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Media Report
July 17 , 2018
  • CNBC：China's stocks have been trounced, but the trade war may ultimately be good news for those shares
    CNBC reports: "Amid trade tensions, Chinese mainland stocks are down almost 30 percent since their peak in January. Despite that fall, the market is still an attractive medium-term buy, according to a top asset management firm. "We think that on a medium- to long-term horizon, the A-share market looks attractive, and we are looking for entry points," Amundi Asset Management analysts wrote in a note on Monday, referring to stocks traded on the mainland. The best opportunities are in domestic and consumption-driven stocks, they said. Bank and property shares are also potential steals, the note added."
  • The Wall Street Journal：The President Turns the Tables on China
    The Wall Street Journal reports: "An overlooked irony of the American trade dispute with China is that Donald Trump is the first U.S. president to fight back using Chinese tactics. This time, it's the Chinese officials who are frustrated over the lack of clarity in demands, the sudden changes in negotiating positions, and the unpredictable escalation of tensions. Usually it's the other way around, as U.S. negotiators in government and business can attest. Chinese officials often blame the foreign counterpart for any number of problems. The foreigners then have a duty, according to the Chinese, to make things right. An old proverb often cited is that a man who drops a stone on his own foot must take responsibility for picking it up... Unwittingly, Mr. Trump is turning China's tried-and-true approach against it."
  • The New York Times：Hong Kong May Ban Political Party That Seeks Independence From China
    The New York Times reports: "The Hong Kong authorities said Tuesdaythat they were considering banning a political party that advocates the city's independence from China, an aggressive move against separatist sentiments that added to concerns about growing restrictions on political freedom in the territory. The two-year-old political party targeted by the government, the Hong Kong National Party, is small, claiming at most a few dozen members and no elected lawmakers. The government has previously placed restrictions on the party, barring its head, Chan Ho-tin, from running for office two years ago."
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