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Media Report
May 09 , 2018
  • The Washington Post reports: "The surprise China-North Korea summit this week is intended to ensure that Beijing's voice is heard when North Korean leader Kim Jong Un holds a historic meeting with President Donald Trump. Chinese President Xi Jinping wants to protect his country's strategic interests on the Korean Peninsula, particularly when it comes to maintaining a friendly regime in Pyongyang as a buffer from the U.S. and South Korean forces stationed across the 38th parallel. U.S. Secretary of State Mike Pompeo arrived in North Korea on Wednesday, just a day after Kim's visit, to finalize details for Trump's summit with Kim. Kim, meanwhile, registered his desire for Chinese support in the talks, particularly his call for a "phased and synchronous" approach to denuclearization, as opposed to Trump's demand for an immediate end to its nuclear programs."
  • CNN reports: "President Donald Trump put Iran back in the penalty box on Tuesday — but the impact on the oil market could be determined by how China responds. China, a voracious consumer of oil, holds great sway because it's Iran's biggest customer. Almost one-third of Iranian oil shipments this year have gone to China... Trump announced his intent on Tuesday to quit the Iran nuclear deal and reimpose sanctions on the country. Oil prices shot up in the weeks before Trump's well-telegraphed decision. Traders placed bets that Trump's tough stance on Tehran would significantly reduce the flow of crude from Iran, just as a global oil glut appears to be coming to an end... Even close allies in the European Union are signaling frustration with Trump's decision. Beijing could be even less likely to go along."
  • The Wall Street Journal reports: "A landmark agreement aimed at healing a nearly 70-year rift between Beijing and the Vatican is in limbo as the Chinese government tightens control over religion. The Vatican had hoped to clear the biggest hurdle to the deal—intended to bring together China's state-backed and unauthorized Catholic communities—at a meeting this month... but it has yet to be scheduled. At that meeting, the people said, Vatican officials had planned to accede to China's main precondition for a deal: the formal recognition of seven excommunicated Chinese bishops appointed by the government without the approval of the pope."
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