washington, which had previously announced or leaked details. Bonnie Glaser, a security expert at Washington's Center for Strategic and International Studies, said while the administration of U.S. President Donald Trump had a policy of keeping the patrols regular but low key, China was willing to publicly exploit them to further their military ends. 'It is difficult to conclude otherwise,' she said. 'Even as it pushes ahead with these (patrols), I don't think the Trump administration has really come to terms with what it will tolerate from China in the South China Sea, and what it simply won't accept, and Beijing seems to grasp this.' In official statements, Chinese foreign ministry official Lu Kang said China would take 'necessary measures to firmly safeguard its sovereignty' in the resource-rich sea. Some regional diplomats and security analysts believe that will involve increased Chinese deployments and the quicker militarization of China's expanded facilities across the Spratlys archipelago."

  • CNBC：Michael Moritz is right: Silicon Valley should be terrified of China
    CNBC comments: "The reaction has been swift and negative to investor Michael Moritz's essay arguing Silicon Valley companies have something to learn from China's hard-working entrepreneurship culture... I've spent my entire career working in China and travel to Shanghai monthly to visit manufacturing partners as CEO of Anomalie, a Silicon Valley-based e-commerce wedding dress company. My takeaway from visiting the country over 30 times is clear: Silicon Valley should be terrified to compete with Chinese entrepreneurs over the coming years... The younger generation in China is optimistic, hard-working, aggressively upwardly mobile, and adopting new tech trends and a furious pace. We should only expect China's pace of innovation to increase as they take over levers of power... The U.S. can (also) learn a lot from China about women and work. A significantly higher percentage of Chinese tech companies have C-Suite women leaders than their U.S. counterparts. One senior female executive told me that she agrees with Warren Buffet's assertion that the U.S. economy has been operating for much of its history at '50% capacity' because of attitudes towards women. While there are obviously systemic gender inequities China must work through, I have personally never been in an environment that felt more meritocratic and less devoid of gender politics than when I am working with a Chinese team."
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