Australia and New Zealand have already blocked mobil

  using equipment from Huawei, the world’s biggest maker of telecommunications equipment, over security concerns.

  The United States has made it clear that any country that uses Huawei will find its opportunities to work with Was

hington limited. In a speech in Munich on Saturday, Vice President Mike Pence described the company as a “threat.”

  ”Chinese law requires them to provide Beijing’s vast security apparatus with access to any data that touches their networks or equipment,” Pence said.

  The RUSI report reached a similar conclusion, saying that although Huawei may be a pri

vate company, China’s national security laws required cooperation with authorities when requested.

  ”Huawei’s Chinese staff have no choice but to accede to requests from Chinese government departments,” the report said.

  The Chinese government has denied it would demand access to Huawei’s technology for spying, and the company has said it would refuse such a request.

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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.

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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.

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wasting US’ wealth. In the near future, Washington may no

 assistance to the World Bank and quit the organization. The World Bank is a multilateral institution which was establ

ished under US leadership, and guided by the US Treasury Department. Its heads have traditionally been

appointed by the US government. The World Bank reflected US global strength and was a key instrument for

Washington’s global governance, and increasing its influence as a soft power. However, currently Washington seems to de

molish the structure it built itself by exiting international organizations that signal globalism.

Based on the experiences of the late 20th century, there are several drawbacks of globalism and globalization.

First, globalization enables strong nations to consolidate their d

ominance and lead the international order. It is an instrument that induces weaker states to ob

ey the will of the stronger ones. Globalism is keen on promoting universal values, taking the moral high gr

ound, blaming countries whose actions do not accord with universal values and even intervening militarily in some natio

ns. What does international intervention bring to global politics? It can be explained by hot button issues in Eurasia.

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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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Terrorist issue could be better addressed by Indiarror strike by P

A terror strike by Pakistan-based terrorist group Jaish-e-Mohammed killed at least 40 India paramilitary police and injured many others in the India

n-administered state of Jammu and Kashmir on Thursday, Indian media reported. Blind anger toward China was ignited after it.

Some Indian analysts sought to link the deadly attack to “China’s continued protection” of the perpe

trators. By refusing to back India’s appeal to list Masood Azhar, leader of terrorist outfit Ja

ish-e-Mohammed, as a global terrorist by the UN, they argued, China is supporting terrorism against India.

Citing China’s refusal to support the bid to have Azhar blacklisted by the UN, India in recent years has aggressively bl

amed China for allying with Pakistan in shielding terrorists. It disregards the fact that as a victim of terrorism itself, China has

pledged to support the international community’s anti-terrorism efforts and stands ready to work with India and all other countries to fight terrorism.

As for the issue of listing Azhar, Beijing has reiterated its stand several times that New Delhi should pr

ovide solid facts and proofs for banning Azhar. China has reason to cautiously handle the issue. Observers worry that blacklisting Azhar co

uld be used by India to increase its military pressure on Pakistan, thus risking exacerbating tensions between the two countries.

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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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ercent from 8.1 percent at the end of December, the central

It’s hard to say that China entered a new cycle of credit expansion,” said Zhang Ming, chief eco

nomist at Ping An Securities. “For the whole year, the overall financing growth and money supply is expected to stabilize.”

Fast credit expansion means higher pressure on companies to repay debt and interest, and the space for sustainable credit growth i

s limited, given the current leverage level. Total outstanding debt has exceeded 250 percent of GDP, Zhang said.

The good news is that credit has been channeled effectively into the production sector, such as manuf

acturing and high-tech, and the healthier credit structure can support the overall economic r

estructuring reform, said Ruan Jianhong, head of the central bank’s statistics and analysis department.

hina and the United States will continue economic and trade consultations in Washington ne

xt week, after reaching consensus in principle on major issues during their high-level Beijing talks, State media reported.

According to Xinhua News Agency, the two sides had in-depth communication on topics of mutual concern including tec

hnological transfers, intellectual property rights protection, nontariff barriers, the service industry, agr

iculture, the trade balance and an implementation mechanism, as well as on particular issues of concern to China.

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We bring the best wishes of President Trump. He’s aske

ed 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 wor

king relationship and would like to keep in contact with him.
Cooperation based on fully respecting mutual interests is the best way for the two c

ountries to renew their trade and economic relations with a deal that is in line with the interests of both countries. If that has been the shared und

erstanding during this week’s talks, and it is carried forward in the negotiations in Washington next week, hopef

ully the two sides will be able to narrow the differences between them sufficiently so that the two leaders can pe

ncil in a date for a meeting at which they can shake hands on a deal that sets the right course for future relations.

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In addition, the global total amount of new data generat

China is expected to generate 48.6 zettabytes (48.6 trillion gigabytes) of data in 2025, while the number for the US is forecast to be

30.6ZB, according to a study by the International Data Corporation (IDC) and data storage firm Seagate, a CNBC report said.

In addition, the global total amount of new data generated is set to grow from 33ZB in 2018 to 175ZB by

2025, with data collected from entertainment platforms, video surveillance footage, internet-co

nnected devices, productivity tools and metadata contributing to most of the growth, according to the report.

In the race for data, which, as IDC analysts put in their report, is

“at the heart of this digital world” and “a company’s most valuable intangible a

sset, which can create a competitive edge in digital transformation”, there is already a victory sign coming from China.

The country generated about 7.6ZB data last year, around 0.7ZB more than the US, the report said.

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