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Media Report
July 15 , 2019
  • The Washington Post：China posts slowest economic growth in 27 years; Trump touts 'major effect' of tariffs
    The Washington Post reports, "China's economy decelerated to its slowest growth rate in 27 years, partly due to a slump in exports, as Beijing and Washington remain locked in a trade war that has no end in sight. The data published Monday apparently bolstered President Trump's belief that his Chinese counterpart, Xi Jinping, is under pressure to strike a trade deal to shore up the world's second-largest economy. 'China's 2nd Quarter growth is the slowest it has been in more than 27 years,' Trump tweeted Monday morning. 'The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries. Thousands of companies are leaving. This is why China wants to make a deal with the U.S., and wishes it had not broken the original deal in the first place.'"
  • Reuters：U.S. firms may get nod to restart Huawei sales in two-four weeks
    Reuters reports, "The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump's recent effort to ease restrictions on the Chinese company could move forward quickly. Huawei, the world's largest telecommunications equipment maker, was added to a Commerce Department list in May that prohibits U.S. companies from supplying it with new American-made goods and services unless they obtain licenses that will likely be denied. But late last month, after meeting with Chinese president Xi Jinping, President Donald Trump announced American firms could sell products to Huawei. And in recent days, Commerce Secretary Wilbur Ross said licenses would be issued where there is no threat to national security."
  • The New York Times：Populist Mayor Is Picked to Run Against Taiwan's President
    The New York Times reports, "A populist mayor in Taiwan who favors closer ties with China won the opposition party's nomination to run against President Tsai Ing-wen, who has been sharply critical of Beijing's attempts to pressure the island into unification. The nomination of Han Kuo-yu, who survived a challenge from Terry Gou, the founder of the world's largest iPhone assembler, will offer Taiwan's voters a stark choice in January's election between governments leaning toward Washington or Beijing. Ms. Tsai, the incumbent from the Democratic Progressive Party, drew sharp condemnation from China last week when she visited New York and spoke at Columbia University. The speech underlined the warmest ties between Washington and Taipei in two decades."
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