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Media Report
June 29 , 2018
  • CNN reports: "The State Department has requested that US Marines be sent to Taiwan to help safeguard America's de facto embassy there, two US officials tell CNN, prompting China to urge the US to "exercise caution." One US official said that while the request for a Marine security guard was received several weeks ago, it has not yet been formally approved and coordination about its deployment is ongoing between the State Department's Diplomatic Security Service and the Marines. If the request is granted, it will be the first time in nearly 40 years that US Marines will be guarding a diplomatic post in Taiwan."
  • CNBC reports: "The U.S. Department of Commerce still has not worked out the details necessary for lifting the ban on China's ZTE, a spokesman said on Thursday, even though an official last week said the final steps would be taken in a "couple of days." "The department continues to work with ZTE," the Commerce spokesman said... ZTE, which makes smart phones and networking gear, ceased major operations after the Commerce Department banned it from buying U.S.-origin goods in April for breaking an agreement reached after the company violated U.S. sanctions against Iran and North Korea. ZTE last year paid $892 million in civil and criminal penalties and pleaded guilty in federal court in Texas in connection with the activity. In a new June 7 settlement, ZTE agreed to pay an additional $1 billion penalty and put $400 million in an escrow account to regain access to American-made components."
  • CNN reports: "China says it will open up more parts of its vast economy to foreign investment. The Chinese government announced late Thursday that it will loosen or remove restrictions in various industries, including railways, shipping and power grids. Some of the changes had been announced previously, such as in the automobile and financial sectors... Beijing has long been criticized for shutting companies from other countries out of large swathes of its economy. Chinese leaders insist they are committed to gradually opening the economy at a suitable pace."
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