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Media Report
April 12 , 2018
  • The Wall Street Journal：China's Commerce Ministry Says Market Opening Is Independent of Trade Dispute
    The Wall Street Journal reports: "A Chinese government spokesman denied that recently announced policy changes constitute concessions to the Trump administration in the countries' trade fight. A Commerce Ministry spokesman said Thursday that the new measures announced by President Xi Jinping "have nothing to do with the trade disputes with the U.S." The spokesman, Gao Feng, told reporters that the Chinese government is opening the economy "at its own pace, in its own direction, which is already fixed"... When asked by a reporter whether the government would stick to its "teeth-to-teeth" way of response, Mr. Gao reiterated that China isn't excluding any options and that its "ability and confidence in defending its interests is unquestionable.""
  • The New York Times：Trump's Tweets on Syria, Russia and China: The Triumph of Contradiction
    The New York Times reports: "President Trump's fusillade of tweets about Syria, Russia and China this week set a new standard for contradictory and inconsistent positions in Mr. Trump's approach to war, trade and relations with adversaries. The president... praised President Xi Jinping of China for his "enlightenment" on trade in a highly anticipated speech, but in it Mr. Xi actually offered little to change what Mr. Trump has called decades of predatory practices by Beijing... The latest reversals and back flips were so jarring that they left foreign officials more bewildered than usual about Mr. Trump's next moves. The tweets also appeared divorced from... policy on China, where the United States appears ready to escalate the confrontation over trade."
  • CNN：Jim Chanos: No American CEO can make money in China
    CNN reports: "Famed investor Jim Chanos doesn't see any opportunity for American CEOs in China... Chanos said that "every CEO since 1848" has pointed to China as a promising market. "It seems that everybody loves the Chinese market," he said. "But nobody ever makes any money there"... (Chanos) has warned against China's debt-fueled economy for years. He still sees debt as China's biggest obstacle. "The trade spat that's brewing between the US and China isn't going to help matters," he said. "But the real problem in China is not trade." China has "to continue to grow their debt to basically grow their economy, and this is problematic," Chanos explained."
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