Major General Jin Yinan gave a speech on January 20 about how China should position itself after Trump takes office. He explained in detail why China has nothing to worry about at all.
Global Times, a subsidiary of the Chinese Communist Party official newspaper People’s Daily, reported that a spokesperson from the Taiwan Affairs Office of the State Council referred, on February 22, to the China foreign ministry spokesperson’s position regarding U.S. marines to be posted at the American Institute in Taiwan (AIT) in Taipei. The AIT is the U.S. de facto diplomatic mission on the island in the absence of official ties. Foreign Ministry spokesperson Geng Shuang, when answering a question on the AIT on February 17, stated, “China has always objected to U.S.-Taiwan connections through official and military channels.”
In an earlier commentary on February 17, Global Times reported that Stephen Young, a former director of the AIT, said Washington would send marines soon to guard the new compound.
Wang Jianmin, a research fellow with the Institute of Taiwan Studies at the Chinese Academy of Social Sciences, said this move from Washington is a critical part of enhancing U.S.-Taiwan relations, but it would cause significant harm to Sino-U.S. relations. It would also negatively impact the already impaired relations across the Taiwan Strait.
On February 16, Wang told Global Times that the current Taiwan administration has been pushing pro-Japan and pro-U.S. policies. The U.S. takes this opportunity to enhance its military exchanges with Taiwan, so as to solidify its political commitment to Taipei. However, such a political commitment is itself a mistake. Offering special protection from one sovereign country on land within another sovereign country highlights U.S. hegemony.
Sources: Global Times, February 23, 2017
Global Times, February 17, 2017
Global Times, a subsidiary of People’s Daily Online published an analysis of the U.S. aircraft carrier and guided-missile destroyer deployed over the weekend to patrol the South China Sea. The analysis appeared on February 20 in the military section of the website of the Chinese Communist Party’s official newspaper.
It cited the U.S. Navy’s press release issued on February 18 that the USS Carl Vinson carrier entered the South China Sea on Saturday.
The analysis cited an article from Japan Times that China watchers believe Washington intends to gauge the Chinese response and then conduct a more beefed up freedom of navigation operation.
Analysts told Global Times reporters that U.S. warships’ patrolling in the South China Sea is different in nature from their entering the adjacent waters of islands in the area. China’s navy has maintained a normalized patrol in the waters of the Nansha Islands, also known as the Spratly Islands. It is paying minute to minute attention to see whether US warships will make any risky moves.
The analysis mentioned an earlier report from U.S.-based Navy Times, that, according to several Navy officials, the U.S. Navy is planning fresh challenges to China’s claims in the South China Sea. It is sailing more warships near the increasingly militarized man-made islands that China claims as its sovereign territory in order to ratchet up potentially provocative operations in the South China Sea. The military’s plans also likely call for sailing within 12 nautical miles of China’s newly built islands in the Spratly and/or Paracel islands.
China’s Foreign Ministry spokesperson Geng Shuang said in the routine press conference on February 15, “China always respects the freedom of navigation and overflight of all countries in the South China Sea in accordance with international law, but we oppose those who threaten and harm China’s sovereignty and security under the pretext of freedom of navigation and overflight.”
Global Times reporters noted that China’s Ministry of Defense has made no official response regarding this latest development. Global Times‘ interpretation is that China is more at ease when confronting U.S. military intimidation coupled with media hype.
Source: People’s Daily Online, February 20, 2017
Japan Times, February 19, 2017
Xinhua recently published three consecutive commentaries warning about the “American risks,” especially the risks that Wall Street poses. The first commentary is titled “Is Wall Street Brewing a New Crisis?” The article warned that the whole landscape of economic optimism, the appreciating dollar, and a rapidly growing stock market, seems to be déjà vu all over again, just like the days before the last global crisis. People should not underestimate Wall Street’s greed. The second commentary pin-pointed the question, “Will Deregulation Trigger a New Crisis?” The commentator suggested that, since President Trump promised deregulation of the financial market along with plans for a tax cut and major infrastructure investments, Wall Street has been enjoying a “rave party.” The combined stimulation package could increase the risks to a dangerous level. The third commentary asked, “Why Are the Wounds from the Previous Crisis So Difficult to Heal?” The author quoted the International Monetary Fund (IMF) which stated that the advanced economies responded to the earlier Crisis with public financial stimulation like the Quantitative Easing (QE) policies. These policies introduced high debt, low investment and a fragile financial industry across the globe. The structure of the U.S. financial system originally caused a lack of investment and consumer spending and slowed the recovery from the previous crisis.
Source: Xinhua, February 15, 2017
Chinese military expert Yin Zhuo said, in an interview with CCTV, that the United States is trying to use the South China Sea and the Diaoyu Islands issues as a means to crush China. New U.S. Defense Secretary James Mattis’s visit to South Korea and his scheduled talks with Korea Foreign Minister Yoon Boon-sik and Defense Minister Han Min-chou are to discuss such issues as the deployment of the THAAD anti-missile system, the deployment of U.S. strategic weapons to the Korean Peninsula, and strengthening the deployment of the Asia-Pacific strategic weapons. The intention is to target China. Yin expressed the belief that the United States is forcing China to meet the United States’ requirements in such areas as the economy, the world order, and on other issues.
Military expert Du Wenlong pointed out that the new U.S. Defense Secretary’s choice of South Korea as his first destination in visiting a foreign country is an indication of the two countries’ intention to strengthen their military alliance.
Du said that, for China, there is no room for negotiations on territorial and sovereignty issues, not to mention using them as a bargaining chip. China should let the world see its determination and also its ability <to safeguard its territory>. At the same time, China should display its own advantages and its expertise in the modernization of its national defense and the development of its weaponry to deal well with threats and to contain opponents.
Source: People’s Daily, February 4, 2017
Well-known Chinese news site Tencent recently reported that, according to newly released statistics, China’s 2016 overseas commercial real estate investment reached a record high of US$38.3 billion, which constituted over 45 percent of China’s overall overseas investments. The United States was the largest destination of China’s investment money, totaling US$18.3 billion, which represented a 400 percent growth over 2015. Chinese investment in Britain increased 32 percent. Hong Kong, Korea, Canada and Germany all saw growth. However, since China’s foreign exchange reserve decreased US$69.1 billion in November, that month, the central government tightened up control of overseas investments. That control included a ban on investments over US$10 billion and restrictions on deals over US$1 billion. Experts expressed the belief that overseas investments will remain strong in 2017 due to the fact that investors typically expect a low return on domestic investments.
Source: Tencent, January 26, 2017