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Media Report
June 26 , 2018
  • CNN：Why markets don't like US investment restrictions on China
    CNN reports: "The Trump administration is expected to announce limits on Chinese investment soon — a move that is shaking the business world... President Donald Trump's trade clash with China has already fed global economic uncertainty. The new restrictions would take that fight to new levels... Firms with at least 25% Chinese ownership would be barred from buying companies that are involved in technology that the White House considers important... That includes the aerospace, robotics and automotive industries. The Trump administration is also working on new export rules that would prevent those technologies from being shipped to China, the person said. The markets weren't happy. At one point Monday, the Dow fell almost 500 points. Amid the sell-off, Mnuchin tweeted that reports on the investment restrictions were 'false, fake news.' He suggested that the measures would be 'not specific to China, but to all countries that are trying to steal our technology.'"
  • 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."
  • The New York Times：How China Got Sri Lanka to Cough Up a Port
    The New York Times reports: "Every time Sri Lanka's president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes... Over years of construction and renegotiation with China Harbor Engineering Company... the Hambantota Port Development Project distinguished itself mostly by failing, as predicted. And then the port became China's. Mr. Rajapaksa was voted out of office in 2015, but Sri Lanka's new government struggled to make payments on the debt he had taken on. Under heavy pressure and after months of negotiations with the Chinese, the government handed over the port and 15,000 acres of land around it for 99 years in December. The transfer gave China control of territory just a few hundred miles off the shores of a rival, India, and a strategic foothold along a critical commercial and military waterway... The case is one of the most vivid examples of China's ambitious use of loans and aid to gain influence around the world — and of its willingness to play hardball to collect."
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