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Media Report
May 25 , 2018
  • Bloomberg：Trump Levies Would Hit Other Asia Economies Harder Than China's
    Bloomberg reports: "Other Asian economies would suffer more than China's if Donald Trump does deliver on his threats to slap $150 billion of tariffs on shipments from the world's biggest trading nation. That's according to Bloomberg economists Fielding Chen and Tom Orlik, who estimate that for every 10 percent drop in China's exports, the gross domestic product growth rate of Asian economies would fall 1.1 percentage points on average. China's would decrease by just 0.3 percentage point. While such a drop in shipments by the world's biggest trading nation is an extreme scenario, it's not an impossible one if Trump delivers on his tariffs threat, they said in a note Friday."
  • Reuters：Collapse of Trump-Kim summit threatens to deepen U.S.-China rift
    Reuters reports: "U.S. President Donald Trump's cancellation of a summit with North Korean leader Kim Jong Un threatens further strain on U.S.-China ties amid a trade dispute that had been intertwined with Beijing's pressure on isolated Pyongyang. The United States and China are also increasingly at odds in the disputed South China Sea. The Pentagon this week withdrew an invitation for China to take part in a major naval exercise in Hawaii, and Beijing has ramped up pressure on self-ruled Taiwan, armed by Washington but claimed by Beijing. Trump on Thursday released a letter to Kim announcing his withdrawal from the planned June 12 meeting in Singapore, which would have been the first between leaders of the two countries. Although Chinese state media called for continued engagement between Washington and Pyongyang, Trump's move could mark a split between China and the United States over how to deal with North Korea and its nuclear weapons."
  • CNN：Taiwan slams China after Burkina Faso cuts ties

    CNN reports: "Taiwan's President Tsai Ing-wen accused China of "serial acts of suppression" and "dollar diplomacy" after Burkina Faso became the second country in a month to break off diplomatic ties with the island in favor of Beijing. The move by the African nation, which was welcomed by China, came after the Dominican Republic announced it had severed ties with Taiwan, switching its allegiance to Beijing. China refuses to maintain diplomatic relations with any country that recognizes Taiwan, a self-governed and democratic island off China's southeastern coast that Beijing considers an integral part of its territory. Taipei reacted angrily to the news, which left the island with 18 diplomatic allies around the world -- mostly small and poor countries in the Pacific and the Caribbean."

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