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Media Report
March 01 , 2019
  • Reuters：Pompeo says North Korea not clear on scope of closing Yongbyon facility
    Reuters reports, "U.S. Secretary of State Mike Pompeo said on Friday that North Korea had asked for full sanctions lifting during a summit in Hanoi but lacked complete clarity on what it was prepared to offer on dismantling the Yongbyon nuclear facility. 'They were pretty expansive with respect to what they are prepared to do at Yongbyon but there was still not complete clarity with respect to full scope of what it is they were prepared to offer,' Pompeo told a news conference during a short stop in Manila. He said the United States was 'anxious to get back to the table to continue that conversation'. Pompeo said North Korea had 'basically asked for full sanctions relief'. A second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un collapsed on Thursday over sanctions, and the two sides gave conflicting accounts of what happened. Trump said Kim wanted sanctions lifted 'in their entirety', but North Korean Foreign Minister Ri Yong Ho later said Pyongyang had sought only a partial lifting of sanctions."
  • Bloomberg：Kuwait Plans $10 Billion Investment Fund With China
    Bloomberg reports, "Kuwait is planning to create a $10 billion fund with China to invest in the two countries, according to people with knowledge of the matter. The Gulf state is discussing the creation of a Kuwait-China Silk Road Fund that would invest in Kuwaiti projects related to the Silk City and islands development, according to the people. It could also be used for strategic investments in China and other areas under the Asian country's 'One Belt, One Road' initiative, the people said, asking not to be identified because the information is private. China and Kuwait would each be responsible for raising around $5 billion for the fund, the people said. The Asian country would also work with Chinese strategic partners to arrange debt financing for projects, which could give the fund an investment capacity of as much as $30 billion, they said."
  • Bloomberg：This Week's Trade War: U.S. Wins Short Game, China Takes Long
    Bloomberg reports, "This week in the global economy had something for everyone, with a lot that jostled the positions of the U.S. and China in their trade war — the U.S. taking the upper hand in the short term, with China gaining ground on the long term...Trump notched short-term wins alongside darker long-term prospects, while Xi Jinping's luck seemed to be the reverse, with sour short-term signs and longer-term optimism. For the U.S.: The Vietnamese hosts of Trump-Kim Round Two pleased their American guest with a pair of deals worth $18 billion for General Electric Co. and Boeing Co. In a move that surprised almost no one, Trump scratched that Friday deadline to ratchet up tariffs on China, and suggested a 'signing summit' with Xi Jinping could be in the works. U.S. officials are preparing a final trade deal that could sign in weeks, according to people familiar with the matter. Still, the debate drags on in Washington over whether to push Beijing for more concessions, with Trump's trade czar saying China can't just buy its way to a deal."
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