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Media Report
August 14 , 2018
  • The Wall Street Journal：China's Growth Engine Sputters as It Battles U.S. Over Trade
    The Wall Street Journal reports: "As China girds for an escalating trade fight with the U.S., it is facing increasing trouble on the home front from a slowing economy. Spending on so-called fixed assets such as factory machinery and public works projects cooled to the lowest point in nearly two decades, the government reported Tuesday... Other data also pointed to economic challenges. Retail sales grew, but not as sharply as analysts had expected. And unemployment ticked up to 5.1% last month, from 4.8% in June, the National Bureau of Statistics said. Taken together, the data suggest that China can't go toe-to-toe in retaliating against U.S. trade levies, said Shuang Ding, an economist with Standard Chartered Bank in Hong Kong."
  • Bloomberg：The Next Reboot: Cold War, This Time With China
    Bloomberg reports: "President Donald Trump's trade war with China might just be a temporary dust-up, ending when China throws him a bone that lets him declare victory and us get back to business as usual. Or this could be the opening stages of a new Cold War between the U.S. and China, which will continue no matter who's in the White House, suggests Conor Sen. One hint: China has an initiative called "Made in China 2025," aiming to become the world's dominant economy by the time President Ivanka Trump's first term begins. This rivalry could realign American politics just as the Cold War with the Soviet Union did, Conor writes... And David Fickling suggests China is giving off a whiff of late-Soviet desperation with its other big initiative, the "Belt and Road" plan to spend about $1.5 trillion in infrastructure beyond its borders. It smacks of the Soviet Union's Siberian buildup – a money pit that ultimately contributed to the USSR's collapse."
  • CNBC：China angered by new US defense act, says to assess content
    CNBC reports: "China on Tuesday condemned measures targeting it in a new U.S. defense act, saying it would comprehensively assess aspects that beef up the role of a key panel tasked with reviewing foreign investment proposals. China's complaints about the act come as the world's two biggest economies engage in an increasingly bitter fight over trade, levying tariffs on each others' products. U.S. President Donald Trump signed a $716-billion defense policy act on Monday that authorizes military spending and waters down controls on U.S. government contracts with China's ZTE Corp and Huawei Technologies."
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