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Media Report
October 17 , 2018
  • The New York Times：Trump Opens New Front in His Battle With China: International Shipping Image
    The New York Times reports: "President Trump plans to withdraw from a 144-year-old postal treaty that has allowed Chinese companies to ship small packages to the United States at a steeply discounted rate, undercutting American competitors and flooding the market with cheap consumer goods. The withdrawal, announced by the White House on Wednesday, is part of a concerted push by Mr. Trump to counter China's dominance and punish it for what the administration says is a pattern of unfair trade practices. The White House, in a statement, said 'sufficient progress has not been made on reforming terms' of the postal treaty and that it would begin the withdrawal process while seeking to 'negotiate bilateral and multilateral agreements that resolve the problems.'"
  • CNBC：China is still the wildcard in the stock market's wild ride — here's why
    CNBC reports: "The S&P 500 has regained some of the ground it lost last week, but it is experiencing more gyrations on Wednesday. So far this week, the index is up by 1 percent, after falling by about 5 percent between Oct. 8 and Oct. 12. But don't get ready to celebrate just yet – slowing Chinese growth could send global markets on another wild ride. According to most experts, last week's decline was due to the rise of the 10-Year Treasury yield, which spiked to 3.2 percent. But there may have been another reason as to why stocks fell: On Oct.8 the International Monetary Fund downgraded both Chinese, American and global GDP growth for 2019. China's economy, it said, will grow by 6.2 percent next year, down from 6.6 percent this year, while America's GDP will expand by 2.5 percent in 2019, slower than the 2.9 percent it's expected to grow by this year."
  • CNN：Silicon Valley is working with China to ease fears about AI
    CNN reports: "Baidu has become the first Chinese company to join a US-led alliance on artificial intelligence that includes Silicon Valley's biggest names.The Partnership on AI was established in 2016 to ease concerns about the development and use of the frontier technology. Fears over AI include the risk of machines becoming smarter than people, which Elon Musk has said could pose an existential threat to the human race. Experts have also warned that rogue states, criminals and terrorists could use the technology to wreak havoc around the world by taking control of drones and other automated weapons.US tech heavyweights Facebook (FB), Amazon (AMZN), Google (GOOGL), Microsoft (MSFT) and IBM (IBM) set up the group to thrash out best practices for AI technology, in partnership with academics and ethics experts."
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