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Chinese state media rebukes Donald Trump for "Twitter foreign policy"

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NewsHubPresident-elect Donald Trump has taken to Twitter recently to sound off on foreign policy issues.
China isn’t happy.
A story about Mr. Trump’s tweets posted this week on Xinhua, China’s state news agency, said Twitter should not be used as “an instrument of foreign policy.”
“An obsession with ‘Twitter foreign policy’ is undesirable,” read the headline of commentary from Xinhua on Tuesday, according to a translation from the New York Times.
“Everyone recognizes the common sense that foreign policy isn’t child’s play, and even less is it like doing business deals,” the article said.
Mr. Trump has kept up a consistent pace on Twitter in recent weeks, posting 140-character missives on everything from Guantanamo Bay prisoners to whether he would have beaten President Obama in a hypothetical 2016 matchup.
His tweets also include frequent commentary on foreign policy — and in the last month, a handful of those tweets have been directed at China. On Monday, he tweeted to criticize the U. S.-China trade relationship and to chide China for refusing to “help with North Korea”:
China has been taking out massive amounts of money & wealth from the U. S. in totally one-sided trade, but won’t help with North Korea. Nice!
That tweet prompted China’s foreign affairs minister to respond during a press conference the following day, where he said the “essence of China-U. S. economic cooperation and trade is mutually beneficial” and that China’s position on North Korea “is consistent and clear.”
And shortly before Christmas, he took to Twitter to accuse China of “steal[ing] United States Navy research”:
China steals United States Navy research drone in international waters – rips it out of water and takes it to China in unprecedented act.
Earlier in December, Mr. Trump tweeted about China’s currency manipulation:
Did China ask us if it was OK to devalue their currency (making it hard for our companies to compete), heavily tax our products going into..
their country (the U. S. doesn’t tax them) or to build a massive military complex in the middle of the South China Sea? I don’t think so!
Still, the Xinhua story recognized that tweeting is a “habit” for Mr. Trump, and something they did not expect to stop once he takes office.
“Issuing tweets has become a habit for Mr. Trump,” Xinhua said. Mr. Trump, the story said, “issuing hard-line comments and taking up sensitive issues” might help him in negotiating with other countries.

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China fog alert: Beijing issues first-ever red alert for fog

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NewsHubChina’s national observatory issued the fog alert Tuesday in a number of northern and eastern regions.
That followed some 24 cities issuing red alerts for air pollution. Red is the most serious level in the country’s warning system.
Through Wednesday, thick fog in parts of the Beijing-Tianjin-Hebei region will reduce visibility to less than 500 meters (about 547 yards), as well as in the provinces of Henan, Shandong, Anhui and Jiangsu, the National Meteorological Center said. In extreme cases, visibility may fall below 50 meters (55 meters) in those regions.
The center also renewed an orange alert for smog in the same period in northern, eastern and central China, with smog continuing to blanket the regions since Friday.
By Wednesday, the fog alert in Beijing had been downgraded to yellow, though the city issued a red alert for smog, according to the Beijing Meteorological Service.

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North Korea cannot ‘tip’ missile with nuclear warhead, US State Department says

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NewsHubNorth Korea continues to pursue nuclear and ballistic missile technologies but the United States does not believe it is in a position to “tip” one of them with a nuclear warhead, State Department spokesman John Kirby said on Tuesday. North Korea’s leader, Kim Jong-un, said on Sunday , raising the prospect of putting parts of the United States within range. “We do not believe that at this point in time he has the capability to tip one of these with a nuclear warhead … but we do know that he continues to want to have those capabilities and the programmes continue to march in that direction,” Kirby told reporters. Asked whether he would agree with president-elect Donald Trump’s assessment that China was not helping to contain North Korea’s nuclear ambitions, Kirby said: “We would not agree with that assessment.” Trump, who will take office on January 20, that North Korea would not be allowed to complete a nuclear weapon capable of reaching the United States, although he did not say how he would stop it. “It won’t happen!” he said on Twitter. Trump’s transition spokesman, Sean Spicer, said the tweet spoke for itself but added that it meant, “Under his watch he’s going to make sure that that doesn’t happen.” Pyongyang’s action will be discussed at a meeting in Washington on Thursday between the United States, Japan and South Korea, led by Deputy Secretary of State Antony Blinken, Kirby said. “No question that tensions on the Korean peninsula will be a topic of discussion [but] where that is going to take us, especially in light of Kim Jong-un’s speech, I don’t know,” Kirby said. Asked about the possibility of more sanctions against Pyongyang, he added: “We haven’t ruled out the possibility of additional sanctions.”

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© Source: http://www.scmp.com/news/asia/east-asia/article/2059243/north-korea-cannot-tip-missile-nuclear-warhead-us-state
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Asia Unbound North Korea: Four Hard Questions for the Trump Administration

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NewsHubSungtae (Jacky) Park is research associate at the Council on Foreign Relations.
On January 2, President-elect Donald Trump tweeted that a nuclear North Korea capable of hitting parts of the United States “ won’t happen .” Yet, North Korea has been advancing its nuclear and missile capabilities at an alarming pace, and he will not be the first president to face the North Korean threat. George H. W. Bush, Bill Clinton, George W. Bush, and Barack Obama all attempted but failed to address the issue. Trump cannot continue the current path and expect different results. But, before looking for a different path, the new administration first should ask a number of hard questions that might better shed light on the nature of the problem and the decisions that could or should be made.
Read in The Diplomat about the four hard questions that should be asked…

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China Warns Donald Trump Not to ‘Escalate’ North Korea Situation With Erratic Tweets

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NewsHubChina has hit back at Donald Trump’s claim that Beijing isn’t doing enough to rein in rogue state North Korea, cautioning the U. S. President-elect not to “escalate” an already tense situation on the Korean Peninsula through his liberal use of social media.
On Monday evening, Trump took to Twitter to deny North Korean leader Kim Jong Un’s claim that his nation was in the “final stage” of developing a nuclear-armed ballistic missile capable of hitting the U. S. mainland. Trump then followed up with another tweet to say China wasn’t doing enough to temper the young despot’s belligerence.
“China has been taking out massive amounts of money & wealth from the U. S. in totally one-sided trade, but won’t help with North Korea. Nice!” read the tweet.
In response, China’s Foreign Ministry spokesman Geng Shuang told a press briefing on Tuesday that his government’s efforts were “widely recognized,” and that “we hope all sides will avoid remarks and actions to escalate the situation.”
The Korean Peninsula is the latest source of friction between the incoming Trump Administration and China to be aired via the President-elect’s Twitter account.
Last month, Trump revealed he accepted a congratulatory phone call from Taiwan President Tsai Ing-wen in a breach of almost four decades of diplomatic protocol. Beijing still claims sovereignty over the self-governing island despite its effective split from the mainland in 1949 following China’s civil war.
Trump has also frequently used Twitter to accuse China of underhand trade practices like currency manipulation that he claims have forced American jobs oversees. The real estate mogul has nominated at least two hard-line China trade critics — Robert Lighthizer and Peter Navarro — to top posts in his Administration.
Regarding North Korea, Trump has a point: China is Pyongyang’s only friendly nation of note and accounts for 90% of its trade. The continued existence of North Korea is of strategic advantage to Beijing if the alternative is a unified Korean Peninsula administered by Seoul that is a staunch U. S. ally.
However, a belligerent, nuclear-armed North Korea isn’t in Beijing’s interests. This raises the temperature in East Asia and prompted South Korea to accept deployment of American THAAD antimissile batteries. Japan may soon follow.
“China’s relations with North Korea are complex and difficult,” writes Evans J. R. Revere in a report for the Brookings Institution in October. “But Beijing’s bottom line is that it is better to keep a troublesome North Korean ally afloat than to risk what might result if we push Pyongyang too hard.”
Nevertheless, in a bid to temper Kim’s aggression Beijing signed up to unprecedented U. N. sanctions in March following Pyongyang’s fourth nuclear test. North Korean exports of coal and minerals have dropped as a result, though a fifth nuclear and several missile tests still followed.
According to a U. S.-Korea Institute report last year, “China’s cooperation [is] essential but with increasing tensions in the South China Sea, the U. S. rebalance to Asia, and South Korea’s decision to deploy THAAD, this can no longer be taken for granted.”
To truly bridle the Kim regime, the incoming U. S. President will have to work hard to assure Beijing that its strategic interests are not compromised by coming down tougher on North Korea. The question is: Does Trump’s baiting of China on Twitter render a difficult sell now impossible?

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Trump to choose Hagerty as the next US ambassador to Japan – source

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NewsHubWASHINGTON: U. S. President-elect Donald Trump plans to pick William Hagerty as the next U. S. ambassador to Japan, an adviser to Trump’s transition team told Reuters on Wednesday.
Japan’s Nikkei news service reported earlier that Trump would announce the choice of Hagerty soon. The adviser who spoke to Reuters confirmed the Nikkei report. He spoke on condition of anonymity.

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Chauncey Trump

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NewsHubThis morning President-Elect Trump is out with an ambiguous and possibly meaningless (it’s sort of like Being There) series of tweets warning Republicans to „be careful“ and make sure that Democrats „own“ the „ObamaCare disaster. “ But the truth is, while the ACA has real problems, it had its best year of sign ups to date. It is demonstrably not failing and not a disaster. Indeed, it’s gotten marginally more popular over the last few months, though that is likely because Republicans are now less invested in reflexively opposing it. The real bottom line number is that the latest polls show that only about a quarter of Americans want Obamacare repealed. A quarter!
The gist of what Republicans are saying this morning – both Trump and the GOP – is that they need to remind Americans how awful the ACA is so they’ll have some way to explain, to justify why they’re taking health care coverage from 20 to 25 million Americans, to have some explanation for the s%$&storm they’re about the fly the country’s health care system into. Again, there are definitely problems. There are lots of ACA markets with too little competition and thus spiking prices. But the ’solution‘ is simply to take away care altogether.
They simply have no idea what to do and now they’re being taunted by Trump not to blow and he doesn’t have any idea either. It would be funny if millions of people’s lives and well being weren’t on the line.

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Praying for prosperity ‹ Japan Today

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NewsHubPeople offer prayers on the first business day of the year Wednesday at Tokyo’s Kanda Myojin shrine, which is known to be frequented by worshippers seeking good luck and prosperous businesses.

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Nikkei hits 13-month high ‹ Japan Today: Japan News and Discussion

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NewsHubTOKYO —
Japan’s Nikkei share average started 2017 trading on a strong note on Wednesday as investors cheered upbeat global economic data released during Japan’s holidays, and a weaker yen boosted exporters.
The Nikkei rose 2.5 percent to 19.594.16, making the biggest gains in about two months and closing at its highest level since early December 2015.
The broader Topix gained 2.4 percent to 1,554.48, also its highest finish in over a year, led by gains in shippers, steelmakers and exporters.
Advancers outnumbered decliners by more than 15-to-1.
Toshiba, the most traded stock on the main board by turnover, ended down 2 percent following volatile trade after a media report said the security watchdog suspects the Japanese conglomerate of misreporting profits.
(c) Copyright Thomson Reuters 2017.

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Asian markets in the green; Nikkei up 1.7% as the yen weakens

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NewsHubJapanese shares up more than 1 percent on Wednesday morning as the yen weakened against a stronger dollar, and after a private survey suggested the manufacturing sector might be recovering.
Earlier, Toshiba plunged as low as 6.9 percent to 263.5 yen each share at the open, after media reports that a Japan watchdog suspects the company padded profits by 40 billion yen in the past three years, Reuters reported.
Shares of the Japanese conglomerate recovered from earlier losses to trade up 1.1 percent at 279.5 yen by 9:00 am HK/SIN. The stock has fallen nearly 37 percent or 19.6 yen each since last Dec. 26.
The final Nikkei Japan manufacturing Purchasing Managers Index (PMI) rose to 52.4 in December, beating a preliminary reading of 51.9 and November’s 51.3. A figure above 50 represents expansion in a sector, while a reading below 50 indicates contraction. The private survey indicates Japan’s manufacturing sector is seeing signs of recovery, with increase domestic and global demand.
Australia’s ASX 200 wavered between negative and positive for most of the morning session, and last traded up 0.1 percent.
South Korea’s Kospi was nearly flat, up 0.02 percent, after South Korea’s finance minister said the economy’s recovery momentum will likely slow this year, and its time for fiscal policy to play a more active role to boost growth, Reuters reported.
The country is also in the midst of a months-long political scandal, with President Park Geun-hye refusing to testify on Tuesday in the impeachment trial that is set to determine her future, after denying charges of wrongdoing over the weekend.
On the economic data watch, India’s Nikkei Services PMI for December is due while in Southeast Asia, Indonesia and Thailand will announce respective inflation data for the previous month.
Over in the U. S., the Dow Jones industrial average closed up 0.6 percent at 19,881.76, the S&P 500 finished up 0.85 percent at 2,257.83 and the Nasdaq composite gained 0.37 percent, to close at 5,429.08.
The greenback surged to a 14-year high, up 0.7 percent in the first two trading days of 2017, and supported by a strong read on the ISM manufacturing, which was up 54.7 in December at its highest level in two years.
On Tuesday, the Markit/CIPS UK Manufacturing PMI rose to 56.1, its strongest reading since June 2014, and a jump from 53.6 in November. Meanwhile, China’s Caixin manufacturing PMI also came in stronger than expected, at 51.9 in December, its best since January 2013.
The dollar index was trading at 103.23 as of 9:00 am HK/SIN, compared to Tuesday’s levels around 102. Against the greenback, the yen continued to weaken for the fifth straight session, at 117.91, while the Australian dollar was tracking $0.7224.
U. S. crude was up 0.57 percent to $52.33 per barrel in early Asian trade, while global benchmark Brent fell 2.4 percent to settle at $55.47 a barrel in the U. S. on Tuesday.
Oil prices dropped more than 2 percent on Tuesday in the U. S. as the dollar surged to a 14-year high. A stronger dollar may weigh on commodities, which are dollar-denominated, making it more expensive in other currencies.

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© Source: http://www.cnbc.com/2017/01/03/asian-stock-markets-to-focus-on-lower-oil-prices-dollar-strength-pmi-data.html
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