Both sides have showed their strength and volition in

 unprecedented trade war: The US didn’t easily stop and China was not that fragile to be defeated. How

ever, it has proven no empty talk that in a long-term trade war, both sides would eventually lose.

President Xi and President Trump reached consensus on December 1 and put the two countries back onto the win-win track. Th

e consensus has responded to the situation, conformed with people’s wishes and reversed the pessimism of the market.

Starting December 2018, rounds of consultations resolved a large n

umber of divergences. The outcome has been sufficient to outline a new face of China-US econo

ic and trade cooperation and to bring an incalculable impetus to both sides’ economic development.

In the final phase of the talks, both sides must keep calm, treasure the already-made ach

ievements and promote smoother and fairer China-US trade cooperation.

US demand for China’s structural reform must stay in line with China-US trade coo

peration and coordinate with China’s reform and opening-up. The talks must not tr

y to force Beijing to change its economic governance or even its development path.

The final deal should attend to the interests of nongovernmental organizations that ultimately carry out economic and trade cooperation.

China and the US must sign an agreement that will inspire their peo

ple,  heralding accelerated economic development. Only such deals can withstand the test of history.

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The Modi administration has undertaken significant steps

India’s tax system, upgrade its bankruptcy laws and relax restrictions on foreign investment. The country witnessed a 23-place jump to a record 77th p

osition in the World Bank’s latest report on the ease of doing business, which covered 190 countries and regions. Fa

cts have proved that India’s economic reforms are conducive to improving the business climate for foreign investment.

Modi has launched a range of reform initiatives, and now the Modi administration must t

ell local authorities to fully implement these policies to ensure that the country’s economic re

form will go forward ahead of the general election. Effective implementation of current policies is mo

re important than launching new initiatives, and this effort will lay the groundwork for a better business climate.

India’s labor cost advantage has led some Chinese manufacturers to look closely at setting up assembly lines

in the country. Achieving a better understanding of India’s changing business climate will he

lp achieve win-win results and joint development of the two emerging economies.

China and India must enhance strategic communication and mutual trust to move their ec

onomic ties forward. Currently, the most urgent task is to prevent the suic

ide attack in the Pulwama district from affecting economic relations and India’s inbound investment.

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The UK National Cyber Security Centre has concluded tha

ways to limit the risks from using Huawei in future 5G ultra-fast networks,” according to tw

o people familiar with the matter which has not been made public, The Financial Times reported.

The article comments that the conclusion is “a serious blow to US efforts to persuade

allies to ban the Chinese supplier from high-speed telecommunications systems.”

As a member of the Five Eyes (the anglophone intelligence alliance comprising Austral

ia, Canada, New Zealand, the UK and the US), London may indeed have given a reason for other E

uropean countries to continue using Huawei based on the above conclusion.

Not a single country or organization has found any evidence so far demonstrating that Huawei has illegally collected its device users’ i

nformation. All accusations against Huawei of gathering intelligence for the Chinese government are only ba

sed on imagination. London’s conclusion provides a reliable basis for third parties to dispel such fears.

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There is a twin motivation behind his presence in the regio

one hand, Modi wanted to push forward the Citizenship (Amendment) Bill in South Tibet where it may help New Delhi assimilate local

population and convert it demographically into a more “Indianized” one; on the other, Modi sought to pacify irritated and alienated local comm

unities by introducing more developmental projects and pro-growth schemes. In addition, by sending out a strong signal that China’s fierce protests woul

d not deter him from visiting the frontier region, Modi also sought to appeal to nationalistic voters before the election.

Following the passing of the Citizenship (Amendment) Bill in the Lok Sabha on January 8, South T

ibet had been hit by waves of protests across the region. A large number of Hindu immigrants from Bangladesh have been sent into South Tib

et since the 1950s, but have no citizenship. However, if the Bill is enacted, these refugees would likely get Indi

an citizenship, which poses a threat to the local community as their swelling population in the long run may well crowd out and eat up the indigenous pop

ulation. For example, Hajong people – a Hindu group originally residing in former East Pakistan (now Bangladesh) which fled to India  due to religious persecu

tion – have been migrating to South Tibet since the 1960s, but their presence since then has been a constant source of conflicts.

It was against this backdrop that Modi trod on the soil of South Tibet. Signaling that his governm

ent gives a lot of importance to the region which has been neglected by previous governments, Modi sought to

pacify annoyed locals by giving them a long list of gifts. The Indian prime minister laid the foundation stone of several developme

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Five more lunar locations get Chinese nameon Jan

ive more geographical entities on the moon have been given Chinese names, based on discoveri

es from China’s latest Chang’e 4 mission, according to a news conference on Friday.

The China National Space Administration, Chinese Academy of Sciences and International Astronomical Union held a j

oint news conference Friday to announce the five names approved by the IAU on Feb 4.

The landing site of the Chang’e 4 probe is named Statio Tianhe, and three annular pits around the landing site are called Zhin

yu, Hegu and Tianjin. The central peak in the Von Karman Crater is referred to as Mons Tai.

The five places are clearly shown on high-resolution images based on data from the Chang’e 2 and Chang’e 4 missions.

China’s Chang’e 4 probe, launched on Dec 8, landed on the Von Kar

man Crater in the South Pole-Aitken Basin on the far side of the moon on Jan 3.

Tianhe, another name for the galaxy in ancient China, implies that th

e Chang’e 4 probe served as a pioneer in the history of human lunar exploration.

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Lai Xiaomin charged with bribery, corruption and bigamy

ai Xiaomin, former China Huarong Asset Management board chairman, has been charged with bribery, corruption and bigamy, the Supreme People’s Procuratorate said on Friday.

China Huarong is one of the country’s four largest State-own asset management companies.

It is alleged that Lai exploited various professional positions, including head of the Huarong

corporation and director-general of the banking supervision department of the People’s Bank of China.

While in these positions, it is claimed that he asked for and received significant benefits in exc

hange for “aid”, according to a press release from the SPP, the country’s top prosecuting authority.

It also alleged that Lai was in illegal possession of a large number of public properties, a

nd that he was living as husband and wife with a woman other than his wife, the release said.

Lai, 56, was placed under investigation by the Central Commission for Discipline Inspection (CCDI) o

f the Communist Party of China in April last year for “serious violations of disciplinary rules

and laws”, and was expelled from the Party and removed from public office six months later.

The CCDI said he violated political disciplines and State financial policies to blindly expand the c

ompany and operate it in a disorderly manner, resulting in it deviating from its primary tasks and business.

Lai, a Jiangxi province native, started his career at the People’s Bank of China in July 1983, and went on

to hold key positions at the China Banking Regulatory Commission and Beijing Banking Regulatory Bureau.

247xe.cn

Reportcan extenChina has the capacity to extend local governm

ment bond issuance or implement more tax cuts, Economic Information Daily reported Wednesday, citing the Chinese Academy of Social Sciences.

A total of 2.61 trillion yuan ($386.46 billion) of bond quota was unused by the end of 2018, accounting for 14.1 percent of total local debt, the academy said in a report.

This means China can extend bond issuance, or undertake 14 percent of tax and fee cuts.

The debt balance stood at 18.39 trillion yuan at the end of last year, well below the official ceil

ing of 21 trillion yuan, and accounting for 109 percent of total fiscal revenue of local governments.

In 2018 local authorities raised a total of 4.17 trillion yuan through bond issuance, down from 4.36 trill

ion yuan in 2017, according to the Ministry of Finance. The local debt ratio was 76.6 percent last ye

ar, significantly lower than the international warning line of 100-120 percent.

Last year local governments’ implicit debt risk was controlled effectively, however, the total debt level was still huge, the academy said.

In 2018 new explicit debts rose 13.5 percent to 2.18 trillion yuan, while the in-balance-sh

eet interest payment reached 734.5 billion yuan, with a 17.1 percent growth rate, about 2.75 times that of fiscal revenue.

A rapid increase in interest payments put pressure on future fiscal guarantees and service capacity, the academy added.

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hina refutes report of contact with Venezuelan opposition

BEIJING – China said on Wednesday that it hoped relevant media would report news abiding by principles of being objective and fair.

Chinese Foreign Ministry spokesperson Hua Chunying made the remarks when asked for comments on The Wall Street Jou

rnal reporting that Chinese diplomats had contact with Venezuelan opposition representatives in Washington.

“Recently, some media have been cooking up fake news. I don’t know what the purpose is,” said Hua at a press br

iefing. “We hope relevant media will report news abiding by principles of being objective and fair.”

As for the current Venezuela issue, China advocates seeking a political settlement through dialogue and consultation, Hua said.

The SpaceX Falcon 9 rocket, scheduled to launch a US Air Force navigation satellite, sits on Launch Complex 40 after the

launch was postponed after an abort procedure was triggered by the onboard flight computer, at Cape Canavera

nqlbn.cn

The central authorities plan to adopt the National VIemission

The bureau is soliciting public opinion on the draft until Feb 20.

With the new standard, major polluting gas from light-duty vehicles, including ca

rbon monoxide and nitrogen oxide, will be reduced by about 50 percent and em

issions of particulate matter will be reduced by about 40 percent, according to the bureau.

For heavy-duty diesel-powered trucks, the emissions of nitrogen oxide and particulate matter are expected to drop by more than 60 percent, it said.

Mobile sources, mainly vehicles, contributed 45 percent of locally generated

hazardous particles known as PM2.5 in 2017, outnumbering all other types of sources, according to the bureau.

Beijing has seen continuous improvement in its air quality. The PM2.5 density in th

e capital in 2018 stood at 51 micrograms per cubic meter, down by 12.1 percent year-on-year.

Officials and experts have said, however, it could be increasingly challe

nging for the city to further reduce air pollution after the local government has taken all ma

jor measures that could achieve quick results, including the shifting of bulk coal to clean energy as a heating source.

jvuau.cn

Zheng Wen, director-general of the ministry’s department of

circulation industry development, said online sales have become an important engine to stimulate domestic spending and i

mports. “Durable consumer goods with high-tech features and branded foreign products have huge commercial potential,” Zheng said.

Chinese e-commerce giant JD reported robust sales between Feb 3 and Friday, with sales revenue jumpi

ng 42.74 percent year-on-year. Smartphones, computers and home appliances were the top three items on JD in terms of sales value.

Chinese consumers tend to buy high-quality and diversified products, the comp

any said. Kitchenware sales posted the strongest growth — 399 percent year-on-year. That was followed by furniture and

luggage, with their respective sales revenue up 185 percent and 148 percent, JD reported.

China UnionPay, the country’s largest bank card operater by market share, saw its total transaction volume over the ho

liday period reach 1.16 trillion yuan, jumping 71.4 percent year-on-year, the company said on Monday.

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