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Media Report
February 01 , 2018
  • Financial Times：China believes in free and fair trade too, Mr Trump
    Financial Times comments: "By the time the World Economic Forum in Davos had closed last week, both Xi Jinping, president of China, and US president Donald Trump had laid out their blueprints for a global future. Mr Xi did not attend the event in person, but many observers, particularly in China, discerned the lingering influence of his address in 2017 on this year's choice of theme at Davos: 'Creating a Shared Future in a Fractured World.' The paths Messrs Xi and Trump charted converge at some points, but for the most part run in strict parallel. In his speech at Davos, Mr Trump promised to 'put America first', just as 'the leaders of other countries should put their country first'. There was an unsettling echo in the president's remarks of the 'beggar-my-neighbour' policies of the 1930s, in which countries sought to increase their trade balances at the expense of others. By contrast, a year earlier Mr Xi had called on world leaders to "create a better world and deliver better lives for our peoples" by working together. Both men imagine a 'shared future', but here again there are subtle differences in how they conceive it. For Mr Trump, the global community is composed of 'free and sovereign nations' which 'play by the rules'. It excludes 'rogue regimes', terrorists and 'revisionist powers'. Mr Xi painted a picture of 'mankind' as 'a community of shared future', in which all countries 'enjoy the right to development'. States certainly have interests, he went on. But they should view these 'in a broader context and refrain from pursuing them at the expense of others'. The US, Mr Trump said, supports free trade, but 'it needs to be fair'. However, what is fair trade and fair competition? China stands alongside other developing countries which together contribute the lion's share of global growth. The world's economic governance system must reflect this fact."
  • TIME：Hong Kong's 'Umbrella Movement' Has Been Nominated for the Nobel Peace Prize
    TIME reports: "U.S. lawmakers have nominated three of Hong Kong's most prominent pro-democracy youth activists, Joshua Wong, Nathan Law and Alex Chow, for this year's Nobel Peace Prize along with other contributors to the semi-autonomous region's movement for political freedom. Wong, 21, Law, 24, and Chow, 27, were among the most well-known figures in the Umbrella Movement, which seized the world's attention during a 79-day occupation of Hong Kong's political and financial center in 2014. Originally planned in opposition to China's political control in election of the city's highest executive, the protests drew tens of thousands of mostly young people to tent-laden encampments that brought the city to a standstill and awakened a new generation of political participation. A dozen U.S. congressmen and women, including Fla. Sen. Marco Rubio and N.J. Rep. Christopher Smith, submitted the nomination to the Nobel committee Thursday, 'in recognition of their peaceful efforts to bring political reform and self-determination to Hong Kong.' The congress members, several of them chairs of the bipartisan Congressional-Executive Commission on China (CECC), announced their intention to nominate the trio late last year... The nomination letter also referenced Liu Xiaobo, the 2010 Peace Prize winner who died in detention in China last year."
  • CNBC：A private indicator of China's economy just came in better than expected
    CNBC reports: "A survey focused on small and mid-size manufacturing in China beat expectations on Thursday as factory output hit a 13-month high. The Caixin/Markit manufacturing Purchasing Managers' Index for January came in at 51.5. Economists polled by Reuters expected the private Caixin/Markit PMI to come in at 51.3 in January versus 51.5 in December. A reading above 50 indicates expansion, while a reading below that signals contraction. Growth was supported by increases in total new work and new export sales, Caixin and Markit said in a joint press release. Even though sub-indices reflect improving conditions in output, overall new business and new export orders increased at a slower pace than a month ago, pointing to moderating demand, said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin. The Caixin/Markit survey focuses on small and mid-size businesses in China and comes after the world's second-largest economy reported official January manufacturing PMI on Wednesday that hit an eight-month low."
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