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Media Report
August 13 , 2018
  • Business Insider reports: "China's money printing industry is running at "full steam" for foreign clients including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil and Poland, according to reports. The printing is linked to China's Belt and Road Initiative which has seen China build infrastructure and invest in around 60 countries from Europe, Asia, and Africa. "A nation must have considerable trust in the Chinese government to allow it to print its banknotes," Hu Xingdou, a professor of economics at the Beijing Institute of Technology told the South China Morning Post. Beijing has been concerned that its enemies could use fake notes to disrupt its economy and has viewed the money printing capability as important as its atomic bomb programme."

  • CNN reports: "China has vociferously defended its human rights record at the United Nations, after accusations were made that more than a million Uyghur Muslims have been imprisoned in political reeducation camps. The UN Committee on the Elimination of Racial Discrimination has been hearing testimony on the Chinese government's treatment of its Muslim Uyghur minority, among other issues. In their submission to the committee, the Germany-based World Uyghur Congress (WUC) said they estimated at least one million Uyghurs were being held in political indoctrination camps as of July 2018. "Detentions are extra-legal, with no legal representation allowed throughout the process of arrest and incarceration," the submission said, adding there were "widespread" reports of torture. Responding to questions Monday, a representative of the Chinese government called the accusations of mass imprisonment "completely untrue.""
  • Bloomberg reports: "China is not just another front in President Donald Trump's war on trade. Unlike Mexico, Canada, Europe and other targets of the president, China will be a source of economic conflict for years to come, long after the tariff level on soybeans has been settled. Like the rivalry with the Soviet Union, economic competition with China may form a cold war that shapes American politics and economic policy for a generation or more. Until now, through flukes of timing, Americans have largely been distracted from China's economic development. China joined the World Trade Organization in December 2001, three months after the Sept. 11 terrorist attacks."
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