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China Trade War Potential Casualties Include U.S. Casinos In Asia

The book explains China’s worldview of hot, warm and cold partners that receive commensurate shares of its growing wallet. Unlike treaty alliances, these relationships are fluid, shifting as policies and leadership change. The Philippines provide a prime example. When Philippine President Benigno Aquino III took China to international arbitration over competing claims in the South China Sea, China banned Philippine mangoes and discouraged travel there. When Rodrigo Duterte succeeded Aquino in June 2016, saying he would seek cooperation with China over maritime claims and steer the Philippines away from what Rein calls “American hegemony” in the region, the Philippines became a warm partner. The results have been staggering. Philippine visitor arrivals topped 6 million for the first time in 2017, growing 11% to 6.6 million. Chinese tourist arrivals grew 43% to 968,447, unseating the U.S. as the Philippines’ number two visitor source – that’s not empty symbolism – behind South Korea. In the first quarter of this year, overall arrivals jumped 15% and Chinese arrivals rose 55%. Meanwhile, Philippine gaming revenue rose 14% to a record US$3.28 billion in 2017, and is up again this year.

For the original version including any supplementary images or video, visit https://www.forbes.com/sites/muhammadcohen/2018/06/25/china-trade-war-potential-casualties-include-u-s-casinos-in-asia/

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Credit Doug Mills/The New York Times Mr. Trump, who was a developer before he became president, focused on one particular economic prospect for North Korea: real estate. “As an example, they have great beaches,” he said during a news conference after his meeting with Mr. Kim. “You see that whenever they’re exploding their cannons into the ocean. I said, ‘Boy, look at that view. Wouldn’t that make a great condo?’” Of the 82,000 American service members still missing from the wars of the past century, 7,702 are from the Korean War. Credit Associated Press For Americans who never got to bury loved ones killed in the Korean War, the summit meeting offered new hope. The joint statement signed by both leaders said their two countries were committed to recovering and repatriating the remains of soldiers who were designated captured or missing at the end of the conflict in 1953. Of the 82,000 American service members still missing from the wars of the past century, 7,702 are from the Korean War , according to the Defense POW/MIA Accounting Agency, which is responsible for recovering missing personnel from around the world. President Moon Jae-in of South Korea, center, watching coverage of the summit meeting from Seoul.

For the original version including any supplementary images or video, visit https://www.nytimes.com/2018/06/11/world/asia/trump-kim-live-updates.html

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