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Media Report
January 25 , 2018
  • Reuters reports: "The United States announced new sanctions on Wednesday aimed at stopping North Korea's nuclear weapons development and urged China and Russia to expel North Koreans raising funds for the programs. The U.S. Treasury imposed sanctions on nine entities, 16 people and six North Korean ships it accused of helping the weapons programs. It said two China-based trading firms were involved in exporting millions of dollars worth of metals and other goods used in weapons production. The individuals included members of North Korea's Workers Party operating in China, Russia and Georgia's breakaway Abkhazia region. Among them were North Korea's vice consul in Nakhodka, Russia and an individual reportedly involved in sending North Korean labourers to Abkhazia. 'Treasury continues to systematically target individuals and entities financing the Kim regime and its weapons programs, including officials complicit in North Korean sanctions evasion schemes,' Treasury Secretary Steven Mnuchin said in a statement."
  • Financial Times reports: "China's pledge to the world is that it will create a 'community with a shared future for mankind'. But that sharing is no more than an afterthought as it rolls out an ambitious programme to build transport infrastructure across Eurasia, a study shows. Of the contractors working on China-funded transport infrastructure projects in 34 Asian and European countries, 89 per cent were Chinese, leaving 11 per cent from elsewhere, according to the study by the Center for Strategic and International Studies, a Washington-based think-tank. The discrepancy challenges the rhetoric that Beijing has used to promote its 'Belt and Road Initiative' (BRI), a signature policy of Xi Jinping, China's leader, which seeks to build infrastructure to win friends in some 70 countries. In his speech to the 19th party congress late last year, Mr Xi promised that China's engagement with the world would be open and inclusive to create a 'shared community'...But the CSIS study shows the gulf between rhetoric and reality, said Jonathan Hillman, director of the Reconnecting Asia Project at CSIS. 'Despite official rhetoric about the Belt and Road being open, it is first and foremost a China-centric effort,' Mr Hillman said."
  • Foreign Policy comments: "Niall Ferguson is a prolific public intellectual who has made a career out of shattering shibboleths. At various points he has defended the achievements of the British Empire, argued that the United Kingdom's entry into the First World War was 'the biggest error in modern history,' and made the case at length that Henry Kissinger is a misunderstood idealist. Ferguson is at it again. In a recent op-ed, he takes on what he describes as the prevailing 'myth of the liberal international order.' This piece appeared in China's Global Times, a pugnacious nationalistic tabloid published by the official People's Daily. It is not surprising, then, that the view it presents happens to conform quite closely with the official Chinese Communist Party line. It is also, in important respects, mistaken and misleading... Looking ahead, Ferguson sees only two scenarios. In one, disputes over trade and geopolitics cause the United States and China to fall into a tightening "Thucydides Trap" that could well end in a catastrophic conflict. In the other, the two Pacific giants "recognize their common interests" and find ways to work together... While cooperation is always worth seeking, the divergence in interests and values between the democracies and the authoritarian powers will likely continue to limit its scope. This does not mean that war is inevitable. To the contrary, the best way for the Western powers to reduce the risk of conflict is to look to their own defenses, strengthening their ability to resist military coercion, political subversion, and economic exploitation. The liberal international system that the United States and its allies built in the wake of World War II is not global and may never be. But it is not a myth; it is a worthy accomplishment, and it deserves to be defended."
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