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Media Report
August 16 , 2018
  • CNN reports: "China says new talks with the United States are set to take place amid the trade war between the two economic superpowers.The Chinese Commerce Ministry announced Thursday that a delegation will travel to the United States later this month for talks. The visit is at the invitation of the United States, the ministry said in a short statement. Previous rounds of talks between the two countries failed to make much progress, resulting in the outbreak of a trade war that has already hurt businesses on both sides of the Pacific. The countries imposed steep tariffs on billions of dollars of each other's exports this summer and have threatened more."

  • Reuters reports: "Hackers operating from an elite Chinese university probed American companies and government departments for espionage opportunities following a U.S. trade delegation visit to China earlier this year, security researchers told Reuters. Cybersecurity firm Recorded Future said the group used computers at China's Tsinghua University to target U.S. energy and communications companies, and the Alaskan state government, in the weeks before and after Alaska's trade mission to China. Led by Governor Bill Walker, companies and economic development agencies spent a week in China in May. Organizations involved in the trade mission were subject to focused attention from Chinese hackers, underscoring the tensions around an escalating tit-for-tat trade war between Washington and Beijing."
  • The New York Time reports: "Its chat app has inspired Silicon Valley. It owns some of the biggest video game franchises in the world. And after years of growth it has become one of the largest internet companies in the world. Yet on Wednesday, Tencent stumbled, missing earnings targets and posting a drop in profit growth for the first time in more than a decade. As surprising as the slip up was the reason behind it: China's government. Bureaucratic reshuffling at the top levels of China's government made it difficult for the company to get the licensing required to make money on new games, Tencent's president, Martin Lau, explained on an earnings call."
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