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Media Report
May 21 , 2018
  • CNN：China tests bombers on South China Sea island
    CNN reports: "China says it has landed long-range bombers for the first time on an island in the South China Sea, the latest in a series of maneuvers putting Beijing at odds with its neighbors and Washington over China's growing military presence around disputed islands. The People's Liberation Army Air Force... announced on Friday it successfully organized the takeoff and landing of several bombers, including the nuclear-capable H-6K, on an unspecified island. The PLA claimed the mission was a part of China's aim to achieve a broader regional reach, quicker mobilization, and greater strike capabilities. A military expert, Wang Mingliang, was quoted in the statement as saying the training will hone the Chinese air force's war-preparation skills and its ability to respond to various security threats in the region, where China claims large swathes of territory."
  • CNBC：Be careful if China cuts you a check, says former US trade official
    CNBC reports: "President Donald Trump's administration should focus on pushing for structural changes in China, rather than on the massive trade imbalance between the world's two largest economies, a former U.S. government official said Monday. "I'd say focus more on structural changes, getting market opening, fair treatment, level playing field, IP (intellectual property) issues, investment protection. Focus on those kind of issues that will allow you to sell on market terms," said Frank Lavin, who was formerly U.S. Under Secretary of Commerce for international trade. Lavin said the U.S. administration should be wary of getting a deal from Beijing that would only be a short-term solution... Lavin's comments came after U.S. Treasury Secretary Steven Mnuchin said on Sunday that the world's two largest economies agreed to drop their tariff threats while they work on a wider trade agreement."
  • The Washington Post：China is winning Trump's trade war
    The Washington Post comments: "It was easy to miss the U.S.-China trade statement that the White House released Saturday, right in the midst of royal wedding mania. But it's hard to hide that China looks as if it's winning President Trump's trade skirmish — so far. The statement said that, after several days of talks, the Chinese agreed to "substantially" reduce the United States' $375 billion trade deficit with China and that the details would be worked out later. It was noticeably vague. Notice China didn't agree to a specific amount. On Friday, Trump's top economic adviser, Larry Kudlow, was telling reporters that the Chinese had agreed to reduce the deficit by "at least" $200 billion. China quickly denied that, and, a day later, the official statement didn't have a concrete number, a seeming victory for the Chinese."
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