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Media Report
March 08 , 2019
  • The New York Times reports, "President Trump says he is optimistic that a landmark trade deal with China is close. Chinese officials are not so sure. The two sides in recent weeks agreed to the broad outlines of an agreement that would roll back tariffs in both countries, with China buying more American goods and opening up some markets to foreign goods. The trade deal looks like a good one for Beijing, since it would largely spare the government from making substantive changes to its economy. But some of the biggest details — like the enforcement mechanism to ensure China complies and the timing for the removal of tariffs — still haven't been hammered out. Beijing officials are wary that the final terms may be less favorable, especially given Mr. Trump's propensity for last-minute changes, according to two people familiar with China's position."
  • The Wall Street Journal reports, "China's legislature made scant changes to a proposed law on foreign investment criticized by business groups as vague, as Beijing hurries the bill's passage to ease trade tensions with the U.S. while leaving key complaints unaddressed.The latest draft took another step forward Friday, being formally introduced to the country's ceremonial legislature, which is all but certain to pass it next week when its annual session ends. Once passed, the law will replace three separate statutes governing foreign companies and promises to better protect proprietary technology and make goods produced in China by foreign companies eligible for government procurement. By doing so, trade experts and foreign business groups said, Beijing is trying to show it intends to provide a fairer business environment and answer criticisms by the Trump administration that Chinese policies favor domestic firms."

  • CNBC reports, "Fearing that China could be spying on them using power cords and plugs, several U.S. technology companies have asked their Taiwanese suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday. The report cited unnamed executives from two Taiwanese companies: Lite-On Technology, a manufacturer of electronic parts, and Quanta Computer, a supplier of servers and data centers. Lite-On's clients include Dell EMC, Hewlett-Packard and IBM, while Quanta counts Google and Facebook among its customers, according to Nikkei. The executives told Nikkei that some of their American clients — without specifying which companies — asked them to move out of China partly because of cyberespionage and cybersecurity risks. The U.S. tech firms were worried that even mundane components such as power plugs could be tapped by Beijing to access sensitive data, according to the report."
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