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Media Report
August 21 , 2018
  • The New York Times：Companies Warn More China Tariffs Will Cripple Them and Hurt Consumers
    The New York Times reports: "As the United States and China prepare to resume fractious trade talks this week, executives from American companies flocked to Washington on Monday to warn the Trump administration that imposing tariffs on an additional $200 billion worth of Chinese goods would cripple their businesses and raise prices on everything from bicycles to car seats to refrigerators. Dozens of companies voiced concerns to trade officials during the first of six days of hearings on the administration's plan to impose tariffs of as much as 25 percent on a wide array of Chinese imports... While the companies appearing before the government panel varied widely, their concerns struck a similar theme: The United States is no longer equipped to produce many materials that they depend on for their products."
  • The New York Times：'We Cannot Afford This': Malaysia Pushes Back Against China's Vision
    The New York Times reports: "In the world's most vital maritime chokepoint, through which much of Asian trade passes, a Chinese power company is investing in a deepwater port large enough to host an aircraft carrier. Another state-owned Chinese company is revamping a harbor along the fiercely contested South China Sea. Nearby, a rail network mostly financed by a Chinese government bank is being built to speed Chinese goods along a new Silk Road. And a Chinese developer is creating four artificial islands that could become home to nearly three-quarters of a million people and are being heavily marketed to Chinese citizens. Each of these projects is being built in Malaysia, a Southeast Asian democracy at the heart of China's effort to gain global influence."
  • CNBC：China's biggest risk may be its property market — not the trade war
    CNBC reports: "Property is the biggest risk in the next 12 months, much greater than the trade war, according to Larry Hu, head of greater China economics at Macquarie. Last week, Nanjing, a tier two city, announced a ban on corporate purchases of residential properties, following similar moves to limit speculation by Shanghai and some other cities. However, the public still expects property prices will increase because the government has constantly switched between tightening and easing policies, often to prevent a drop in growth, according to a report co-authored by Sheng Songcheng, a counselor to the People's Bank of China."
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