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Media Report
March 13 , 2018
  • The Washington Post reports: "China announced Tuesday it will bolster the power of its environmental ministry and establish a new agency to coordinate its foreign aid program in one of the biggest shake-ups of the government structure in decades. The changes cut the number of ministries in China's cabinet, the State Council, by eight down to 26 to streamline government and reduce bureaucratic infighting. But it will also strengthen the Communist Party's top-down control, one of President Xi Jinping's overriding goals, officials said. The overhaul also included a decision to merge the banking and insurance regulatory agencies to improve supervision of the country's debt-laden financial sector."
  • Politico reports: "President Donald Trump is getting ready to crack down on China. Trump told Cabinet secretaries and top advisers during a meeting at the White House last week that he wanted to soon hit China with steep tariffs and investment restrictions in response to allegations of intellectual property theft, according to three people familiar with the internal discussions. During the meeting... U.S. Trade Representative Robert Lighthizer presented Trump with a package of tariffs that would target the equivalent of $30 billion a year in Chinese imports. In response, Trump urged Lighthizer to aim for an even bigger number – and he instructed administration officials to be ready for a formal announcement in the coming weeks."
  • In an op-ed in the The New York Times, U.S. Senator Marco Rubio writes: "After World War II, the United States helped build an international economic order on the assumption that free and fair trade benefits all partners. During the postwar years, the American economy was unmatched by any other country. The postwar boom was fueled not just by thriving domestic demand but also by trade, which opened a flow of wealth from the world's consumers to American workers. Trade made America and our partners more prosperous and secure. This basic case for trade still stands. When we exchange goods with other nations on equal terms, both countries benefit. Maintaining the conditions that make this possible is the purpose of the international economic order that we took great care to nurture. We need to take violations of this economic order seriously. We must enforce the rules. China, in pursuit of its goals of economic and regional dominance, has been among the most egregious rule breakers."
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