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Media Report
April 27 , 2018
  • The Washington Post reports: "A senior Trump administration delegation is heading to China next week to discuss a possible deal to avert a trade war, but Beijing still refuses to address the real problems in the U.S.-China economic relationship. The Chinese plan is to offer the Americans flimsy, short-term concessions that will tempt President Trump to declare victory before the fight begins. He must not fall into the trap. The trip by Treasury Secretary Steven Mnuchin, National Economic Council Director Larry Kudlow, U.S. Trade Representative Robert E. Lighthizer and White House Office of Trade and Manufacturing Policy Director Peter Navarro may be the last chance to avert U.S. imposition of up to $150 billion of tariffs Trump has either announced or threatened."
  • The Wall Street Journal reports: "Eight decades after his grandfather was killed during the Chinese civil war, Fang Huaqing is fighting to defend his legacy as a Communist hero. Mr. Fang has filed legal complaints against online critics of his ancestor's record over the past year. His campaign got a boost Friday, when China's legislature passed a law that requires "all of society" to "honor, study and defend" Communist Party-approved heroes and martyrs. The law, which takes effect Tuesday, subjects anyone who defames members of that select group to potential criminal penalties and civil liabilities... Enforcing control over Chinese history is a priority for President Xi Jinping, who has staked the legitimacy of Communist rule on claims that he and his ruling party are guiding China's return to greatness."
  • Forbes comments: "China wants to expand its influence in South Asia --  in all of it, the land, the sea, and the air... The trouble is that Beijing's plan has misjudged India—A miscalculation that could revive old animosities... That's something foreign investors should watch closely, as a clash between India and China would have devastating effects on the economic integration of South Asia and the performance of the financial markets of the region. Officially, China and India are moving closer to addressing old and new issues that divide them, with high profile meetings like the one at the end of this week, when Prime Minister Narendra Modi will meet with the Chinese President Xi Jinping... But unofficially, India and China are moving further apart, due to Beijing's miscalculation of India's capability to spoil its plans."
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