China Press Review – June 18, 2018

Press review

The only dark cloud over the U.S. economy is Trump’s trade fights with, well, everybody
Economy is firing on all cylinders, but there’s one nagging problem
www.marketwatch.com

China accuses US of igniting trade war with tariffs but there could be more talks ahead
Analysts say Beijing hasn’t given up possibility of further negotiations in the next three weeks before duties announced by both sides take effect
www.scmp.com

Trump’s tariffs aren’t the biggest trade problem. Will China step up to protect the WTO?
On Friday, the Trump administration ramped up tariffs on Chinese products, the latest in a series of U.S. potshots against China’s trade practices. But there’s a deeper trade rift that may have more far-reaching consequences if neither China nor the Trump administration changes course.
www.washingtonpost.com

China/U.S. Tariffs and How to Fight Back
Here are the two lists of Chinese products the U.S. has targeted, primarily machinery and industrial parts from industries such as aerospace, robotics, automotive, industrial machinery, and information and communications technology. These 1,102 product lines theoretically benefit from the Chinese government’s “Made In China 2025” industrial plan to become a global leader in certain new and advanced technology industries. China also issued two lists targeting U.S. products ranging from salmon to soybeans, Harley Davidsons to electric cars, orange juice to whiskey. China’s first list targets 545 product categories covering about $34 billion in U.S. exports to China and its second list targets another 114 product categories covering about $16 billion. Many of the U.S. products selected for extra tariffs are from Trump-voting red states that have benefitted from huge volumes of agricultural exports to China.
www.chinalawblog.com

From car giants to food firms, American companies calculate cost of China-US trade war
Agricultural behemoth Cargill and aerospace corporation Boeing urge Beijing and Washington to get back to the negotiating table
www.scmp.com

China tariffs hit Trump heartland where it hurts – in American agriculture and energy
Coal, crude and dairy products among the US commodities affected by retaliatory Chinese levies
www.scmp.com

China’s tariffs on U.S. oil would disrupt $1 billion monthly business
China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.
www.reuters.com

China’s Official News Media Sharply Criticize Trump
The newspaper that serves as the Chinese Communist Party’s mouthpiece, and other state-controlled outlets, had harsh words for the president’s tariff move.
www.nytimes.com

How China can hit back in a long, grinding trade war with the United States
Safety inspections, consumer boycotts and approval delays are just some of the ways that Beijing can respond to action from Washington
www.scmp.com

The real target of Trump’s trade war is ‘Made in China 2025’
US officials’ outrage at China having the temerity to resort to the standard tools of industry policy is the height of hypocrisy, writes David Dodwell
www.scmp.com

Google to invest US$550 million in Chinese e-commerce giant JD.com
Google will invest US$550 million in Chinese e-commerce powerhouse JD.com, part of the US internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
www.scmp.com

TMALL LAUNCHES TRY-BEFORE-YOU-BUY SERVICE
Tmall on Saturday introduced a “try before you buy” option for fashion fans shopping on the platform.
www.alizila.com

CHINA-US ZTE DEAL – THE CALM BEFORE THE STORM
Forget the claims of a breakthrough. The agreement between Washington and Beijing is bad for China – and it suggests even choppier waters lie ahead
www.scmp.com

China’s top local brands Chinese consumers declare Alibaba, Haier and Huawei their favourite local brands. What’s behind their appeal?
www.campaignasia.com

How China’s Alibaba Is Winning Over Hong Kong And Taiwan — Startup By Startup
Nearly 400 startups showed this month at Asia’s biggest annual tech show in Taipei, up more than 100 from last year. Anchoring their showroom at 2018 Computex Taipei was the Alibaba Entrepreneurs Fund, part of the China-based Alibaba e-commerce empire. The fund’s management carved out a mini amphitheater surrounded by some of the 23 prosperous companies from Taiwan and 16 from Hong Kong that it has supported since 2015 with a fund size of $461 million.
www.forbes.com

China is creating a huge carbon market—but not a particularly aggressive one
The biggest test of cap-and-trade to date may be too timid to make much of a difference for the world’s largest carbon polluter.
www.technologyreview.com

Chinese tourists ripped off by country’s oldest travel agency, undercover report claims
China Travel Service accused of selling half-price trips to affluent travellers then forcing them to go on high-pressure shopping trips
www.scmp.com

Beauty Brands in China Tap into the Power of Father’s Day
In China, the celebration of Father’s Day has become a mainstream phenomenon in recent years. Luxury brands are taking advantage of the opportunity for a new shopping festival, with many releasing marketing campaigns on major social media platforms a few weeks ahead of the holiday.
jingdaily.com

New York, Paris … Greater Bay Area? Beijing’s big idea to transform southern China
The central government is close to revealing the details of a plan to weld nine cities, including Hong Kong and Macau, into an innovative engine of growth
www.scmp.com

Don’t Fear China’s Industrial Juggernaut
Efforts to make champions of entire sectors often fail, as Japan showed in the 1980s.
www.bloomberg.com

Can China innovate?
China’s innovation path does not follow the Western one and it doesn’t have to.
www.aljazeera.com

Chinese investors feeling unwelcome in Australia
Chinese investment in Australia fell 11 per cent last year to NZ$14.8b. Chinese investors are more wary about Australia, with a growing number saying they feel unwelcome.
www.stuff.co.nz/business/world/104690061/chinese-investors-feeling-unwelcome-in-australia

From China to Central Asia, a regional security bloc’s long, slow march towards an alternative world order
The world’s attention was on Singapore and Toronto but the future may have been in the Chinese city of Qingdao
www.scmp.com

Malaysia’s regime change puts at risk infrastructure projects involving Chinese firms
Previously warm relations between two nations have cooled since Mahathir took charge
www.scmp.com

Will Pakistan’s “Belt and Road” Dream Turn into a Nightmare?
China’s infrastructure investments as part of its Belt and Road Initiative (BRI) have the potential to change the strategic dynamics of the entire Indo-Pacific region. The BRI’s “flagship” project is the $62 billion China–Pakistan Economic Corridor (CPEC) that is planned to run from one end of Pakistan to the other. This has led to overinflated expectations that seem unlikely to be met.
www.maritime-executive.com

Belt and Road Initiative must not be a tool of increasing power and control by any country: Polish Finance Minister
What advantages does Poland see in participating in the ‘One Belt, One Road’ project? Has it identified any disadvantages?
economictimes.indiatimes.com

China is building its new Silk Road in space, too
Many Chinese space companies, both state-run and private, are starting to brand their satellite launches and related investments as Belt-and-Road projects, helping to sell made-in-China satellites to countries that are already seeing other spending from the initiative.
qz.com

Hong Kong homebuyers snap up flats in city’s first two sales after US interest rate increase
Homebuyers in Hong Kong rushed to buy flats on Friday and Saturday in the city’s first two sales after the US raised interest rates, indicating no dip in the buoyant and expensive local property market.
www.scmp.com

UK’s WorldFirst set to be first foreign firm allowed into China’s payment services industry
The company could get its licence to operate in the city of Shanghai imminently, according to a senior city official
www.scmp.com

How China’s Alibaba Is Winning Over Hong Kong And Taiwan — Startup By Startup
Nearly 400 startups showed this month at Asia’s biggest annual tech show in Taipei, up more than 100 from last year. Anchoring their showroom at 2018 Computex Taipei was the Alibaba Entrepreneurs Fund, part of the China-based Alibaba e-commerce empire. The fund’s management carved out a mini amphitheater surrounded by some of the 23 prosperous companies from Taiwan and 16 from Hong Kong that it has supported since 2015 with a fund size of $461 million.
www.forbes.com

BRACE FOR AN EVEN BIGGER BUBBLE IN CHINA’S STOCK MARK
Rocky ride ahead if a new financial instrument fashioned ETSafter American Depositary Receipts that lets Chinese investors dabble in the country’s tech champions gets too popular
www.scmp.com

China’s largest job site Liepin seeks US$400 million in Hong Kong float
Wise Talent Information Technology, which operates China’s largest job recruitment site Liepin, is seeking to raise as much as HK$3.12 billion (US$400 million) in Hong Kong – the second biggest IPO by a unicorn company this year after Ping An Good Doctor’s US$1.1 billion listing in Apri
www.scmp.com

Li Ka-shing joins Bill Gates to fund probiotic product to fight child malnutrition
Horizons Ventures, the investment arm of Li Ka-shing’sphilanthropy foundation, and Bill & Melinda Gates Foundation lead US$40m funding for California-based Evolve BioSystems
www.scmp.com

Can the United States abandon Taiwan?
The first five months of 2018 have seen a remarkable downturn in the state of relations across the Taiwan Strait with China ratcheting up its diplomatic, economic and military coercion of Taiwan. In addition to ramped up military exercises around Taiwan, Beijing announced ‘31 measures’ incentivising Taiwanese residents to study, work, set up businesses and live on the mainland — measures that would contribute to the ongoing brain drain of Taiwanese graduates.
www.eastasiaforum.org

Man behind China’s new aircraft carrier detained in corruption investigation
Sun Bo, general manager of China Shipbuilding Industry Corp, suspected of serious violations of law, party discipline, watchdog says
www.scmp.com

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