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Media Report
June 12 , 2018
  • CNBC reports: "China suggested on Tuesday that sanctions relief could be considered for North Korea, after U.S. President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denuclearization of the Korean peninsula. China has signed up for increasingly tough U.N. sanctions against its isolated neighbor following Pyongyang's repeated nuclear and missile tests, but has always said sanctions should be accompanied by talks for a political resolution. China is North Korea's most important economic and diplomatic backer, despite its anger at Pyongyang's sabre rattling. Speaking in Beijing following Trump and Kim's signing of a joint statement at the end of their historic summit in Singapore, Chinese Foreign Ministry spokesman Geng Shuang reiterated that China has always strictly abided by all U.N. resolutions on North Korea."
  • CNN reports: "China has lodged a protest with the US following the official opening of Washington's new de facto embassy in Taiwan, a self-ruled island off China's southeastern coast that Beijing considers a renegade province. "The United States sending officials to Taiwan under any excuses is in serious violation of the 'one China' principle," Geng Shuang, a Chinese foreign ministry spokesman, said Tuesday. "It interferes with China's internal affairs and negatively impacts China-US relations. We urge the US to abide by its pledge to China and correct its mistake to avoid harming China-US relations and peace in the Taiwan Strait." The American Institute in Taiwan, as the de facto US embassy in Taipei is called, was officially declared open Tuesday morning, in a ceremony attended by senior US diplomats and Taiwan President Tsai Ing-wen."
  • CNBC reports: "The battle between China and the United States to be the world's most powerful nation could be the century's defining moment for financial markets, according to one strategist. Market players on Tuesday were digesting news of an accord between North Korea and the United States, which aims to work toward complete denuclearization and a lasting "peace regime" on the Korean Peninsula. The historic agreement is being scrutinized by analysts and traders to understand what this moment means to the world and financial markets. But according to Jane Foley, the head of foreign exchange strategy at Rabobank, the wider picture should include China's relationship with the U.S."
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