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US-China Relations - 2. page

CNBC Invited Host of the CCP’s Overseas Propaganda Network to Appear on U.S. Television

Liu Xin, the host of a talk show on the China Global Television Network (CGTN) was interviewed on CNBC’s “Squawk on the Street.” The interview was then broadcasted on the U.S. cable network on September 3, to “provide the perspective of the Chinese” on the ongoing Hong Kong protests and the U.S.-China trade war.

The Chinese Communist Party’s (CCP’s) mouthpiece China Central Television (CCTV) launched CGTN on December 31, 2016, to promote the CCP’s view overseas.

Liu made her name in the U.S. by attacking Trish Regan, the Fox Business Network host, who criticized China on the U.S.-China trade war. Trish invited her for a live debate on television, which turned out to be a “dialog” between the two hosts.

In CNBC’s interview, Liu called a portion of the Hong Kong protesters “rioters” and “offenders.” “We see the violence they are committing.” “We see the destruction they are inflicting on public property, and the interruption of the daily lives of the Hong Kong people, shutting down the metro and disrupting the airport.”

Liu didn’t mention how the police used brutal treatment against the protesters; nor did she mention allegations that they directly beat the protesters and supported gangsters in beating the protesters. She fell short of mentioning that Beijing has been ignoring the Hong Kong people’s appeals and taking a hard line position against them, which has caused the escalation of the situation.

On the trade war, Liu criticized the U.S. for raising tariffs on Chinese imports, saying that it’s “not the right direction for talks to resume.” “It really depends on whether the United States is able to show sincerity and to show good faith that it really wants to have a trade deal.”

Robert Spalding, a former National Security Council official and senior fellow at the Washington-based think tank Hudson Institute, told The Epoch Times that the CNBC interview was “bizarre.” He added that he has never seen a representative from Chinese state media be interviewed as a commentator on U.S. television.

Spalding said that Liu’s interview indicated that the Chinese regime was hoping [with the help of CNBC] to spread the CCP’s view to the world.

Source: The Epoch Times, September 4, 2019

Huawei Founder: Harmony OS Won’t Work on Phones Anytime Soon

Major Taiwanese newspaper China Times recently reported that Huawei founder Ren Zhengfei made a comment not long ago on Huawei’s much hyped operating system called Harmony OS. Ren stated, in a BBC interview on September 6, that “it’s unclear” how Huawei’s natively developed operating system Harmony can be migrated to phones. It may need a few years of research and development. Under the U.S. sanction, Huawei runs the risk of losing the capability of using Google’s Android operating system for phones. According to Ren, Huawei’s Harmony OS was designed for low-latency Internet of Things (IoT) types of use cases, such as watches and TVs. His position is different from what Huawei Consumer Business CEO Yu Chengdong said on a number of occasions in the past several months. However, Ren criticized the United States, saying that Huawei cannot be blamed for the failure that the U.S. has suffered in leading the communications industry. He said, “The U.S. took the wrong path on communications technology.”

Source: China Times, September 7, 2019

JP Morgan to Include China in Its Benchmark Bond Index

Starting on February 28, 2020, Chinese government’s debt will start to be part of the Government Bond Index-Emerging Markets (GBI-EM), a benchmark emerging-markets index that JPMorgan Chase & Co. will manage. The process of inclusion will be completed over 10 months.

The total capital of GBI-EM, which tracks global emerging markets, is approximately $226 billion, among which some $202 billion will be tracked in the GBI-EM global diversified benchmark. The Chinese government bonds will be capped at 10 percent of the index.

Earlier in April, Bloomberg Barclays, another index provider, began adding Chinese bonds to its global benchmark.

Source: The Paper, September 4, 2019

Mingpao: China Assessing the Level of High-Tech Dependency on the U.S.

Mingpao, one of the primary Hong Kong newspapers, recently reported that the Chinese government is assessing the dependency level that Chinese domestic high-tech vendors have on U.S. technologies. The goal is to evaluate the capabilities China has to sustain the trade war. It is also to be better prepared for a Chinese blacklist of U.S. companies. The China National Development and Reform Commission, the Ministry of Industry and Information Technology, and the Ministry of Commerce are jointly leading this effort. The process aims to minimize domestic damage while maximizing the strength of the attacks against the United States. Government officials have already contacted many Chinese companies, such as Xiaomi and Oppo, on their supply chain details. Some Chinese companies have already started moving away from U.S. suppliers. According to a June survey that the US-China Business Council conducted, most of the U.S. companies in China did not have the intent to withdraw from China completely.

Source: Mingpao, September 1, 2019

VOA Chinese: The Trade War May Impact the Pandas in the U.S.

Voice of America (VOA) Chinese Edition recently reported that the trade war between China and the United States is introducing not only the worry about the future of the world economy, but also the concern for the future of the pandas in the U.S. According to the rental agreements between a number of U.S. zoos and China, upon the expiration of the contracts, unless the contracts are renewed, the pandas have to be returned to China. The agreements also indicate that the U.S. born baby pandas are also property of China. The San Diego Zoo failed to obtain a renewal of their contract. Currently there are only three zoos left in the United States that still have pandas: The National Zoo in DC, the Atlanta Zoo, and the Memphis Zoo. In the past decades, the Chinese government has used pandas as a foreign relationship tool. Sometimes they are leased and sometimes they are given as gifts.

Source: VOA Chinese, August 30, 2019

Foreign Ministry Spokesperson: U.S. Is Liable for Its Fentanyl Problem

At its regular press conference on August 26, 2019, China’s Foreign Ministry Spokesperson Geng Shuang blamed the U.S. for its fentanyl problem. From the supply and demand theory, Geng indicated that the fault is the result of the U.S. demand. He argued that implicitly it is not the result of China’s supplying such a drug.

The question asked was: “US President Trump tweeted on August 23 that he has ordered American delivery companies to search for fentanyl in all packages from China and block any deliveries that contain such substances. FedEx, UPS, and the U.S. Postal Service said they began taking measures to prevent drug traffickers from using their services following President Trump’s instruction. I wonder, what is China’s comment?”

Geng gave a lengthy answer, including the statement, “As laws of basic economics tell us, demand and supply come hand in hand. Supply dries up when there is no demand. In the U.S., people tend to abuse prescription painkillers. The American people, accounting for only five percent of the world population, consume as much as 80 percent of the world’s total opioids. The U.S. government can by all means intensify its efforts to reduce the demand for fentanyl.”

Source: China’s Foreign Ministry website, August 26, 2019