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Media Report
April 30 , 2018
  • The Wall Street Journal reports: "China's sending its foreign minister to North Korea as Beijing seeks to avoid being sidelined by its neighbor's top-level negotiations with Seoul and Washington. Chinese Foreign Minister Wang Yi is scheduled to visit North Korea on Wednesday and Thursday at the invitation of his North Korean counterpart, Ri Yong Ho, the Chinese Foreign Ministry said Monday in brief statement. Though no agenda was released, Mr. Wang's visit comes on the heels of Friday's summit between the leaders of North and South Korea, where the two sides agreed to seek a peace treaty to end the Korean War. On Sunday, the South Korean presidential office said that the North's Kim Jong Un had committed to closing its nuclear test site next month."
  • The New York Times reports: "China will refuse to discuss President Trump's two toughest trade demands when American negotiators arrive in Beijing this week, people involved in Chinese policymaking say, potentially forcing Washington to escalate the dispute or back down. The Chinese government is publicly calling for flexibility on both sides. But senior Beijing officials do not plan to discuss the Trump administration's two biggest demands: a mandatory $100 billion cut in America's $375 billion annual trade deficit with China and curbs on Beijing's $300 billion plan to bankroll the country's industrial upgrade into advanced technologies such as artificial intelligence, semiconductors, electric cars and commercial aircraft. The reason: Beijing feels its economy has become big enough and resilient enough to stand up to the United States."
  • CNBC reports: "Activity in China's vast manufacturing sector eased in April, as export orders slowed in another sign of ebbing economic growth, while a simmering Sino-U.S. trade row heightened risks for the industrial sector. The official Purchasing Managers' Index (PMI) released on Monday fell to 51.4 in April, from 51.5 in March, but remained well above the 50-point mark that separates growth from contraction on a monthly basis. It marked the 21st straight month of expanding business conditions in China. Analysts surveyed by Reuters had forecast the index would ease slightly to 51.3."
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