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Media Report
November 21 , 2018
  • The New York Times：Five Takeaways From Our New China Project
    The New York Times reports: "How did China do it? When The New York Times set out to take a big-picture look at China, the what was obvious enough: Across the Pacific Ocean from the United States lies the world's newest superpower, a rival to American interests both economic and political. The how was another matter. How did the land once commonly — and with some disdain — known in the West as Communist China come to lead the world in the number of homeowners, internet users, college graduates and, by some counts, billionaires? How did a once-cloistered nation with a flailing economy drive extreme poverty down to less than 1 percent? How did it achieve social economic mobility unrivaled by much of the world? And perhaps most of all, how did a country that rejected all of the conventional wisdom Western economists had to offer arrive at a moment when it is on track to surpass the American economy and become the world's largest?"
  • CNBC：China's small businesses are having a hard time getting bank loans
    CNBC reports: "It's widely agreed that China needs to get its massive debt problem — estimated at more than three times the size of the economy — under control. But that effort is also seen as overburdening an important sector, the country's small and medium-sized businesses, which are at the front line of the ongoing trade war with the United States. Small and medium-sized firms make up the majority of Chinese companies and are major employers but have traditionally faced challenges competing with China's huge, state-owned enterprises for bank loans."
  • The Wall Street Journal：Dolce & Gabbana Tripped Up in China by Promo Deemed Racist
    The Wall Street Journal reports: "Dolce & Gabbana scrapped a Shanghai fashion show hours before its start, after promotional videos and social-media comments touched off a furor from Chinese who saw them as racist. In statements posted on Chinese social media, Dolce & Gabbana said it rescheduled the Wednesday evening event due to reasons it didn't specify. It apologized for causing offense, saying it respects China, and attributed some of the problem to hacked social-media accounts.Unmentioned in the statements were the videos that drew vehement objections online and prompted dozens of celebrities to drop out of Wednesday's event and call for boycotts. Movie star Zhang Ziyi announced her withdrawal. A post on her official microblog said Ms. Zhang and her team "will not buy or use" any Dolce & Gabbana product starting Wednesday."
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