Sino-File

THAAD chilly

“South Korea has gotten itself involved in a situation that damages the current balance on the peninsula.”

Lu Kang

Lu Kang

Lu Kang, Chinese foreign-ministry spokesman, berated South Korea after its agreement with Washington to deploy THAAD, an advanced missile-defence system. THAAD’s radar can penetrate inside Chinese territory, which is one reason Beijing has opposed it. China’s plan to take “relevant measures” has led to concerns over South Korea’s economy. For instance, Korean cosmetics companies’ share prices plummeted on the news, owing to worries Chinese consumers would buy less of their products.


© ChinTell Ltd. All rights reserved.

Exclusively sponsored by HSBC.

The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.