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Media Report
July 02 , 2019
  • The New York Times reports, "A top Chinese leader made an unusually public effort on Tuesday to ease trade tensions somewhat with the United States, woo foreign investors and reassure his own country's citizens that their economy remained on track. In meetings during the World Economic Forum in the Chinese port city of Dalian, Premier Li Keqiang, China's No. 2 official, promised to cut tariffs, loosen limits on foreign investment, protect intellectual property and allow foreign companies to apply for China's generous subsidies for research and development. He made many of those comments in a rare question-and-answer session in the afternoon with executives from Japan, the United States and other countries. He also said that China would allow foreign financial services companies into its market a year earlier than previously promised, and that it would rewrite many rules on foreign investment."
  • The Wall Street Journal reports, "China's government signaled its fraying patience with protesters in Hong Kong after they stormed the city's legislature, calling the violent turn a direct challenge to Beijing's authority and suggesting it would have to be answered. Public statements from Beijing marked a shift in Chinese leaders' attitude toward the crisis in the semiautonomous territory, indicating they may be forced to step in if events spiral on while stopping short of suggesting any need for immediate intervention. The day after protesters smashed their way into the Hong Kong legislature on the 22nd anniversary of the city's return to Chinese rule, officials denounced the demonstrators as extremists seeking to undermine China's sovereignty over the former British colony, while state media called the violence an effort to destabilize the global financial and business center."
  • CNBC reports, "China is in the midst of conducting a series of anti-ship ballistic missile tests in the hotly contested waters of the South China Sea, according to two U.S. officials with knowledge of the matter. The Chinese carried out the first test over the weekend, firing off at least one missile into the sea, one official said. The window for testing remains open until Wednesday, and the official expects the Chinese military to test again before it closes.While the U.S. military has ships in the South China Sea, they were not close to the weekend test and are not in danger, the official said. However, the official added that the test is 'concerning.' The official, who was not authorized to speak about the testing, could not say whether the anti-ship missiles being tested represent a new capability for the Chinese military."
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