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Media Report
April 25 , 2018
  • The New York Times：Steven Mnuchin Will Head to China as Trade Tensions Mount
    The New York Times reports: "With trade tensions mounting between the United States and China, President Trump said he would dispatch his Treasury secretary, Steven Mnuchin, and other top economic advisers to Beijing next week to try to forestall an all-out trade war. On Tuesday, Mr. Trump said he was optimistic that the United States could reach a deal with China. But he warned that if the Asian nation did not live up to its promises to open its markets, his administration would proceed with the tariffs he has threatened to impose on as much as $150 billion worth of Chinese products... Mr. Trump said that the United States delegation was making the trip at China's request and that he was heartened by recent remarks by its president, Xi Jinping, suggesting that he was prepared to open his country's economy to more foreign investment and ease restrictions on imports of American cars."
  • Bloomberg：China Invites Foreign Cash to Build a World-Class Chip Industry
    Bloomberg reports: "China wants foreign investment in its plan to become a world-class player in semiconductors, a surprise move at a time the U.S. opposes the Asian nation's goal of dominating next-generation technologies. As part of efforts to reduce an overwhelming reliance on foreign technology, the Chinese government set up a fund that aims to raise up to 200 billion yuan ($31.7 billion) to back a spectrum of domestic firms from processor designers to equipment makers. The China Integrated Circuit Industry Investment Fund Co. will now take foreign money, the country's tech industry overseer said Wednesday. "The second phase of the national IC fund is still raising money. We welcome overseas companies to participate in the fund," Chen Yin, general engineer and spokesman of the Ministry of Industry and Information Technology, told reporters in Beijing."
  • CNBC：The WTO still considers China a 'developing nation.' Here's the big problem with that
    CNBC reports: "President Trump recently called out China for claiming the special privileges of a poor country, tweeting that "China, which is a great economic power, is considered a Developing Nation within the World Trade Organization. They therefore get tremendous perks and advantages, especially over the U.S. Does anybody think this is fair[?]" With a number of U.S.-China trade disputes simmering, this criticism from Trump seemed designed to justify his various tariff threats, on steel, aluminum and a wide range of other products. Like many of Trump's policy pronouncements, this one was clumsily framed and misleading, but had a grain of truth to it."
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