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Media Report
June 28 , 2018
  • Bloomberg：Xi Warns Mattis China Won't Surrender 'One Inch' of Territory
    Bloomberg reports: "President Xi Jinping told U.S. Defense Secretary James Mattis he wouldn't give up any territory that China considered its own, an unusually blunt warning as security disputes simmer below a fight over trade. Xi made his remarks while meeting Mattis on Wednesday in Beijing, the first such visit by a U.S. defense chief in more than four years. The comments appeared to be a reference to U.S. complaints about Chinese military deployments in the disputed South China Sea and a push by American lawmakers to expand ties with the democratically run island of Taiwan, which Beijing considers a province. "Our stance is steadfast and clear-cut when it comes to China's sovereignty and territorial integrity," Xi said, according to the official Xinhua News Agency. "We cannot lose one inch of territory passed down by our ancestors. Meanwhile, we want nothing from others.""
  • CNBC：For China, an intentional weakening of its currency would be ill-timed
    CNBC reports: "As trade tensions flare up between the U.S. and China, many investors are asking whether Beijing will look to weaken its own currency to retaliate against Washington tariffs. The Chinese yuan, which trades in a band versus the dollar, has now weakened to its lowest level since December 20 and saw a daily loss of 0.3 percent on Thursday. The trend lower has led many market participants to believe that Chinese policymakers may be paving the way toward a sustained depreciation, and that caution is warranted. The weakening currency comes amid a slowing economic backdrop and a pickup in financial market volatility that has seen Chinese equities officially enter into bear territory this week."
  • Vox：Trump just backed down from a big trade fight with China
    Vox reports: "After weeks of anticipation, President Donald Trump has decided to back down from a hard-hitting policy that would sharply restrict Chinese investment in the US — opting to work with Congress on a more modest measure instead. Trump's decision should at least temporarily defuse tensions between the US and China, who are on the brink of an all-out trade war over China's trade policies. Earlier this week reports indicated that Trump was on the verge of using emergency presidential powers to issue an order to dramatically restrict Chinese investment in US businesses. The Treasury Department was reportedly looking into rules that would block firms with at least 25 percent Chinese ownership from investing in US companies with "industrially significant technology"... Experts say China currently sees buying technology from American companies as a key strategy for developing its own manufacturing capacities."
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