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Media Report
April 13 , 2018
  • The Wall Street Journal：China's Trade Surplus With U.S. Soars
    The Wall Street Journal reports: "China's trade imbalance with the U.S. worsened sharply in the first three months of the year, potentially adding fuel to the countries' already heated trade dispute. China's trade surplus with the U.S. reached $58.25 billion in the first quarter, up 19.4% compared with the same period a year ago, official data released Friday showed. The rise in the surplus with the U.S. contrasted with China's overall trade surplus, which decreased nearly 20% from a year ago to $48.39 billion in the first quarter. Chinese officials and economists have long attributed the imbalance to deeper economic factors, including the countries' differences in industrial structures and in household savings rates. Huang Songping, a spokesman for China's customs administration, told reporters that the imbalance should be looked at "in an objective and rational way.""
  • The New York Times：Is Trump Serious About Trade War? China's Leaders Hunt for Answers
    The New York Times reports: "In an elegantly furnished back room at a conference in eastern China in December, a member of the Chinese leadership asked American tech executives for help. The official, Wang Huning, a Communist Party strategist who has spent much of his career sizing up the United States as a geopolitical rival, wanted to know whether President Trump was serious about a trade war with China...He has not been alone. For the past few months, some of the most powerful men in China... have been casting about for a better understanding of Mr. Trump and how to respond to his combative trade agenda... In these meetings, the Americans have warned that Mr. Trump's complaints should be taken seriously because of widespread frustration in Washington with Chinese policies, especially a $300 billion program to dominate critical high-tech industries, known as Made in China 2025, that has alarmed the United States national security establishment."Is Trump Serious About Trade War? China's Leaders Hunt for Answers    
  • Bloomberg：Xi Shows Off China's Naval Power With Fleet Review, Taiwan Drills
    Bloomberg reports: "President Xi Jinping showed off China's naval might, presiding over the country's biggest-ever fleet review, while announcing live-fire military drills in the Taiwan Strait. Xi, clad in camouflage military fatigues, observed 48 vessels, 76 aircraft and more than 10,000 service personnel at the South China Sea naval hub of Sanya, including the aircraft carrier Liaoning... China has spent the past two decades building a "blue-water'' navy able to project force into the Indian and Pacific oceans, which surround the country's growing economic interests in Africa, the Middle East and Southeast Asia... Xi urged the navy to stay on high alert, safeguard national interests and also strengthen the leadership of the Communist Party."
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