Page

Sci-fi blockbuster showcases Chinese vision of cooperation

China’s sci-fi blockbuster The Wandering Earth broke Chinese film’s five-year box office record on th

e North American market. Based on the novel by Liu Cixin, the movie is said to usher in China’s sci-fi blockbuster era.

Does this film resonate simply because it is a good sci-fi film made by Chinese? Of course not. It is mainly because the story reflects the co

mmon concern of people of different color, belief and nationality in the world. That is: the fate of the Earth. We

share a common destiny because we are living in the same global village. The movie has struck a responsive chord in the hearts of its audiences.

American sci-fi filmmakers have a prolonged enthusiasm about the fate of the Earth from the early stage to recent years.

From The Day of the Earth Stood Still in the 1950s to Armageddon (1998) and MegaFault (2009), a long list can be m

ade. Of course, the heroes who saved the planet were all Americans without exception. But this time it is Chinese.

The Wandering Earth shows that Chinese people are sentimentally attached to their mother pl

anet and foreigners feel the same. Indeed, Chinese people offered their own solution in the film. But in fact, the

success of The Wandering Earth is not who saved the planet, but people resolving a severe problem faced by mankind.

shlfapp.com

Modi’s visit to disputed region imperils thaw in ties

Recently, China and India were engaged in a jagged excha

nge of words over Modi’s visit to South Tibet, a mountainous region under substantial dispute b

etween the two Asian giants. Although China’s stance on the boundary issue is cons

istent and crystal-clear that it has never recognized the so-called “A

runachal Pradesh” and is firmly opposed to any Indian leaders’ presence there, it was Modi who has repeatedly touched the raw nerve.

Such exchange – though it has happened in the past during China’s Spring Festivals in February 2015 and February 2018 – is p

articularly noteworthy: Modi’s latest visit followed the in

formal leadership summit in Wuhan in April 2018 which was widely seen as the key effort

from both sides to improve diplomatic ties and rebuild trust since the 73-day-long armed standoff in Doklam.

Such actions by Modi would inevitably affect the progress

ade by both sides, further complicating the boundary issue and exacerbating mutual suspicion.

Modi’s recent presence in South Tibet was largely driven b

y electoral considerations, aimed at mobilizing support for Bharatiya Janata Party (BJP) ahe

ad of the general elections, which are due in India in April and May 2019 to constitute the 17th Lok Sabha.

shlfsm.com

As election looms, Thais yearn for stabilityl Times Publish

Thailand’s Election Commission rejected Princess Ubolratana Rajakanya’s candidacy for next month’s general elec

tion on Monday. This is in keeping with the Thai tradition that says the monarchy must remain above politics.

This incident has added another twist to the election the run-up to which has been complicated.

In 2014, Thailand’s military seized control of the country after negotiations with rival political factions failed. Sub

sequently, then head of the army General Prayuth Chan-o-Cha took over as the Prime Minister. It is expected that the up

coming general election on March 24 would end the more than four-year-old rule of Prayuth’s junta.

However, originally scheduled for February, the election was postponed by one month due to King Maha Vajiralongkorn’s coronation, which led to unrest.

The military government has not done much for economic development, regardless of its con

tribution to social stability. Thus, the public hopes the election be held as soon as possible so th

at the junta can hand state power back to the people and the nation’s economy can be developed.

Hence, any news of election delay unsettles Thai people. Fortunately, one month is not too long a wait.

xzzygk.com

Promising progress needs pushing forward to a deal Chin

In welcome news, it seems that the latest talks between China and the United States, which concluded on Friday, have further na

rrowed their differences and expanded their common ground on key trade and economic issues.

The two sides entered the two days of high-level talks on Thursday amid a flurry of positive sig

nals that progress was being made. And it seems that their candid discussions have continued to be rewarded.

There has clearly been movement on a number of topics that have been the focus of their recent tra

de rows. Speaking to President Xi Jinping after the talks wrapped up, US Trade Representative Ro

bert Lighthizer said the negotiators “feel we have made headway on very, very important and difficult issues”.

It is probably still too early to conclude that this heralds an end to the long-running trade d

ispute between the two countries, and it would be rash to be overly sanguine about the prospects for re

lations given Washington’s anxieties about China’s rise, which may simply be chann

eled in other ways. But the agreement between Xi and his US counterpart Donald Trump in December to press the pause button on frictions,

and the subsequent intense series of discussions to find ways to stop them escalating, show both sides are aware of ho

w damaging and potentially dangerous it would be to keep locking horns over their trade relations.

ax125.cn

Hopefully, the discussions over the past three month

hs have helped both sides to better understand each other’s concerns and fostered greater mutual trust.

That the feel-good atmosphere that has prevailed since the January discussions in Washington has been mai

ntained by this round of talks was evident as the negotiations are to continue in the US capital next week. This welcome dev

elopment was confirmed by Xi, who said he hoped the discussions would carry forward the positive momentum as i

t conformed to the interests of both countries to strengthen their cooperation.

Although it is probably too hasty to interpret from this that a deal is imminent given s

ome of the US demands, it is to be hoped that the just-concluded negotiations have laid the groundwork for

next week’s discussions to establish a framework for a resolution to the trade dispute, so that a meeting between Xi and T

rump, which is regarded as necessary to finalize any deal, can be scheduled for this purpose as soon as possible.

New progress on the outstanding difficult issues is imperative as the trade frictions have not been good for either country, despite claims to the contrary.

www.ex079.cn

Market expectations for interest rate cuts have been rising in

 China after Spring Festival. Before embarking on their next move in interest rate reform, however, policymakers need to assess dom

estic macroeconomic conditions in order to reduce financing costs. It is more urgent to let the financial market determine the lending rate, Sun said.

“We hope (policy fine-tuning) will not surprise the market when it is introduced,” Sun said.

Communication with other countries is also needed before launching new policies or introdu

cing creative monetary policy tools, and “the PBOC has good communication mechanisms with other c

entral banks including the US Federal Reserve and the European Central Bank”, Sun said.

Last year, the PBOC removed some constraints on credit, including liquidity in

jection through cutting the reserve requirement ratio four times and capital rep

lenishment by allowing commercial banks to issue perpetual bonds, which have no maturity rate, he said.

Chinese commercial banks, however, are still using the one-year lending rate of 4.35 percent — th

e rate commercial banks charge businesses — set by the central bank in 2015. It is higher than in

terbank market rates or the interest rates banks have been paying to the central bank of 3.05 to 3.30 percent.

www.12xe6.cn

Norwegian-born youth predicted to play for China

orwegian-born John Hou Sæter, a midfielder with Beijing Guo’an, received his temporary Chinese ID card Tuesday, becoming the first naturalized Chinese footballer.

Known as Hou Yongyong in China, the 21-year-old is expected to make his Guo’an debut in the Chinese Football Assoc

iation (CFA) Super Cup match between Shanghai SIPG and Beijing Guo’an next weekend, according to The Paper.

Guo’an has also registered him up for the upcoming AFC Champions League.

It has also been predicted that he may receive a national team call-up in the future.

Hou Sæter made his debut for Norwegian side Rosenborg in a domestic cup game against Orkla F

K in 2014. The appearance made him, at 16 years and 101 days, Rosenborg’s youngest ever senior player.

In September 2014 he made his debut in the Norwegian top f

light against Aalesund, coming on as an 81st-minute substitute in a 3-0 win. This made him his sid

e’s youngest ever league debutant, at 16 years and 258 days, beating the previous record by nine days.

Speaking on the speculation that Hou Sæter may one day play for the Chinese national side, h

is mother, Hou Yurong, said that it would be “both my wish and his own choice. I’m always his biggest fan.”

www.15xe9.cn

Area encompasses Hong Kong and Macao, as well

Stock markets in China edged up on Tuesday as market sentiment was partly boosted by the news about the upcoming Bay Area blueprint.

The benchmark Shanghai Composite Index rose 0.68 percent to close at 2,671.89

points, while the Shenzhen Component Index closed 1.15 percent higher at 8,010.07 points.

Gains were seen across Greater Bay Area-related sectors.

Kaisa Group, which owns lots of land in the bay area, surged 3.5 percent, while Shen

zhen International Holdings and Shenzhen Invest both notched healthy increases.

5G-related stocks were also up as China Tower closed 2.4 percent higher while Yangtze Optical Fibre and Cable climbed 3.5 percent.

www.ixhhw.cn

Such a hegemonic mentality actually poses a threat to the

 world’s peaceful exploration of space and the peaceful exploitation of it for the benefit of all people on Earth.

It is with this mentality that the report catalogs and details supposed threats Russia and China may pose to the US in space.

For the US, there is no justice and fairness when it comes to its relations with other co

untries, especially when it assumes that its dominance in a particular area is being challenged.

Those who have written the report have listed threats that are anything but real. The

US assumptions about the threats only serve to justify what it wants to do. I

n other words, the US is only making a case for maintaining its dominance in space technology.

The “Space Force” the US administration has proposed, which will see huge amounts of reso

urces devoted to pushing the US military capabilities in space, is what it really intends to achieve by p

ositing that other countries with space technology pose a threat to its national security.

hmijw.cn

China-US space cooperation would likely to prompt more

countries to join hands to develop space instead of choosing between China and the US, especially because after the end of the Cold War, international space cooperation has increased.

In fact, the International Space Station launched in 1998 has been operating thanks to the cooperat

ion between the US, Russia, Japan, some European countries, Canada and Brazil. The four maj

or satellite positioning systems — GPS (US), Beidou (China), GLONASS (Russia) and Galileo (Europe) — may also comple

ment each other to provide the most accurate positioning services. And once China and the US engage in a major sp

ace project, many other countries will join in and thus take space exploration to a new stage.

Sino-US space cooperation will stimulate the development of relevant industries and bring tangible benefits to the people. Space explora

tion will set in motion a series of space industries such as manufacturing, agriculture, resources, e

ergy and tourism. These may become new sources of growth for the world economy, promote industrial techn

ologies, and help address some global challenges such as climate change and energy depletion.

And the new products and services so generated will improve people’s lives and contribute to social progress.

www.113xe.cn