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.

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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.

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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.

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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.

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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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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.

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Demographic data on births, deaths and population mov

ements may appear boring, but they matter a lot. They are important to understanding how humans function as individuals and as members of society.

China’s development is now more focused on the quality of economic growth, including

spreading its benefits to all citizens irrespective of their life circumstances. This emphasis aligns well wi

th the 2030 Sustainable Development Agenda of leaving no one behind, and putting the furthest behind first.

However, without greater attention to the collection, disaggregation and utilization of data

on key aspects of population trends, this quest will be more difficult to accomplish.

Developing sound social and economic policies and making smart infrastr

ucture investments require a full understanding of the key features of the population at ev

ery level-its size, gender and spatial distribution, and age structure-now and in the future.

The author is the resident representative for China of the United Nations Population Fund.

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Blueprint for Bay Area to be revealedanticipate greate

The blueprint for the massive economic development that will turn the Guangdong-Ho

ng Kong-Macao Greater Bay Area into a global economic powerhouse will be made public within days.

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor did not disclose the exact date for the rele

ase when speaking to reporters before Hong Kong’s weekly Executive Council meeting on Tuesday. S

he did, however, announce that a conference on Feb 21 will begin poring over details of the project.

Lam said the blueprint would lay out broad guidelines after which local go

vernments in Guangdong province, Hong Kong and Macao will work together wi

th the support of central government departments to pull the project together with concrete planning.

Cross-sector heavyweights in Hong Kong welcomed the upcoming development blu

eprint, saying it could lead the city’s different sectors into a stronger growth phase.

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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.

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Former PBOC governor wins 2019 lifetime achievement award

Zhou Xiaochuan, former governor of the People’s Bank of China (PBOC), has won the UK’s 2019 Central Banking lifetime achievement award, according to the publication’s website.

Zhou, the sixth winner of the award, stands out for his high levels of integrity, intellectual ri

gor and bold reforms that have served the public interest in China and elsewhere, said a statement of the website.

The Central Banking Awards were established to recognize outstanding perform

ance in individuals and organizations in the central banking community.

Zhou, who stepped down as PBOC governor in March 2018, had served in his position from

December 2012-2018, which makes him China’s longest serving central bank governor since 1949.

The award recognizes the impact Zhou had on the central bank and the Chinese economy.

“While in office, Zhou demonstrated high levels of integrity in his pursuit of public s

ervice. He brought academic rigor to real-world decision-making, acting as a prag

matic policymaker with a strong sense of what was in the public interest,” the statement said.

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