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Media Report
July 30 , 2018
  • CNBC reports: "Washington's apparent shift of emphasis from its unassailable trade argument to an uncertain legal battle about China's foreign trade policies and practices looks like an own goal. Upon reflection, Washington could soon recover. Some own goals during the recent World Cup ultimately led to a win. By its size and complexity, the trade deficit with China is, arguably, one of the most acute problems ever encountered in American economic history. Its solution requires a bilateral agreement to rapidly and drastically narrow that trade gap — which stands at hundreds of billions of dollars."
  • Bloomberg reports: "China's foreign minister said Monday that his country remains committed to the "one country, two systems" governing framework in Hong Kong, despite growing concerns that Beijing is eroding the former British colony's civil liberties. Wang Yi told reporters following talks with his British counterpart, Jeremy Hunt, that China would continue to follow the system put in place when the city was turned over to Chinese rule in 1997. "Hong Kong affairs are the domestic affairs of China. We do not welcome nor do we accept other countries to interfere in China's domestic affairs," Wang said at a joint news conference."

  • Financial Times reports: "China's Belt and Road Initiative is commonly seen as a programme to fund and build infrastructure in some 78 countries around the globe. It is also Beijing's bid to reshape the world by offering an alternative developmental vision to the US-led world order. In the Chinese context, it is the linchpin of President Xi Jinping's grand design to create a "community with a shared future for mankind". As such, the Belt and Road (BRI) is officially intended to showcase an open, inclusive form of development which benefits all countries that participate. To criticise BRI, therefore, is to censure a rising China's proposition to the world."
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