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Media Report
July 24 , 2018
  • The Wall Street Journal：Apple Vulnerable in U.S.-China Trade Showdown
    The Wall Street Journal reports: "The phrase on the back of iPhones—"Designed by Apple in California. Assembled in China"—highlights a key reason for the company's remarkable success but also shows how exposed it is to the escalating U.S.-China trade fight. By assembling its phones in China, Apple Inc. AAPL 0.51% tapped into China's vast workforce and formidable manufacturing capabilities. But it also made Apple's most-profitable product a Chinese export—one that could be subject to tariffs in the trade dispute. On top of that, China is by far Apple's most important market outside the U.S., leaving it exposed if Beijing decides to retaliate by squeezing its sales. "They should be nervous," said David Dollar, a China scholar at the Brookings Institution, who was the U.S. Treasury's top official in Beijing during the Obama administration."
  • CNN：Defense bill offers harsh words for Russia and China
    CNN reports: "The final version of the 2019 defense bill offers harsh words for Russia and China, keeping in place restrictions that prevent the US military from cooperating with Moscow. The $717 billion bill "prohibits military-to-military cooperation with Russia," according to a summary of the legislation released by Republican Rep. Mac Thornberry of Texas, the chairman of the House Armed Services Committee. That prohibition was also contained in previous years' versions of the bill but comes as Moscow has floated increased cooperation following President Donald Trump's meeting with Russian President Vladimir Putin in Helsinki."
  • CNN：China cuts taxes to protect its economy from the trade war
    CNN reports: "China is looking for new ways to pump up its slowing economy as a trade war with the United States escalates. Beijing has announced a range of measures including tax cuts, infrastructure spending and new loans to business as its tries to reinvigorate economic growth, which has begun to slow in recent months. The tax cuts for business are relatively small — worth about $10 billion — but they come on top of much bigger injections of funds into the banking system in recent weeks aimed at boosting activity. The Chinese government said in a statement late Monday that the new stimulus was intended to help the country cope with "an uncertain external environment.""
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