Although the idea of Huawei engaging in espionage is te

ically possible, it does not make any sense from a commercial or political point of view.

Such a practice would be tantamount to suicide for a high-tech giant. If the Chinese governme

nt forced Huawei to do this, it would be stifling the country’s emerging industries. But intelligence can

not be mentioned in the same breath as Huawei’s contribution to China’s industrial prosperity and national interests.

Hyping the alleged Huawei threat has violated the basic spirit of seeking truth from facts. The West is prioritizing ide

ology and considering excluding China as political correctness. Many people in Europe are aware of the lies, but

still beating the drum for a certain value orientation rather than conducting an objective analysis.

The world is changing, and if Europe keeps prioritizing ideology and political correctness in dealing with every new situation, that would be dangerous.

What Europe needs is not only the ability to distinguish between right and wrong, but also the co

urage to make its own independent choices. Europe’s cooperation with Huawei on construction of a 4G

network is already an established fact, but it seems now that beneficial collaboration has become one of the biggest risks.

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ntal programs and inaugurated several large-scale infrast

projects, including highway, railway, airport and power stations. However, in the face of local protests, the effectiveness of Modi’s economic package, delivered just a few months before the

election, seemed very suspicious. Interestingly, because of the tremendous opposition against the Bill and the frustrating situation on the g

round, BJP’s top local politician who was defending the bill changed his tune almost as soon as Modi left.

Clearly, Modi’s twin election trick, which comprised both nationalistic and developmental ele

ments, was clearly at work during his visit to disputed South Tibet. However, sacrificing the pa

instakingly earned mutual trust and progress in Sino-Indian relations for the sake of ephemeral political benefits seems unwise.

Even though India and China have so far held 21 rounds of talks to resolve the border dispute, and Modi and President Xi have met at least four times in 2018 to bring b

ilateral ties back on a stable footing, the border issue remains the single-most sensitive topic between the two countries. While

the dispute between China and India remains too large to be resolved altogether, both sides would better carefully manage it.

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Second, out of expectations of politicians from powerful

countries, who claim their nations represent public interest, globalism is becoming a tool in the fight between capitalist forces an

d national will. As a result, state power is eroded by capital, leading to alienation and political strains in some countries.

It is believed that some countries cannot bear the negative effects of globalization. The main reason for t

his is that capital is equipped with increasingly powerful characteristics that weaken nations’ capa

bility to control their capital and eliminates sovereign states’ ability to embody the will of the people.

The hit on state power by capital not only leads to financial chaos, triggering financial and economic crise

s, but can also generate social and political woes. Western countries’ easing financial regulations resulted in the 2008 financial c

risis. In recent years, developed countries are experiencing increasing economic and political challenges, which a

ctually are extensions of the 2008 financial crisis. Some of them are yet to be addressed.

Economic liberalization faces challenges in the developed and developing world.

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ow to sustain positive economic development inlimited to

The 2019 Annual Meeting of the Chinese Economists 50 Forum was held in Beijing on Saturday, with the theme “How to achieve the six stabilities and keep positive economic development in the lo

ng run.” Below are excerpts from speeches given by several renowned scholars and officials at the event.

Fang Xinghai, vice chairman of the China Securities Regulatory Commission

The current IPO system has led to highly consistent investor expectation in the secondary market as they mindlessly buy into

roaring stocks, aggravating price distortions and resulting in low long-term returns on newly listed shares.

Reform to secondary market prices will create a good groundwork for IPO price reform in the future.

Liu Shijin, vice president of the China Development Research Foundation

If we compare [China’s] high-speed growth of the past three decades to eating fatty meat, after we e

ntered a phase of medium-speed growth, transitioning to high-quality development, which will be t

he hard part, is like nibbling on hard bones. There are five sources of growth momentum during the high-quality d

evelopment stage. First, the improvement in low-efficiency growth sources. Second, the income growth of low-in

come groups and the upgrade in human capital. Third, the upgrade to the consumption and industrial structures. Fourth, cuttin

g-edge innovation. Fifth, green development, which is not limited to pollution control and environmental protection.

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Japan’s ambition is to become a global political power. But

litical and diplomatic means alone cannot support Japan’s global ambitions. A military presence at the global level is needed if Japan is to expand its political clout.

Compared with old European powers like the UK and France, Japan’s military influence in Europe is jerkwater. But it is different after Japan signed military pa

cts with these countries – Japan’s political influence is increasing because of the support of military powers.

With the influence of the UK and France declining in the Asia-Pacific region, their military activities can get

the support from Japan via the ACSA, which will immensely boost Japan’s military clout. These European countries will not look at Ja

pan through the military lens, which will effectively strengthen Japan’s political might.

Meanwhile, exchange of military provisions will help enhance people-to-people exchanges between Japan and these countries, ex

erting Japan‘s cultural influence in these countries and beyond. Even if Japan fails to become a permanent member of the UN Security Co

uncil, it can still play a major role in the world. This has been part of the global strategies of the Abe administration.

We can see that Japan signing ACSAs with six countries is not just for defense and military purposes, it’s part of an overall plan to influence economics, po

litics, military and culture, which is a long-term strategic mind-set of the Japanese government.

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The 67-year-old princess, the eldest daughter of the late King

Bhumibol Adulyadej and sister of the present King, married an American and relinquished her title in 1972. After returning to Th

ailand in 2001 following her divorce, she resumed royal duties and enjoyed prestige among the Thai people, although her royal title has not yet been restored.

Around 20 military coups have taken place in Thailand since the country became a constitutional mo

narchy in 1932. The Constitution was also amended in 2017 during the military government’s rule.

In this context, the Thai Raksa Chart party (Thai Save The Nation, or TSN) tried to break the v

icious circle in Thailand’s politics by nominating Ubolratana as the prime ministerial candid

ate. The probability of her winning the election would have been high if she were allowed to contest. Her victory would have brought back political sta

bility to some extent. TSN is linked to former Thai leader Thaksin Shinawatra, who enjoys popular appeal in the country. Thaksin carried out several pol

icies that benefited the grass roots and won him their support. Even though he was ousted in 2006, his influence remains strong.

In the upcoming election, I believe pro-Thaksin parties can still have high public app

roval ratings. But considering the latest military-drafted constitution which gives considerable

rights to bureaucrats and military, it is still not known whether a pro-Thaksin politician can be elected prime minister.

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The US team expressed the willingness to make joint effor

rts with the Chinese team to strive for the conclusion of a deal that meets the interests of both sides.

“We bring the best wishes of President Trump. He’s asked us to state that

he also places great importance on his personal relationship with you,” Lighthizer said.

“We have had two very good days of negotiations. We feel that we have made headway on some very, very important and

very difficult issues,” he said. “We have additional work we have to do but we are hopeful.”

Xi asked Lighthizer and Mnuchin to extend his sincere greetings to President Trump, saying

that he cherishes their good working relationship and would like to keep in contact with him.

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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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HK police Sina Weibo account brings nostalging Kong Spe

The police department of the Hong Kong Special Administrative Region (HKSAR) set up the Sina

Weibo account Hong Kong Police on Jan 29, which was welcomed by a large number of netizens.

The official account so far boasts more than 140,000 fans, with some posts receiving more than 10,000 comments.

The account Hong Kong Police focuses mainly on practical information like crime prevention and event ar

rangements, such as the Lunar New Year fireworks display and traffic control measures during the celebration parade.

The latest data from the Hong Kong Tourism Board shows that among the 58 million visitors to H

ong Kong in the first 11 months of last year, Chinese mainland visitors accounted for almost 80 percent.

Hong Kong Police Force hopes to increase engagement through t

heir Sina Weibo account with Chinese mainland tourists, new arrivals, and students stu

dying in Hong Kong, and effectively convey important messages in a timely and effective manner.

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Forward-looking measures have already been taken

 by the Chinese monetary authority, earlier than other major central banks, based on the evaluation on macroeconomic conditions and the exter

nal environment. Policy fine-tuning will send positive signals to the market and support financial resilience, Zhang said.

This year, the remarkable change in tone from the world’s major central banks is shifting into a monet

ary easing cycle, and policies from the Chinese central bank are headed in the same direction, Zhang added.

A recent research note from Goldman Sachs forecast China’s credit growth to rise in January as commercial banks may be “si

gnificantly more aggressive than before” with encouragement from the easing policy. With the PBOC scheduled to

release more data this week, the trend may be reflected in faster growth of new yuan loans and the broad money supply.

Amid a good fall of snow, which Chinese traditionally believe promises a year of harvest and

prosperity, Chinese and United States top officials started two days of talks in Beijing on Thursday.

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