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June 25 , 2018
  • Bloomberg：Mnuchin Suffers Setback in U.S. Plan to Limit China Investments
    Bloomberg reports: "The Trump administration's plan to deploy some of the most restrictive investment limits in its economic arsenal against China marks a setback for Treasury Secretary Steven Mnuchin's effort to take a less confrontational approach toward Beijing. Under the plan, the White House would use one of the most expansive legal tools available to declare China's investment in U.S. companies involved in technologies such as new-energy vehicles, robotics and aerospace a threat to economic and national security, according to eight people familiar with the plans. Mnuchin has been working on the plans since as early as December, but has consistently urged a less aggressive approach that is negotiated with the Chinese behind closed doors."
  • CNBC：Trump plans to bar China from investing in US tech firms and block more tech exports
    CNBC reports: "President Donald Trump plans to bar many Chinese companies from investing in U.S. tech and to block additional technology exports to China, The Wall Street Journal reported on Sunday evening, citing people familiar with the matter. The two measures are set to be announced by the end of the week, and are intended to counter Beijing's Made in China 2025 — a Chinese initiative to be a global leader in technology. The Treasury Department is drawing up rules to block companies with at least 25 percent Chinese ownership from buying companies involved in "industrially significant technology"... The National Security Council and the Commerce Department are also putting together plans for tighter export controls that will not allow "industrially significant technology" to be exported to China."
  • CNN：China is unleashing more than $100 billion into its economy
    CNN reports: "China is freeing up more than $100 billion to help its economy, which is facing fears of a slowdown and an escalating trade war. The country's central bank said late Sunday that it is set to release as much as 700 billion yuan ($107 billion) into the financial system by reducing the amount of deposits that most commercial banks are required to hold. The move to cut the requirement by half a percentage point comes as the Chinese government is dealing with an emerging trade war with the United States and concerns its economy is weakening faster than expected. The reduction will encourage banks to lend additional cash to businesses and can generate more economic activity, analysts say. The cut is due to take effect on July 5, just one day before the United States and China plan to impose steep tariffs on tens of billions of dollars of each other's exports."
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