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Media Report
June 27 , 2018
  • The New York Times：Trump Backs Softer Restrictions on Chinese Investment
    The New York Times reports: "President Trump said his administration will take a more moderate approach to limit Chinese investment in the United States, rejecting more aggressive restrictions that would have imposed new curbs on Beijing and further inflamed a trade dispute between the two countries. Mr. Trump said on Wednesday morning that he supports a bipartisan push in Congress to expand the authority of the Committee on Foreign Investment in the United States, or Cfius, which reviews foreign investments for security threats. Mr. Trump said he will back an expansion of the committee's powers to address concerns about China buying stakes in American companies in order to acquire valuable technology and trade secrets. "I have concluded that such legislation will provide additional tools to combat the predatory investment practices that threaten our critical technology leadership, national security, and future economic prosperity," Mr. Trump said in a statement on Wednesday morning."
  • CNN：Why China will think twice about squeezing US companies
    CNN reports: "American companies operating in China are likely to find themselves in the firing line as the trade fight between Washington and Beijing intensifies. But making life difficult for big US brands could bring painful consequences for Chinese industries, too, experts say. The Chinese government has a track record of disrupting the businesses of companies from countries with which it's locked in political disputes.... "I think it's almost inevitable. China has done this before," said Andrew Polk, founding partner at Beijing-based advisory firm Trivium. "They already have many ways of disrupting businesses for multinationals." Experts say top companies with big operations in China, such as Apple (AAPL) and GM (GM), could come under pressure."
  • Newsweek：Marco Rubio Accuses Trump of Backtracking on China
    Newsweek reports: "Republican Senator Marco Rubio has accused President Donald Trump of "backtracking" promises to tighten the noose around Chinese investment in American companies. According to the Wall Street Journal, Trump plans to use existing tools to filter Chinese investment that may be a vessel for stealing intellectual property from U.S. technology companies. The president said earlier reports that his administration was drawing up new initiatives to stop China stealing American technology secrets were "a bad leak" and "probably just made up." "If in fact President Trump is now backtracking on tough limits on Chinese investment, it is a VERY BIG MISTAKE," tweeted Rubio, who unsuccessfully challenged Trump for the 2016 Republican presidential nomination. "#China is strategically buying up U.S. companies specializing in cutting edge technology. What they don't steal from us they buy away from us.""
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