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Media Report
February 27 , 2019
  • The New York Times reports, "President Trump has signaled that he is moving toward peace with China in a trade standoff that has rattled markets and businesses globally. But as he backs off his threat to impose higher tariffs, the president's relationship with his own trade negotiator is now showing signs of strain. The situation has left Mr. Trump's trade representative, Robert Lighthizer, who is both an ardent supporter of the president and a longtime China critic, in an uncomfortable bind. While broad tariffs on Chinese imports brought Beijing to the negotiating table, Mr. Trump has grown impatient with the talks, and a consensus is growing in Washington that Mr. Trump will ultimately accept a weak deal. And despite the lack of a transformative arrangement he once promised, the president has begun dangling the idea of a 'signing summit' with President Xi Jinping of China at Mar-a-Lago, Mr. Trump's Florida resort. As a result, the president is undermining Mr. Lighthizer as he tries to pressure China to make big concessions."
  • CNBC reports, "China supports the reunification of North and South Korea, but Beijing is deeply worried about Seoul's security alliance with the U.S., according to one analyst. Although North and South Korea are still far away from any sort of reunification, both nations have said that remains an ultimate goal. Such a move is hardly on the table for this week's summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in the Vietnamese capital of Hanoi. Still, any draw down in tensions would be a step toward reunification. China's opinion on North Korea's affairs is important because Beijing is the primary economic and political benefactor of Pyongyang.'The Chinese have always argued that they actually support the reunification of the Korean Peninsula because when they look at their own case (of) the Taiwan Straits and the reunification that China is trying to achieve, to obstruct the reunification of the Korean Peninsula is almost morally unacceptable and is morally wrong for China to take that position,' Yun Sun, director of the China program at Washington think tank the Stimson Center, said Wednesday."
  • Reuters reports, "China will announce a plan this year to form a national oil and gas pipeline group combining the long-distance pipeline assets of the country's state-owned energy companies, in the sector's largest reshuffle in two decades, said three persons with knowledge of the plan. The change is designed to open access to China's pipeline infrastructure to private and foreign energy producers as a way to spur oil and gas exploration. The open pipeline network will allow companies to focus on exploration without any additional costs to move the fuel to market. China's economic planner, the National Development and Reform Commission (NDRC), approved the plan for the group last month, including details of assets to be incorporated, and final approval from China's State Council is still pending, said one of the sources."
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