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Media Report
July 20 , 2018
  • The Hill：Trump: 'Ready to go' with tariffs on all Chinese imports
    The Hill reports: "President Trump in an interview that aired Friday said that he's "ready to go" with $500 billion in tariffs on China after already slapping the country with a series of tariffs. Trump said in an interview with CNBC that the U.S. is "down a tremendous amount" in terms of trade with China saying that China "can't match us because otherwise we're always going to be behind the 8-ball. I'm not doing this for politics. I'm doing this to do this right thing for our country. We have been ripped off by China for a long time and I told that to President Xi," Trump said."
  • CNBC：For years, China shied away from global conflicts. Not anymore
    CNBC reports: "As the world's second largest economy invests billions in continent-spanning infrastructure projects, it's building a stronger diplomatic voice to match its ever-expanding presence on the global stage. Across the developing world, Beijing has been engaging in mediation diplomacy — a style of conflict resolution where it's the sole or principal moderator — to protect its assets and gain recognition as a respectable superpower. Africa, where Chinese President Xi Jinping will be touring in the coming days, has long been a training ground for Chinese peace efforts... Just this week, the communist state offered to mediate in a border dispute between Eritrea and Djibouti, the latter of which is home to China's first overseas military base."
  • Bloomberg：China's Peer-to-Peer Lenders Are Falling Like Dominoes as Panic Spreads
    Bloomberg reports: "The shakeout in China's $192 billion peer-to-peer lending industry is accelerating at a rapid clip. At least 118 platforms have failed this month through early Friday, according to Shanghai-based Yingcan Group, whose tally for July stood at 57 just three days ago. The number of failures, which includes platforms that have halted operations or come under police investigation, is already the highest in two years with more than a week left in the month. China's clampdown on financial risk has weighed on P2P platforms for the past two years, but the pressure has intensified in recent months after the country's credit markets tightened."
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