Thailand’s political changes mirror those of Southeast Asiawhich

 is a region in transition. Since the beginning of the 21st century, thi

s region has come across political struggle between new capitalistic groups and old b

ureaucratic factions, as well as political turmoil as a result of the huge gap between the rich and poor.

Indonesia is also going to hold a presidential election in April. These upcoming electi

ons have sent a clear signal that Southeast Asian countries long for political stability and development.

The Thai election can give confidence to other countries in the region. After all, with very few exc

eptions, the junta can return power to the people through elections.

As for China-Thailand relations, historically, no matter which

government came to power after several coups, the direction of bilateral ties has never chang

ed. The cooperation between China and Thailand has become the common  aspiration  of the  two peoples and is in their mutual interest.

hnxkmh.com

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.

www.pLaycruises.net

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

hina has seen 4.8 percent yearly growth in foreign dire

rect investment in January, and its high-tech service industry has seen the most dramatic increase in the use of foreign capital.

According to Ministry of Commerce data released Thursday, the country has attracted 84.18 bil

lion yuan ($12.41 billion) in FDI in the first month of 2019, up 4.8 percent year-on-year.

Foreign capital flowing to the country’s high-tech service sector in January has mo

re than doubled compared to the same period in 2018, reaching 15.77 billion yuan.

The total FDI used in the manufacturing industry has also climbed by 5 percent y

ear-on-year, totaling 26.7 billion yuan. The service sector has used 56.2 billion yu

an in FDI, up 5.1 percent, and the high-tech industry has seen a 40.9 percent yearly growth of FDI used.

FDI from the United States has seen a staggering 124.6 percent year-on-year growth.

ax142.cn

Jonathan Choi Koon-shum, chairman of the Chinese Gener

Chamber of Commerce in Hong Kong, said he believes the blueprint will demonstrate ho

w to achieve mutual development without vicious competition among the participating cities.

He also noted that Hong Kong enjoys an advantage in attracting international talent and providing world-class pro

fessional services. That’s what Hong Kong can contribute to the development of the Greater Bay Area, Choi remarked.

Choi’s chamber is one of the leading business chambers in H

ong Kong, with nearly 6,000 members from business and trade circles.

Zhang Mingjie, a professor at the Division of Life Science at the Hong Kong U

niversity of Science and Technology, expressed high expectations for the out

line, saying it would open the door to brighter prospects for Hong Kong’s scientific and technological development.

www.ecimy.cn

He anticipated that the plan would further connect the

echnology sectors of Hong Kong and the mainland, facilitating more career opportuniti

es for Hong Kong local talent as well as offering a larger market for knowledge transfer.

Tam Yiu-chung, a Hong Kong member of the Standing Committee of the National People’s Congress, the country’s top legislat

ure, estimated that the plan would lay out development priorities for the area, and the key tasks each city should carry out.

Hong Kong will thus have a clearer direction for future development, and better understand how it can fully contribute, Tam said.

The Greater Bay Area encompasses Hong Kong and Macao, as well as nine cities in Guangdon

g province: Guangzhou, Shenzhen, Zhuhai, Dongguan, Huizhou, Zhongshan, Foshan, Zhaoqing and Jiangmen.

In 2017, the 11 cities produced one-eighth of China’s gross domestic product while containin

g only 5 percent of the nation’s population and only 0.6 percent of China’s total landmass.

ecimy.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.

www.nqlbn.cn

sq m, Tiantongyuan includes five major communities with

subdistricts that were built in 2000. In the first three years of the century, the population quickly rose to more than 100,000.

The family of Beijing native Du Bo moved to Tiantongyuan in 2005 because at 5,600 yuan per sq m the area was still relatively cheap.

“Our old home in Haidian district was scheduled for urgent demolition, so we had to find another place to live,” the 26-year-old said.

Though the family would have preferred an apartment in the downtown, Du’s parents could not afford

to move to such an expensive area. The urgency of the situation meant the family of four, which included his grandfather, had no alt

ernative but to move to the 120-sq-m, three-bedroom apartment in Tiantongyuan.

“Dirty” and “chaotic” were Du’s first impressions of the neighborhood. Unlicensed traders bloc

ked the roads, meaning people could not park their cars, and feral cats and dogs often ap

peared on the streets. As a result, some people simply bought apartments to rent to tenants.

Du said he has heard that in a building near his tower block, one bedroom can accommodate eight people. “It’s like a dormitory at college,” he said.

ypidv.cn

S.Korean president to consult with Trump on 2nd DPRK

SEOUL, Feb. 10 (Xinhua) — South Korean President Moon Jae-in will consult with U.S. President Donald Trump in the near future on th

e second summit between the Democratic People’s Republic of Korea (DPRK) and the United States, South Korea’s presidential Blue House said Sunday.

Kim Eui-keum, Blue House spokesman, told a press briefing that the leaders of South Korea and the United States will make a d

iscussion on the second DPRK-U.S. summit in the near future, saying the exact schedule will be unveiled as soon as preparations are made.

Moon and Trump would reportedly have a phone conversation in the foreseeable future.

The Moon-Trump dialogue would come after top DPRK leader Kim Jong Un and Trump agreed to meet again later this mon

th in Hanoi, Vietnam. Kim and Trump held their first summit in Singapore in June last year.

Stephen Biegun, U.S. special representative for DPRK affairs, visited Pyongy

ang earlier this week to consult with his DPRK counterparts on the planned second Kim-Trump summit.

The Blue House spokesman said he heard that Pyongyang and Washington had a

greed to continue negotiations at a third country in Asia in the week beginning Feb. 17.

South Korean Foreign Minister Kang Kyung-wha and U.S. Secretary of State Mike Pompeo wi

ll have talks in the near future, while Chung Eui-yong, top Blue House national security advisor, will cl

osely exchange information with White House National Security Advisor John Bolton, the spokesman added.

www.trwater.com.cn

World leaders send greetingsscination with the zodiac sign

World leaders send greetings
By MO JINGXI | China Daily | Updated: 2019-02-09 04:28

A child’s fascination with the zodiac sign for the new lunar year is captured in a photograph in Hong Kong on Thursday. Perform

ers put on lion dances and set off fireworks in San Francisco on Tuesday to celebrate Chinese New Year. [Ph

oto/Xinhua]
Contributions of Chinese, hope for coming year noted

World leaders sent Lunar New Year’s greetings as Chinese people around the globe cel

ebrated their most important holiday season of the year — Spring Festival.

Russian Prime Minister Dmitry Medvedev extended his greetings to the Chin

ese people on Thursday, the third day of the Chinese New Year.

“We are glad that today we have the opportunity to meet and convey our warmest words and wishes to the Chinese peop

e,” Medvedev said to a gathering at the Chinese embassy in Moscow. “We are hopeful that in the new year, we will contin

ue our effective contact to develop our strategic partnership and interaction that has distinguished our countries in recent years.”

Medvedev said his visit to the embassy “also has a symbolic meaning”, given this year’s 70th

anniversary of the establishment of Russia-China diplomatic relations.

www.365zuchewang.cn