hinese Vice Premier Liu He will visit the US on Thursday and

Friday to continue high-level trade negotiations. His new title as Chinese President Xi Jinpi

ng’s special envoy indicates the importance and authoritativeness of the talks. As pre

paration for the event, consultations at vice-ministerial-level between China and the US were recovered on Tuesday.

The world’s stock markets surged Monday due to the optimistic prospects on the deals that Beijin

g and Washington are expected to make. US President Donald Trump praised “big progress” in the

trade deal on Twitter. His words further stoked the stock markets of the US, which reached the highest in two m

onths and so increased pressure on the Trump administration to close the deal with China.

Analysts believe that if the two countries couldn’t come to an agreement, and as a result the US imposes more tariffs on Chinese prod

ucts while China responds with fiercer countermeasures, it would be a catastrophic strike to global stock markets.

In terms of avoiding such blows, the Trump administration is probably the most pres

sured. Thus in general, by the end of the trade negotiations, China and the US have become more psychologically equal.

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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 last time Japanese leaders visited Pyongyang was

during the administration of then prime minister Junichiro Koizumi. As then deputy chief cabinet secretary, Abe was also

part of the visiting delegation. Currently, the domestic politics in Japan is stable. Abe is set to remain in office u

ntil 2021. Abe’s diplomacy with Russia has been criticized at home as fawning toward Moscow. Abe would not risk visiting North Korea if Pyongyang does n

ot make obvious concessions. Japan’s strategic changes toward North Korea should come about gradually.

However, Abe and Kim may meet in a third state, which is friendly with both countries, such as Mon

golia. Their diplomats, special envoys may meet first, laying the ground for both leaders’ face-t

o-face talks. However, a meeting between Abe and Kim may unlikely happen in 2019.

In January, Thubten Gyatso from Moding village in the Garze Tibetan Autonomous Prefecture in Southwest China’s Sichuan Pr

ovince, went to Hainan Province for the first time in his life, where he attended an awards ceremony for rural teachers.

Together with 100 other teachers from China’s rural areas and 20 head

masters of rural schools, Thubten Gyatso received an award for what he has done for stud

ents from Moding village, located in a mountainous area 2,600 meters above sea level between Sichuan and Yunnan provinces.

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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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Japan aims to expand political clout by creating global military

In April and July, Japan signed the Acquisition and Cross-Servicing Agreement (ACSA), a m

ilitary logistics pact, with Canada and France respectively. The Japanese government will tr

y to get it approved by the National Diet this year. Canada and France are also advancing domestic procedures for its approval.

The agreement will enable the provision of food, fuel and military supplies between Japan’s Self-Defense Forces (SDF) and Fren

ch and Canadian armies. Japan has also inked ACSAs with the US, the UK, Australia and India. Why did Japan sign such an agreement?

After WWII, especially in the late 1960s when Japan became an economic powerhouse, it was no longer satisfied with its status as a military microstate.

In the mid-1980s, Japan accelerated the pace to push its SDF onto the world stage with the aim of becoming a major political power.

In 1996, Japan signed the ACSA with the US, followed by one with Aus

tralia in 2010. After the new security law took effect on March 29, 2016, Ja

pan amended the two ACSAs, which enabled more flexible provision of ammunition in wartime between the signatories.

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It is natural that Europeans consider more of their own

interests, but they should stick to justice in major affairs otherwise double standards will prevail.

Europe does not feel any threat from China’s missiles. In security, Europe is caught in the middle of Moscow and Washington.

Europe is not the source of China’s security pressure. But Germany has dragged China into its own security pli

ght, which not only damages China’s interests, but also leads Europeans in the wrong direction for their security concerns.

Globalization has remolded the existing power pattern and will also change the world’s political landscape. The era that Europe’s interest

s are tied with the Western camp is ending. America First will become the dominant principle in tr

ans-Atlantic ties. Europe is destined to fall behind the US and needs to recalculate its orientation.

As the world’s second largest economy, China needs defense capabilities which should be more powerful than it has now so as t

o build peace in the Asia-Pacific region and beyond. A peaceful and stable Asia-Pacific region will benefit Europe.

The Asia-Pacific is far from reaching a balance of power. Germans are clear abo

ut the wide gap between the Chinese and US militaries. Merkel’s words are nothing but a bubble in thin air.

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he increased bank lending could match the real econom

The monetary authority has rolled out a series of policies in recent mont

hs to ensure adequate liquidity in the financial sector and accelerated loan issuance to co

mpanies. The measures include a new lending facility, called the targeted medium-term lending facility, which was in

troduced in December to encourage commercial banks to increase lending to small and private firms.

The central bank further cut the required reserve ratio for financial institutions by 1 percentage point in January and inj

ected another 800 billion yuan of capital into the market. That followed four reserve ratio cuts last year.

Supported by the liquidity, the average interest rate in financial mark

ets had already declined by January, which actually provided much cheaper funding t

o commercial banks and borrowers in the corporate sector, Sun said.

Accompanied by the credit boost, growth of the broad money sup

ply, or M2, accelerated in January to 8.4 percent from 8.1 percent at the end of December, t

he central bank said. Government bond issuance, meanwhile, has also picked up since the start of this year.

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Both sides had specific discussions about a memorandum

of understanding on bilateral economic and trade issues, Xinhua reported. The two sides said they will step up their work

within the time limit for consultations set by both heads of state, and strive for consensus.

Vice-Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin headed the talks.

After tit-for-tat exchanges of hefty import tariffs, China and the US agreed in December to halt new ta

riffs for 90 days to allow for talks. Since then, the world’s two largest economies have conducted i

ntense negotiations on a wide array of topics, such as trade and structural issues.

Wei Jianguo, vice-president of the China Center for International Economic Ex

changes, said China and the US have maintained close contacts in recent m

onths, which reflects their positive desire to solve genuine problems and foster cooperation.

Wei, a former vice-minister of commerce, underlined the importance of conducting rule-based negotiations and seeking win-win solutions.

Diao Daming, associate professor at Renmin University of China’s School of International Studies, said the world’s two la

rgest economies can deliver positive results in future trade talks to allay global concerns.

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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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Qomolangma reserve bans ordinary tourists in core zone

Mount Qomolangma National Nature Reserve in China’s Tibet Autonomous Region has ban

ned ordinary tourists from entering its core zone to better conserve the environment of the world’s highest mountain.

But for travelers who have a climbing permit, the mountai

neering activities will not be affected, according to the reserve which was set up in 1988.

Covering an area of around 33,800 square km including a 10,312-square km co

re zone, the reserve is home to one of the world’s most vulnerable ecosystems.

Recently, a report went viral online claiming the Qo

molangma base camp was “permanently closed due to heavy pollution.” But local authorities denied the claim.

Kelsang, deputy director with the reserve’s admin

istration, said ordinary tourists are banned from areas above Rongpo Mo

nastery, around 5,000 meters above sea level. A new tent camp will be set up nearly two km away from the original one.

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