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Media Report
January 05 , 2018
  • CNBC reports: "China's fears of a financial crisis will spur Beijing to keep the country's growth target in check, a widely followed China expert said Friday. 'Their top priority is to prevent a financial crisis, so the government is looking for any pockets (of risk) that might be a trigger,' independent economist Andy Xie told CNBC's 'Squawk Box.' Chinese authorities have been cracking down on money fleeing the country and warning on "gray rhinos," which are risks that could potentially be solved but have been unaddressed so far. 'The government does not view growth as the top priority right now — we have to take the government's word at face value. The government is worried about financial risk,' Xie added. China will keep its target for economic growth at 'around 6.5 percent' in 2018, unchanged from last year."
  • ABC News reports: "China's government promised Friday to 'deal seriously' with violators of U.N. sanctions on North Korea after a South Korean newspaper said Chinese-owned ships registered abroad regularly delivered oil. Beijing has no information about operations of ships registered in other countries, said a foreign ministry spokesman, Geng Shuang. The newspaper Chosun Ilbo reported this week Chinese-owned vessels flying the flags of Panama, Belize and other countries were suspected of improperly trading with North Korea. South Korean officials have seized two ships on suspicion of violating U.N. sanctions imposed to discourage Pyongyang from pursuing nuclear and missile technology. 'If it is confirmed through investigation there are violations of Security Council resolutions, China will deal seriously with them in accordance with laws and regulations,' Geng said at a regular news briefing. Beijing, which accounts for most of the North's trade and energy supplies, was Pyongyang's diplomatic protector for decades but has supported the latest U.N. measures. The sanctions limit energy supplies and ban transfers of any goods to North Korean ships at sea... Last week, South Korean authorities announced the Hong Kong-flagged Lighthouse Winmore was seized in November in the port of Yeosu. Its crew is suspected of transferring about 600 tons of refined petroleum products to a North Korean vessel in the East China Sea the previous month."
  • Fox News comments: "Of all the crazy things going on in the world, all-out war between the United States and China seems a remote threat. Yet that is exactly what a Chinese diplomat says will happen, if President Trump sends a U.S. Navy ship to visit our ally, Taiwan. The communist regime in Beijing regards Taiwan as a mutinous province that will -- one way or another -- always be part of China. It has repeatedly warned that any Taiwanese attempt to declare sovereignty would be met with military action by its 2.3 million man army to 'reunify' the island and mainland. While the United States has no formal diplomatic relations with Taiwan, it is bound by treaty to come to its aid if the island is under attack. So the words last month of a senior diplomat, Li Kexin, referring to Taiwan's main seaport, need to be measured carefully. 'The day that a U.S. Navy vessel arrives in Kaohsiung is the day that our People's Liberation Army unifies Taiwan with military force,' Li was quoted as saying at a Chinese embassy event in Washington... 'If this very sensationalist warning accomplishes its goal of scaring off the U.S. government, then it achieved its purpose,' says Vincent Wang, dean of the School of Humanities and Science at Ithaca College. 'If it creates American pushback, then China has plausible deniability and can say that Li was speaking for himself, not the government.'"
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