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Media Report
May 17 , 2018
  • CNBC reports: "President Donald Trump said Thursday that he doubts high-stakes trade negotiations with China will succeed. "Will that be successful? I tend to doubt it," the president told reporters during an appearance with NATO Secretary-General Jens Stoltenberg. "The reason I doubt it is because China has become very spoiled. The European Union has become very spoiled. Other countries have become very spoiled, because they always got 100 percent of whatever they wanted from the United States... But we can't allow that to happen anymore," Trump added. A Chinese delegation is currently in Washington taking part in talks with top Trump administration officials."
  • CNN reports: "OneSpace, a startup based in Beijing, on Thursdaybecame the country's first private company to launch its own rocket. It said its 9-meter-tall OS-X rocket successfully blasted off from a base in northwestern China. The aim of the mission is to collect data for a research project the startup is working on with the Aviation Industry Corporation of China, a state-owned company. Founded in 2015, OneSpace is often likened to Elon Musk's rocket company, SpaceX... Although the company stresses it's privately owned, it does have some links to Chinese authorities. It says it cooperates with Chinese military institutions on research and development and technical services. The startup also has a manufacturing plant in the southwestern city of Chongqing that is partly owned by the local government."
  • CNBC reports: "U.S. President Donald Trump "flip-flops" so much in his stance over trade and tariffs with China that it's difficult to know what stocks to buy and avoid, an economist and strategist told CNBC ahead of the next round of Sino-U.S. trade talks aimed at averting a trade war. "The president (Trump) has an uncanny habit of saying 'yeah, yeah we'll punish you' and then 'no, no we won't," Andrew Freris, chief executive of Ecognosis Advisory, told CNBC on Thursday... Freris' comments come as the U.S. and China are set to start another round of trade talks on Thursday. The atmosphere could be a little frosty given a war of words and threats over trade tariffs in recent weeks. Trump has criticized what he sees as unfair trade practices and threatened to impose up to $150 billion of tariffs on Chinese goods."

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