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

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.

hdflower.net.cn

chin, who are here for a new round of China-US high-level econ

hina would like to address the problems of economic and trade frictions with the United States in a co

operative way to promote the conclusion of a deal accepted by both sides, President Xi Jinping said on Friday.

Xi made the remark while meeting with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mn

uchin in Beijing. The meeting came after the conclusion of two days of high-level economic and trade consultations.

Xi added that certain principles are necessary for cooperation.

Chinese and US consultation teams made important progress for the current stage, a

nd the two negotiating teams will meet again in Washington next week for fur

ther discussions, Xi said. He added that the both nations should make more efforts for a win-win deal.

The two countries’ economic and trade teams have had frequent and helpful consultatio

ns since December, Xi said. He has emphasized many times that cooperation is the best choice for China and the US.

Cooperation will bring benefits to the two countries while conflicts will injure both sides, he added.

www.ax153.cn

Xi called China-US ties one of the world’s most importa

nt bilateral relationships, and the two countries have wide common interests and shoulder im

portant responsibilities in safeguarding world peace and promoting global prosperity.

Maintaining the healthy and stable development of the China-US relationship is in line with the fundamen

tal interests of the people of both countries, and it is also the common wish of the international community, Xi said.

Xi mentioned his latest meeting with US President Donald Trump on the sidelines of the G20 Lead

ers Summit in Argentina in December, saying that the two leaders reached important consensuses.

The two countries should promote building stable, cooperative and coordinative China-US relations, Xi said. The two sides s

hould enhance communication, focus on cooperation and handle disputes to promote economic and trade cooperation, Xi added.

The US team expressed the willingness to make joint efforts with the Chinese team to strive for the conclusion of a deal that meets the interests of both sides.

ax153.cn

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

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

hina refutes report of contact with Venezuelan opposition

BEIJING – China said on Wednesday that it hoped relevant media would report news abiding by principles of being objective and fair.

Chinese Foreign Ministry spokesperson Hua Chunying made the remarks when asked for comments on The Wall Street Jou

rnal reporting that Chinese diplomats had contact with Venezuelan opposition representatives in Washington.

“Recently, some media have been cooking up fake news. I don’t know what the purpose is,” said Hua at a press br

iefing. “We hope relevant media will report news abiding by principles of being objective and fair.”

As for the current Venezuela issue, China advocates seeking a political settlement through dialogue and consultation, Hua said.

The SpaceX Falcon 9 rocket, scheduled to launch a US Air Force navigation satellite, sits on Launch Complex 40 after the

launch was postponed after an abort procedure was triggered by the onboard flight computer, at Cape Canavera

nqlbn.cn

Mentality of US poses biggest threat to humanity from space

Forget asteroids, it is the United States and its pathological need to maintain its he

gemony at any cost that pose the biggest threat to humanity from space.

In its latest Defense Intelligence Agency report, the US claims that Russia and Chi

na have taken steps to challenge the US in space technology, blatantly ig

noring the fact that space does not belong to it, and every country has the right to peacefully explore it.

The report says that “long-standing technological and cost barriers to

space are falling, enabling more countries and commercial firms to participate in sa

tellite construction, space launch, space exploration and human spaceflight”.

But from the way it talks about what China and Russia or other countries have a

chieved in their development of space technology, it seems as if the US believes th

at when it planted a flag on the moon it staked the claim to have the sole use of space.

www.hmijw.cn