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US-China Relations - 2. page

VOA: U.S. Fines China’s ZTE $1.19 Billion for Breaching Sanctions

On March 8, Voice of America (VOA) reported that ZTE Corporation, China’s No. 2 telecom equipment company with extensive overseas operations, agreed to plead guilty and pay a fine of $892 million, as part of the settlement for breaking sanctions and selling electronics to Iran and North Korea. {Editor’s note: In addition to the $892 million ZTE agreed to a penalty of $300 million that will be suspended provided it complies with the agreement.}

VOA cited U.S. Attorney General Jeff Sessions in a Justice Department news release, “This plea agreement holds them accountable, and makes clear that our government will use every tool we have to punish companies that violate our laws, obstruct justice, and jeopardize our national security.”

On March 7, VOA quoted Zhao Xianming, chairman and chief executive of ZTE, as saying, “ZTE acknowledges the mistakes it made, takes responsibility for them and remains committed to positive change in the company.”

China’s Securities Times reported on its website that, at a press conference on March 9, Sun Jiwen, a spokesperson from China’s Ministry of Commerce, urged the U.S. to act properly for the healthy development of bilateral trade relations.

In response to ZTE’s having reached a settlement with U.S. authorities over U.S. export controls and sanctions charges, Sun remarked, “China has always resolutely opposed U.S. sanctions on Chinese companies using its domestic laws, and, in overseas markets,  has required Chinese companies to operate in compliance with local laws and regulations.”

Xinhua News Agency mentioned in a dispatch that the U.S. Commerce Department added ZTE on the Entity List under the Export Administration Regulations of March 2016. This has made it difficult for ZTE to acquire U.S. products such as chips and software.

VOA noted that when it was denied US chips and software, ZTE could have faced bankruptcy.

Sources:
Voice of America, March 8, 2017
http://www.voachinese.com/a/chinese-company-20170307/3754038.html
Xinhua News Agency, March 8, 2017
http://news.xinhuanet.com/world/2017-03/08/c_129503736.htm
Securities Times website, March 9, 2017
http://kuaixun.stcn.com/2017/0309/13100764.shtml

U.S. Aircraft Carrier Shows Its Muscle with Allies in the East China Sea

Well-known Chinese news site Sina recently reported that several frigates from the Japanese Maritime Self-Defense Force joined the U.S. Carl Vinson aircraft carrier battle group, which has been conducting the U.S.-South Korean military exercises. The Japanese participation lasted four days. It is very rare for Japanese military vessels to join forces with U.S. aircraft in the East China Sea. Apparently, Japan is gaming its luck to threaten China again. According to Japanese media, this joint exercise was a temporary arrangement instead of a planned event. Japan just completed a joint exercise with the U.S. Navy near Guam. The Japanese Ground Self-Defense Force also had a joint exercise with the U.S. Marines at the same time. To add to the picture, the U.S. invited the Philippine Defense Secretary on-board the Carl Vinson aircraft carrier a few days back. All these happened a week before the new U.S. Secretary of State Rex Tillerson will start his trip to visit China, Japan, and South Korea.

Source: Sina, March 11, 2017
http://dailynews.sina.com/bg/news/int/int/chinesedaily/20170311/09597767293.html

China’s Minister of Foreign Affairs: Both North Korea and the U.S. Need to Apply the Brakes

At a press conference held on March 8 for the Fifth Plenary Session of the 12th National People’s Congress, Wan Yi, China’s Minister of Foreign Affairs, answered news reporters’ questions.

A Reuters reporter asked him if China thinks a war will break out on the Korean Peninsula and asked how it could be prevented.

Wan answered, “On the one hand, the Democratic People’s Republic of Korea (DPRK), insists on its nuclear missile development. While ignoring international objections and violating the United Nations’ resolution, it recently fired four Ballistic missiles. On the other hand, the U.S. and South Korea held super-large scale military exercises and continually increase their military pressure over the DPRK. This is like two trains that keep accelerating, with no intention of avoiding each other. Are the two sides really ready for a head-on collision? The top priority at this moment is to flash the red lights and apply the brakes.”

Wan said China’s suggestion is that North Korea stops nuclear missile activity and the U.S. and South Korea stop large-scale military exercises, and then both sides come back to the negotiating table.

Source: Xinhua, March 8, 2017
http://news.xinhuanet.com/politics/2017lh/2017-03/08/c_129504192.htm

Duowei: Why The World Looks to China Now?

A Duowei commentary stated that, as the Western countries are getting into more trouble, the world is looking to China for its leadership.

The article gave several reasons. First, China has become the second largest economy in the world. Second, China has made progress in improving its discourse power in the world economy. “It seems that China has sent a positive message to the world: ‘When the Western world, led by the U.S., no longer wants to uphold the banner of free trade, China will take over the banner.’” Third, China’s plans for world and regional economic development, such as its proposal of “one belt, one road” and the Asia Infrastructure Investment Bank, are attractive.

“To China, the world has placed a huge responsibility and pressure on it; but it also gives (China) a historical opportunity. When the Western world started to have a management crisis and lost its ability to circumvent China and when globalization ran into problems and needed some big countries to provide global offerings, China got the opportunity to expedite its peaceful rise.”

Source: Duowei, February 25, 2017
http://opinion.dwnews.com/news/2017-02-25/59802160.html

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