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Media Report
May 16 , 2019
  • The New York Times：China Arrests 2 Canadians on Spying Charges, Deepening a Political Standoff
    The New York Times reports, "Two Canadian men detained in China since December have been formally arrested on espionage charges, the Chinese Foreign Ministry said on Thursday, a move likely to ratchet up tensions between China and Canada that broke out with the arrest of a Chinese tech executive in Vancouver. Michael Kovrig, a former diplomat who was detained while visiting Beijing, was arrested on suspicion of 'gathering state secrets and intelligence for abroad' and Michael Spavor, a business consultant who was detained in northeastern China, was accused of 'stealing and providing state secrets for abroad,' Lu Kang, a spokesman for the foreign ministry, said at a regularly scheduled news briefing. The vague reference to unspecified overseas entities left open the question of whether the men were suspected of working for a government or for some other organization."
  • Reuters：Huawei's $105 billion business at stake after U.S. broadside
    Reuters reports, "The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world's top supplier of telecoms network equipment. The Trump administration has said it would add Huawei Technologies and 70 affiliates to its 'Entity List' - a move that will likely ban the firm from acquiring U.S. components and technology without government approval, adding another incendiary element to the U.S.-China trade war. The ban is not yet effective. A similar U.S. ban on China's ZTE Corp had almost crippled business for the smaller Huawei rival early last year before the curb was lifted. Such sanctions on Huawei are, however, likely to have ramifications beyond the company itself, analysts said. It would disrupt Huawei's business at a minimum and all but put it out of business in an extreme, while its U.S. suppliers would also be hit, they said."
  • Bloomberg：China Promises Response If U.S. Slaps Tariffs on all Remaining Imports
    Bloomberg reports, "China's government promised to respond to a U.S. proposal to tariff the rest of the goods it buys from China, raising the stakes for the dispute between the world's two largest economies. 'The U.S. bullying and application of extreme pressure goes against multilateral trading rules,' Chinese Ministry of Commerce Spokesman Gao Feng said in Beijing on Thursday. 'China is strongly opposed to such practices. If the U.S. persists, China will be forced to take necessary actions.' Since trade talks in Washington ended with no progress last week, the two sides have stepped up their rhetoric and threats, with the U.S. announcing plans to tax nearly $300 billion of imports not already subject to punitive tariffs. China has said there can be no deal without the removal of all extra tariffs imposed since last year. The Chinese government has no information about any U.S. plans to travel to Beijing to continue talks, Gao said."
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