In New Slap at China, U.S. Expands Power to Block Foreign Investments Image - October 10, 2018

Media Report

October 10 , 2018

The New York Times：In New Slap at China, U.S. Expands Power to Block Foreign Investments Image
The New York Times reports: "The Trump administration said it would begin reviewing foreign investments in American companies more broadly, initiating new powers that give the United States greater authority to block Chinese and other foreign transactions on national security grounds. The expanded review system, which the administration plans to announce on Wednesday, is aimed primarily at preventing China from capturing American technology by buying, investing or partnering with United States companies. The investment restrictions are the latest attempt by President Trump to punish Beijing over its trade practices, which the White House says hurt American companies by restricting access to certain Chinese markets and requiring firms to hand over valuable trade secrets and technology as a condition of doing business in China."
Bloomberg：China Plans Major Expansion of Too-Big-to-Fail Rules
Bloomberg reports: "China plans to increase the number of companies it deems systemically important financial institutions, people familiar with the matter said, a sign that policy makers are stepping up crisis-prevention efforts as the nation's debt burden swells to unprecedented levels. Regulators led by China's central bank will initially shortlist at least 50 of the country's largest lenders, insurers and brokerages as possible SIFIs, said the people, asking not to be identified because the matter is private. Firms that receive the designation will be subject to extra capital requirements, and may face additional rules on leverage, risk exposure and information disclosure, the people said. Regulators currently consider about 20 banks to be systemically important, one of the people said."
CNN：A software developer just became the latest victim of China's VPN crackdown
CNN reports: "A Chinese software developer has received a suspended prison sentence for selling software that allowed internet users to dodge the Chinese government's intensifying efforts to control their online activities. According to a court report published Tuesday, the man, surnamed Dai, was given a three-year suspended sentence and fined around $1,400 this week after being found guilty of operating a website offering virtual private network (VPN) services to hundreds of Chinese users between April 2016 and October 2017. This is the first time such a case has been brought in Shanghai, the court said. Such prosecutions are rare nationwide, but have stepped up in the wake of a crackdown on VPN use launched last year. In September 2017, another developer in southern Guangdong province was sentenced to nine months in prison for the same crime."

Calendar

2018-10-09 Interpol Chief Was China’s Pride. His Fall Exposes the Country’s Dark Side.
2018-10-07 China Acts to Shore Up Economy Amid Weight of Trade War
2018-10-05 China’s Small Farms Are Fading. The World May Benefit.
2018-10-04 US and China are at risk of a '10- or 20-year' economic cold war, former Fed governor Warsh says
2018-10-03 The U.S. and China are playing a dangerous game. What comes next?
2018-10-02 Trump's trade victories mean the White House can now 'focus all its ire on China'
2018-10-01 Mattis Trip to China Canceled
2018-09-28 China, Russia take their turn at the UN
2018-09-27 China Rejects Trump’s Charges of Meddling in U.S. Elections
2018-09-26 China cancels US warship visit to Hong Kong amid military sanction backlash

News

Commentary

The Wall Street Journal China's Authoritarian Export
NPR Opinion: How China Challenges America's World Leadership
The Wall Street Journal China Grows More Repressive
The Washington Post How President Trump is helping Beijing win in the South China Sea
The Wall Street Journal China's Authoritarian Export
The New York Times China's Media Crackdown Spreads to Hong Kong
The Washington Post China disappeared Interpol's chief. The world can't pretend it's business as usual.