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Media Report
October 23 , 2018
  • TIME reports: "The world's longest sea-crossing opened in southern China on Tuesday morning in an architectural and political feat that spans 34-miles and links Hong Kong, Macau and the mainland. After two years of delays and reportedly more than one billion dollars over budget, the mega-bridge was inaugurated by Chinese President Xi Jinping in an opening ceremony in Zhuhai. Made from over 400,000 tons of steel, the bridge connects the financial hub of Hong Kong, the gambling enclave of Macau and the southern mainland Chinese city of Zhuhai across the Pearl River Estuaries. It consists of a four-mile underwater tunnel, two artificial islands and 14-miles of oversea bridge."
  • CNBC reports: "Prime Minister Shinzo Abe of Japan faces a tough balancing act as he heads to Beijing for a Thursday summit with Chinese President Xi Jinping. Japan's often fraught relations with China are improving — as highlighted by Abe's Oct. 25-27 visit, the first stand-alone journey to the country by a Japanese leader in nearly seven years.But it comes as long-time ally and security guarantor the United States wages a tariff war on China, Japan's biggest trading partner, while occasionally tossing ominous threats Tokyo's way as well."
  • Bloomberg reports: "China is responding to the slump in its stock markets and the slowdown in the economy with a trickle of stimulus to stabilize, rather than rejuvenate, investor sentiment.The central bank plans to give 10 billion yuan ($1.4 billion) to China Bond Insurance Co. to provide credit support for debt sales by private enterprises, Bloomberg reported Tuesday. Along with new tools to boost lending to companies, and a deadline for the reduction of barriers to foreign investment, the measures add to steps already taken to secure funding and investment for the economy."

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