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Media Report
July 03 , 2018
  • CNBC reports: "One year ago, China launched the "bond connect" program to allow overseas investors greater access to its onshore credit market. Foreign holdings of Chinese bonds have increased by 62.7 percent since the launch to 1.44 trillion yuan of Chinese bonds as of May 2018. Still, that's less than 2 percent of the overall market. A higher number of corporate bond defaults, a weaker yuan versus the U.S. dollar and technical issues with the bond connect program have hindered foreign participation, experts said."
  • Business Insider reports: "China is using tariffs with the hope of splitting "apart different domestic groups" in the US, according to a leaked propaganda notice. The notice, which outlined a range of censored content for Chinese media, included a brief overview of Beijing's trade strategy. Experts already thought China was trying to target President Donald Trump's political base with its tariffs, but this appears to be the first time the official strategy has become public."
  • The New York Times comments: "In 1840, Britain went to war with China over questions of trade, diplomacy, national dignity and, most importantly, drug trafficking. While British officials tried to play down the illicit origins of the conflict, opponents gave it a name that made the link quite clear: the Opium War. The war's settlement forced Chinese ports open and gave Hong Kong to Britain. It began what China calls the "Century of Humiliation"... China's current leader, Xi Jinping, alludes to the era in his call for a "China Dream" of national rejuvenation. The war is often seen as having been inevitable. But viewed through the lens of its own era, the conflict is deeply counterintuitive, Stephen R. Platt writes in "Imperial Twilight: The Opium War and the End of China's Last Golden Age.""
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