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Media Report
March 28 , 2018
  • Bloomberg reports: "Kim Jong Un just sent a powerful message to U.S. President Donald Trump ahead of planned talks: China is back on North Korea's side. The North Korean leader and his wife received a warm welcome in his first trip abroad since taking power in 2011, holding talks with President Xi Jinping and meeting a host of dignitaries. Xi told Kim that China has made a "strategic choice" to have friendly ties with North Korea, and they would "remain unchanged under any circumstances." The surprise, highly secretive four-day trip ends a period of frosty ties between the longtime allies as China backed increasingly tough economic sanctions against North Korea over its nuclear and missile programs. Xi avoided meeting Kim during his first five years in power, and the countries traded barbs at each other through state-run media."
  • CNBC posts: "The Trump administration reportedly is contemplating using an existing law related to national emergencies to restrict Chinese investment in sensitive technologies. The news comes on the heels of President Donald Trump's decision to impose tariffs on up to $60 billion in imports of Chinese goods in retaliation for what the administration said is China's theft of American intellectual property... The Treasury Department is developing plans to identify the technology sectors that Chinese companies would be barred from investing in. Those sectors could include semiconductors and 5G wireless communications. The Treasury Department had no immediate comment when contacted by CNBC."
  • Steven Rattner comments in the New York Times: "President Trump's attacks on Chinese trade practices may be garnering the headlines, but underpinning that dispute lies a more consequential struggle, between liberal democracy and state-directed capitalism. Of late, it's a competition in which the Chinese approach has been delivering the more robust economic result. Indeed, implicit in the ferocity of the Trump administration's attacks on China's protectionism is the success of that nation's economy. Skeptics notwithstanding, China's model, which has brought more people out of poverty faster than any other system in history, continues to flourish, as I've seen firsthand in a decade of regular visits. Meanwhile, liberal democracy — the foundation of the post-World War II order — is under pressure, most significantly for having failed in recent years to deliver broadly higher standards of living."
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