Gary Rieschel, founder of Qiming Venture Partners, takes a look at how innovative China has been and how the US-China rivalry may spur or stifle innvation.
USC and China in the News, May and June, 2019
China-related news involving USC research, faculty, students and organizations.
June 26, 2019: South China Morning Post
An article about Liu Young-way, named to succeed Terry Gou as chairman of Foxconn, the world’s biggest contract electronics manufacturer, noted that Liu received a master’s degree in electrical engineering from USC.
June 18, 2019: South China Morning Post
Research by USC accounting scholar T. J. Wong and co-authors from the Chinese University of Hong Kong was reported on. The study looked at whether or not social media could correct for the positive bias in Chinese state media about stocks. The study looked at least one article in traditional media and at least three social media posts on the same day. Altogether 970,000 firm/day posts were examined. They found that posts to the East Guba forum were less positive and a correction for more positive coverage in the traditional media.
June 13, 2019: Politico
Greg Autry of the USC Marshall School of Business was quoted in a story about the US and China rivalry in going to the moon. He said, “Chinese progress has been incredibly slow given the access they had to all of this stuff and a half-century of history to analyze on the way… They’ve done zero new things beyond going to a different location on the moon.” He noted, however, “[I]t is good to have a competitor. It gives us a sense of mission.” He concludes, though that NASA doesn’t really understand the commercial prospects of advancing in space.
June 13, 2019: Deadline
Stanley Rosen, USC political scientist, was quoted in an article about Hollywood’s nervousness about the trade war. Rosen said that when China is unhappy, to “punish that country with the strongest tool in their tool kit: access to the Chinese market.” Rosen notes, though, that China has good reason to keep importing Hollywood films as it wants to expand its film market.
June 13, 2019: Talking Points Memo
Rebecca Lonergan of the USC Gould School of Law and a former prosecutor was interviewed for a story on the Yujing Zhang. Zhang is a Chinese citizen who was arrested at President Trump’s Mar-a-Lago club with electronic equipment. Prosecutors asked the court for permission to submit “classified information” that would not be disclosed to Zhang or to the public. Lonergan said, ““We can’t tell from the fact of the CIPA filing whether it indicates that she is involved in espionage.”
June 13, 2019: China Daily
An article about a new series of books on Beijing Opera noted that the USC library is one of those which has the books.
June 11, 2019: Nikkei Asian Review
Liu Young-way 劉揚偉, a USC alum, was quoted and discussed in an article about how Foxconn may deal with the ongoing U.S.-China trade war. Liu heads Foxconn’s semiconductor division and is widely expected to take over for Chairman Terry Gou who is planning to run for president of Taiwan. Liu said that it will be necessary to move iPhone production outside of China. He also said the company was stepping up its plans to build a plant in Wisconsin. Liu was cited in a number of other publications including the Wall Street Journal.
June 6, 2019: Architectural Record
USC professor of architecture (and the dean of architecture, 2007-2017) Qingyun Ma’s Shaanxi winery is featured, with particular emphasis on his newly completed GateHall. The 21,000 square foot building “is a hybrid that’s simultaneously familiar and odd.” Ma started the winery in 2000 and has long seen it “as an experiment in cultural and architectural cross-fertilization.” “The goal is to integrate culture, agriculture, and nature,” says Ma.
May 29, 2019: South China Morning Post
USC political scientist Stanley Rosen was quoted in a story about Chinese efforts to communicate with Americans. He said, “[China’s officials] want to send a message that this is a long-term problem, that it’s all the US’ fault and that China is a long civilization that can outlast these threats.”
May 16, 2019: World Journal 世界日報
A Q and A with Clayton Dube of the USC U.S.-China Institute on the trade war between China and the U.S. was published. Dube noted that both sides were currently losers in the standoff, but that both had benefitted from economic ties in the past and could in the future. He emphasized that while the tariffs understandably dominated the headlines, that the struggle was really about the economy of the future and whether or not American and Chinese firms would compete on an open and fair basis or would try to skew the competition through protectionist policies.
May 17, 2019: TVC (Nigeria)
Brian Peck, director of the USC Transnational Law and Business Center, was interviewed about the U.S.-China trade war. Peck noted that U.S. consumers and farmers had suffered as a result of the imposition of tariffs and that the International Monetary Fund had found that global growth had slowed since the trade war began.
May 13, 2019: KTLA
The USC U.S.-China Institute’s Clayton Dube was interviewed about the importance of U.S.-China trade to Southern California and potential consequences of the ongoing trade war. He noted that California exported over $25 billion in goods to China and Hong Kong in 2018, making China our second largest export market after Mexico. Tesla, alone, accounted for nearly $3 billion of those exports. Other products that could be affected are aircraft parts, industrial machinery, computer chips and agricultural goods. On the American side, if the tariffs go into effect, consumers could see higher prices on a wide array of goods from furniture and flooring to vitamins and virtual reality headsets. Automobiles, dependent on parts from China, could go up $1,000-$3,000. Dube stressed that all this may be avoided if the two sides can reach agreement in the next few weeks.
May 7, 2019: The New Yorker
Stanley Rosen, USC political scientist, was quoted in a story regarding a decision by CBS to censor a song critical of China in one of its dramas, The Good Fight. Rosen thought that there was actually little risk for CBS, but noted that some companies have been punished, “Your whole brand, your whole company, is subject to the most offensive thing in your repertoire. People have learned from past mistakes—I don’t want to say past mistakes, but past decisions.”
May 6, 2019: Xinhua
Chongwu Zhou, a USC Viterbi School of Engineering professor, commented that the Chinese Government Award for Outstanding Self-Financed Students Abroad was a sign of both the quality of U.S. universities and the strength of China. 15 students were recognized at an event organized by the Chinese Consulate in Los Angeles.
Please join the USC U.S.-China Institute for an online discussion with Nick Cull to look at the impact of the Covid 19 crisis on the battle of images between the United States and China.