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August 06 , 2018
  • Bloomberg：China Meets Trump's Tariff Hardball With Pledge to Endure
    Bloomberg reports: "After a weekend of claims by U.S. President Donald Trump that he has the upper hand in the trade war with China, Beijing responded through state media by saying the nation is ready to endure the economic fallout. China is prepared for a "protracted war" and doesn't fear sacrificing short-term economic interests... "Considering the unreasonable U.S. demands, a trade war is an act that aims to crush China's economic sovereignty, trying to force China to be a U.S. economic vassal." The exchange of barbs between the two sides follows the release late Friday in Beijing of a tariff list designed to retaliate against the U.S. threat to impose new duties on $200 billion of Chinese imports."
  • CNBC：Beijing is more worried about domestic issues than its trade war with Washington, research firm says
    CNBC reports: "The elevation in trade tensions between the U.S. and China may have dominated headlines in recent months, but a tariff war is not the most pressing concern for Beijing, according to one research firm. Rather, more domestic concerns are seen to be taking priority, London-based consultancy TS Lombard said in a research note last week. "For the Chinese leadership, stabilizing the domestic economy, pursuing the 'Made in China 2025' modernization program, defending the power structure constructed by [Chinese President] Xi Jinping and pursuing the global ambitions set out by the Communist Party take precedence over the trade war with the U.S.," Jonathan Fenby, China research chairman at TS Lombard, wrote in the note. Still, the trade dispute, which has roiled global markets and unsettled the business community in recent months, has had an impact."
  • The Wall Street Journal：Senators Signal Concerns Over China's Global Investments
    The Wall Street Journal reports: "Several U.S. senators are pressing the Trump administration to detail what it is doing to deal with Beijing's financing of international infrastructure projects that have left many countries indebted to China and potentially in need of bailouts. In a letter to Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo, the senators asked officials how they will push the International Monetary Fund to address problems arising from China's global investment plan, the "Belt and Road Initiative." About 70 countries are hosting projects funded under China's plan, with many of them in deep debt distress."
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