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Media Report
June 05 , 2018
  • The New York Times：A Trump-Kim Deal Could Send China's Trade With North Korea Soaring
    The New York Times reports: "In the Chinese border town of Hunchun, garment factories gladly employ squads of North Koreans, who are valued as skilled and dutiful workers. Live crab from the North wriggle in huge tanks in the fish market. Informal bankers promise to deliver the equivalent of thousands of dollars in Chinese currency to North Koreans across the border in a matter of hours. Up and down the 900-mile border, in fact, Chinese businesspeople export and import things like Chinese-made street lighting and exotic North Korean-grown mushrooms. By all indications, China has at least officially enforced the international sanctions that have been imposed on the North to curtail its nuclear weapons program. But on the border, the signs of North Korea's economic dependence on China are evident in a shadow economy of cash couriers, short-term workers and gray-market trading that has persisted despite the sanctions."
  • The Wall Street Journal：OPEC Faces New Concern Over Global Oil Stocks: China
    The Wall Street Journal reports: "Having drained one glut, OPEC and its allies have found a new, brimming oil hoard to worry about: China's crude reserves. China's state-and-commercial-owned oil stores will help the Organization of the Petroleum Exporting Countries and other major producers determine whether to continue their supply cuts or open the taps wider again, say some officials from the cartel. Those cuts sent the oil price surging as inventories fell, and Russia and Saudi Arabia now want to boost production. But some signatories to the 2016 pact to cut supplies say that China's huge and opaque store of oil needs to be taken into account after being ignored for years, according to OPEC officials. Excess Chinese oil could feed into any resurgent glut and push prices down... The most recent data suggests that U.S. production may be on the rise again."
  • Quartz：China is expanding its military footprint in Africa
    Quartz reports: "China has announced it will host the inaugural China-Africa defense and security forum later this month, signaling its deepening engagement in Africa. Military officials say the summit will focus on regional security issues, financing and upgrading Africa's security capacities, and improving defense cooperation. The forum comes amid rising Sino-African political and economic relations, with growing diplomatic links, investments in much-needed infrastructure, and training of the next generation of African elites. China is striving to project itself as a responsible global power and to craft a positive image of itself on the world stage."
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