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Media Report
May 02 , 2018
  • CNBC：Chinese state media has a message for the US ahead of trade talks in Beijing
    CNBC reports: "Ahead of a meeting between officials from the world's two largest economies to iron out their trade tensions, state-owned Chinese media has one message for the American delegates: Don't expect China to give into all of your demand. "Washington had better not expect that its trade-war stick will force Beijing to take whatever the US delegation offers. The imminent dialogue must be held on an equal footing and the US delegation has to come with sincerity," said a Global Times editorial published on Wednesday. The meeting is scheduled to take place on Thursday and Friday in Beijing, after tensions between the two economic giants intensified in recent months with both sides threatening to impose additional tariffs on each other's products."
  • Bloomberg：China Is Weakening Its Currency Before U.S. Trade Talks Begin
    Bloomberg reports: "China weakened its daily currency fixing by more than traders and analysts had expected before high-ranking U.S. officials arrive in the country to discuss trade issues. The People's Bank of China cut the reference level to 6.3670 per dollar, weaker than the average estimate of 6.3610 in Bloomberg survey of 21 traders and analysts. The deviation is the biggest since Feb. 7 and continues a pattern set in April when the fixing was weaker than expected on all but one day, according to Bloomberg calculations... policy makers may also be keen to arrest the yuan's advance against a basket of peers."
  • The New York Times：Wary of Being Left Out, Japan Will Host Chinese and South Korean Leaders
    The New York Times reports: "A blistering pace of meetings to discuss the prospects for peace on the Korean Peninsula will continue next week in Tokyo, when Japan hosts a meeting with leaders from China and South Korea. Prime Minister Shinzo Abe announced on Tuesdayduring a visit to Amman, Jordan, that he would host President Moon Jae-in of South Korea and Premier Li Keqiang of China in Tokyo on May 9. The meeting would put Japan back into the diplomatic fray after it had looked increasingly isolated... Mr. Abe had spent the past year cultivating a close relationship with President Trump and hewing to the United States' hard-line approach to North Korea, only to be caught by surprise when Mr. Trump abruptly accepted an invitation to talk with the North's leader, Kim Jong-un."
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