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Media Report
March 05 , 2019
  • The Washington Post reports, "The setting for the Chinese Communist Party's annual confabs this year, when the party will celebrate the 70th anniversary of the foundation of the People's Republic, could hardly have been more inauspicious. The economy is slowing palpably. A trade war with the United States is rumbling on. And there are persistent whispers about President Xi Jinping's handling of both. Even the air was a foul-tasting soup of gray as the National People's Congress opened Tuesday. 'Looking out the next 12 months, Beijing sees the possibility of a significant deterioration in the economy,' said Jude Blanchette, head of the China practice at the Crumpton Group, a business intelligence firm. 'There's an increasing consensus in the private sector that Xi is mismanaging the economy, which has sparked an uptick in discontent over his leadership.' But the party tried to put a positive spin on China's outlook while acknowledging the realities when the annual parliamentary meeting opened Tuesday."
  • The Wall Street Journal reports, "'Made in China 2025,' a government-led industrial program at the center of the contentious U.S.-China trade dispute, is officially gone -- but in name only. During a nearly 100-minute speech to China's legislature Tuesday, Premier Li Keqiang dropped any reference to the plan that the Trump administration has criticized as a subsidy-stuffed program to make China a global technology leader at the expense of the U.S. The policy had been a highlight of Mr. Li's State-of-the-Nation-like address for three years running. Instead, Mr. Li said the government would promote advanced manufacturing. He ticked off a list of emerging industries to nurture -- next-generation information technology, high-end equipment, biomedicine and new-energy automobiles -- that were also in 'Made in China 2025' and with a similar goal: 'Buy China.' The government would 'work faster to make China strong in manufacturing,' Mr. Li told the roughly 3,000 delegates inside the Great Hall of the People. Beijing, he said, would 'encourage more domestic and foreign users to choose Chinese goods and services.'"

  • The Wall Street Journal reports, "Chinese hackers have targeted more than two dozen universities in the U.S. and around the globe as part of an elaborate scheme to steal research about maritime technology being developed for military use, according to cybersecurity experts and current and former U.S. officials. The University of Hawaii, the University of Washington and Massachusetts Institute of Technology are among at least 27 universities in the U.S., Canada and Southeast Asia that Beijing has targeted, according to iDefense, a cybersecurity intelligence unit of Accenture Security. The research, to be published this week, is the latest indication that Chinese cyberattacks to steal U.S. military and economic secrets are on the rise. The findings, reviewed by The Wall Street Journal, name a substantial list of university targets for the first time, reflecting the breadth and nature of the ongoing cyber campaign that iDefense said dates to at least April 2017."
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