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Media Report
May 15 , 2019
  • The New York Times reports, "President Trump moved on Wednesday to ban American telecommunications firms from installing foreign-made equipment that could pose a threat to national security, White House officials said, stepping up a battle against China by effectively barring sales by Huawei, the country's leading networking company. Mr. Trump issued an executive order instructing the commerce secretary, Wilbur Ross, to ban transactions 'posing an unacceptable risk' but did not single out any nation or company. The action has long been expected and is the latest salvo in the administration's economic and security battle with China. It is also the most extreme move in the Trump administration's fight against China's tech sector. 'This administration will do what it takes to keep America safe and prosperous and to protect America from foreign adversaries' targeting vulnerabilities in American communications infrastructure, the White House press secretary, Sarah Huckabee Sanders, said in a statement."
  • The Washington Post reports, "China has rallied countries around its ambitious ports-and-railways infrastructure plan as a global vision to shift the economic center of gravity away from traditional powers like the United States. President Xi Jinping is now increasingly advocating something similar in a less tangible arena: culture. In speeches and a flurry of new cultural exchange programs in the last year, Xi has increasingly called on Asian countries to stand together with self-confidence and promote their culture as the world becomes 'multipolar.' Xi repeated his rallying cry on Wednesday as he addressed dozens of leaders in Beijing, where he hosted an inaugural Conference on Dialogue of Asian Civilizations. Xi did not name the United States, but the subtext was clear as he subtly criticized those who 'insist on reshaping and replacing other civilizations.'"
  • The New York Times reports, "In ordinary times, worries about the health of the global economy tend to prompt leaders of the largest countries to join forces in pursuit of safety. These are not ordinary times. The biggest threat to global fortunes has become the intensifying conflict between the two largest economies on earth, the United States and China. As their leaders openly contemplate how to inflict pain on each other, the rest of the world now frets about becoming collateral damage in an escalating trade war. Only a week ago, China and the United States appeared to be moving toward cooling their hostilities, while global economic prospects were improving. Worries about a worldwide slowdown were giving way to burnished hopes for expansion. Fears about the weakening of China's economy were easing as President Trump advertised a soon-to-be-signed trade deal."
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