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Media Report
July 12 , 2019
  • The Wall Street Journal：China to Sanction U.S. Companies for Arms Sales to Taiwan
    The Wall Street Journal reports, "China said Friday it would sanction U.S. firms that participate in arms sales to Taiwan, a retaliatory move that is expected to have minimal effect on defense companies but is likely to further complicate efforts to resolve the simmering trade dispute between Beijing and Washington. The U.S. announced plans for sales of $2.2 billion in tanks, missiles and related military hardware to Taiwan in June, drawing the ire of Beijing, which sees such sales as interference in its sovereignty claims over the self-ruled island. China's Foreign Ministry said that the arms sales 'harmed China's sovereignty and national security' and that the sanctions were necessary to safeguard its national interests. The sanctions coincided with Taiwan President Tsai Ing-wen's stopover in the U.S., ahead of a visit to four Caribbean allies, a trip that has also prompted anger from Beijing."
  • CNBC：About half of China's loans to developing countries are 'hidden,' study finds
    CNBC reports, "China's lending to other countries has surged in the past decade, causing debt levels to jump dramatically, and as much as half of such debt to developing economies is 'hidden,' a new study has found. Such 'hidden' debt means that the borrowing isn't reported to or recorded by official institutions such as the International Monetary Fund (IMF), the World Bank, or the Paris Club — a group of creditor nations. Between 2000 and 2017, other countries' debt owed to China soared ten-fold, from less than $500 billion to more than $5 trillion — or from 1% of global economic output to more than 5%, according to the study from Germany-based think tank the Kiel Institute for the World Economy. 'This has transformed China into the largest official creditor, easily surpassing the IMF or the World Bank,' the report's researchers said."
  • Bloomberg：Beyond the Trade War, China's Economy Is Struggling to Stabilize
    Bloomberg reports, "China is grappling with a slowdown that will see output growth slide to the weakest pace in almost three decades this year, as factors far beyond the trade war with the U.S. weigh on the world's second-largest economy. Gross domestic product is forecast to grow at 6.2% in the second quarter, the slowest in a three-month period since at least 1992. Data due for release next Monday will show whether the downward forces from external demand, deflationary factory prices and contracting manufacturing can be offset by stabilizing investment, brighter consumer sentiment and a rebounding property sector. The chances for those green shoots to hold on and expand into a firmer recovery depend in turn on how well the government's targeted stimulus policies can lift local production and counteract the trade war's effects."
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