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Media Report
July 18 , 2018
  • CNBC：The trade war is complicating China's efforts to fix its economy
    CNBC reports: "The trade war with the U.S. couldn't have come at a worse timing for China, which had just begun focusing "in earnest" on fixing problems with its economy, J.P. Morgan analysts said on Wednesday. Many analysts have suggested that the impact of the Washington-Beijing trade skirmish will be relatively muted on the Chinese economy, noting that exports to the U.S. do not hold a commanding presence in China's economic portfolio. But that line of thinking does not take into account how tariffs will affect business sentiment, investment and growth in China, the J.P. Morgan analysts wrote in a note. Those indirect effects could lead to "large" collateral damage, they said."
  • The Hill：Trump is winning the trade war because China has more to lose
    The Hill reports: "Don't look now, but there are numerous signs that President Trump is winning the trade war with China. While the battle over tariffs and protecting intellectual property may eventually damage the United States' economy, there are signs that China is already paying a price for its refusal to bend to Trump's demands. One indicator of that price is the sharp plunge in China's stock exchanges. Since the White House announced the first tariffs — on washing machines and solar cells on Jan. 22 — the Shanghai Index of Chinese stocks is down nearly 20 percent, while the S&P 500 is off less than 1 percent. That decline of share values is occurring in spite of the first-time inclusion in the MSCI, an important international index, of many Chinese stocks on June 1. That initial index listing attracted billions of dollars toward Chinese stocks, in expectation it would boost prices, but it did not."
  • The Daily Beast：China Built an Army of Influence Agents in the U.S.
    The Daily Beast reports: "In May, a classified Australian government report revealed that the Chinese Communist Party had spent the last decade attempting to influence every level of that nation's government and politics. "Unlike Russia, which seems to be as much for a good time rather than a long time, the Chinese are strategic, patient, and they set down foundations of organizations and very consistent narratives over a long period of time," said the author of the report in March... The report, compiled under the auspices of an intelligence agency, examined Chinese attempts to influence politicians, political donations, media, and academia... Such a report could easily be written about the United States—and may soon be. U.S. intelligence agencies have long tracked Beijing's clandestine attempts at political influence inside the United States."
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