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Media Report
April 26 , 2018
  • The Wall Street Journal：Beijing Ready to Hit Back if U.S. Curbs Chinese Investments
    The Wall Street Journal reports: "The U.S. threat of investment restrictions is already damping the enthusiasm of Chinese businesses, with some canceling or slowing plans to invest in the American market, China's Commerce Ministry said. Ministry spokesman Gao Feng, without specifying what actions China could take, said Beijing is prepared to respond if the U.S. goes ahead with the plan. "We are sticking to our bottom-line thinking and are prepared to take action," he told reporters Thursday at a routine briefing.Rising uncertainty about the possible U.S. restrictions has already led some Chinese firms to reconsider their investment plans there, Mr. Gao said. He didn't name any specific businesses, but said that reduced investment from Chinese companies could affect U.S. employment and economic growth."
  • Reuters：China says opposes countries imposing their own laws on others
    Reuters reports: "China opposes the use of a country's domestic laws to control others, a foreign ministry spokeswoman said on Thursday, when asked if Chinese tech company Huawei had violated U.S. sanctions related to Iran. Hua Chunying made the comment at a daily briefing, while also urging the United States not to do anything else that harmed the openness of international trade. U.S. prosecutors in New York have been investigating whether Huawei violated U.S. sanctions in relation to Iran, according to sources familiar with the situation."
  • CNN：Chinese smartphone sales suffer biggest decline ever
    CNN reports: "Smartphone shipments in China have suffered their biggest decline ever, plummeting more than 21% in the first quarter of 2018 compared with the same period last year, according to a new report from research firm Canalys. Chinese consumers bought just 91 million phones in the first three months of this year. The last time the number was that low was in the fourth quarter of 2013. Canalys had forecast the decline but didn't "foresee the drop would be so huge," said Canalys analyst Mo Jia. The report comes as Samsung, the world's largest smartphone maker, boasted record quarterly earnings on Thursday, reporting an increase of 52% over the previous year."
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