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Media Report
August 23 , 2018
  • CNBC：Beijing retaliates as new US tariffs kick in on $16 billion of Chinese goods
    CNBC reports: "A new round of U.S. tariffs on $16 billion worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The latest trade escalation comes as officials from the world's two largest economies meet for tariff negotiations in Washington. At 12.01 a.m. EDT on Thursday, the U.S. began collecting additional 25 percent duties on 279 Chinese import product categories identified by U.S. Trade Representative. Key products that will be hit by the duties include semiconductors, chemicals, plastics, motorbikes and electric scooters."
  • The Washington Post：The U.S. is overly paranoid about China's tech rise
    The Washington Post reports: "After decades of deriding China as a lousy copycat, the United States now fears China's rapid rise as a technology powerhouse and sees it as a major — even existential — threat to U.S. dominance. The Trump administration has waged an escalating trade war against China under the pretext of punishing Chinese transgressions such as forced technology transfers, predatory licensing practices, cyber theft of intellectual property and the state-sponsored acquisition of American tech companies. "Made in China 2025," a policy blueprint unveiled by Premier Li Keqiang in 2015 to develop Chinese technological capabilities in growth industries such as artificial intelligence and robotics, has especially raised the ire of Washington hawks. Indeed, it's become the central target in the ongoing trade war."
  • The New York Times：As Trade War Intensifies, China Moves to Bolster Its Economy

    The New York Times reports: "As China's economy slows and the trade war with the United States intensifies, Beijing's economic bosses are swinging into action. Chinese officials are pushing banks to lend more and allowing indebted local governments to spend money on big projects again. They have moved to shore up the value of the country's currency. They have also helped out the stock market, say financial analysts, as the government works to avert a stock market collapse like the one three years ago that shook the world. "It's a line in the sand for the leadership" of China, said Hao Hong, the research director for the international operations of the Bank of Communications, a Shanghai-based financial institution."

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