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Media Report
May 30 , 2018
  • CNBC reports: "China lashed out on Wednesday at renewed threats from the White House on trade, warning that it was ready to fight back if Washington was looking for a trade war, days ahead of a planned visit by U.S. Commerce Secretary Wilbur Ross. In an unexpected change in tone, the United States said on Tuesday that it still held the threat of imposing tariffs on $50 billion of imports from China unless Beijing addressed the issue of theft of American intellectual property. Washington also said it will press ahead with restrictions on investment by Chinese companies in the United States as well as export controls for goods exported to China."
  • The New Times reports: "When top Chinese business leaders and officials face charges, they usually have one option: Go quietly. The tycoon at the center of one of China's biggest cases of financial fraud seems to be taking a different path. A lawyer representing Wu Xiaohui, a businessman who rose to prominence in part through his company's purchase of the Waldorf Astoria hotel in New York, said Wednesday in a social media post that Mr. Wu would appeal a lengthy prison sentence for bilking investors. The lawyer, Chen Youxi, said the Shanghai High People's Court was already preparing for a review."
  • The Washington Post comments: "President Trump's elder daughter, Ivanka, who happens to be his close adviser on economic empowerment and entrepreneurship, among other things, also has secured 13 new trademarks in China — right about the same time her father discovered a fresh passion for China's economic well-being. That's right, "Make China Great Again," no American president has ever said. But recently, Trump apparently was knocked off his golf cart on the path to the ninth hole and had a revelation: He must save ZTE! ...You see the dots: tariff tensions with China, the off-again-on-again summit with North Korea's Kim Jong Un. It's complicated, if you're not in the art-of-the-deal business. If you are, this is all part of a Trumpian vision for which he began laying the groundwork in April 2017."
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