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Media Report
April 24 , 2018
  • Reuters reports: "China's breaches of World Trade Organization (WTO) rules are detrimental to the United States and there are worrying signs that the world's second-largest economy is moving backward, the U.S. consul general of Hong Kong and Macau said on Tuesday. Kurt Tong was speaking at the Foreign Correspondents' Club amid escalating tensions after China and the United States threatened each other with tens of billions of dollars in tariffs, fanning worries of a full-blown trade war... Worries of a trade war have rattled investors and created uncertainty in global supply chains and among business leaders contemplating investment plans."
  • Bloomberg reports: "China's leaders are giving their strongest signal since 2015 that growth in the world's second-largest economy could slow -- and that they're prepared to tweak policy if trade or financial risks threaten a sharp deceleration. Hard work is needed to meet this year's economic targets amid an increasingly complicated geopolitical situation, according to a statement released by state media Mondayfollowing a Politburo meeting led by President Xi Jinping. Though growth remained robust in the first quarter, forecasters still see the economy slowing this year as trade tensions with the U.S. and the campaign to clean up the financial sector remain as downside factors... Stocks in Shanghai rallied the most in two months Tuesday."
  • Newsweek reports: "Taiwan will simulate taking on an invading force in war games next week amid its increasing tensions with China. Taipei will conduct exercises in which it will repair a major air base and use civilian operated drones, Reuters reported. The annual Han Kuang drills, which start on April 30, make no mention of China, only 'offensive forces invading Taiwan' and will include a live-fire field training exercise and 'enemy elimination on beaches.'"
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