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Trade agreements can affect the types of goods being

traded and they can redirect trade toward one country, away

from others. They cannot directly affect any country’s worldwide current account balance. A count

ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.

There are two ways to reduce the US trade deficit. A serious recession would reduce investme

nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove

rnment system to encourage increased savings. China has almost nothing to do with it.

Ironically, the disputes between the US and China center around both nations’ legitimate desires to

protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.

US administration’s economic policy has rightly focused on the need to

retain jobs for working-class people in the US. And, China’s companies that export to the U

www.aishedesaf.com

China is an important stakeholder in Arctic affairs,” Wang

“The country has always adhered to international treaties, such as the Charter of the United Nations, the United Natio

ns Convention on the Law of the Sea, and the Spitsbergen Treaty, as well as other international laws and upheld the p

rinciple of respect, cooperation and common winning and sustainability when actively participating in Arctic affa

irs and contributing Chinese wisdom and power in the sustainable development of the Arctic region,” he said.

The annual Arctic Circle Forum, established in 2013 and initi

ated by Iceland’s then-president Olafur Ragnar Grimsson, is a platform to help the inter

national community care for, understand and protect the Arctic and discuss Arctic governance.

changjiucf.cn

This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

www.euitdm.cn

As an important power promoting human develop

ment and progress, international communicators should further play up their special role in advancing unders

tanding, deepening friendship and expanding cooperation in the fast-changing world. They should push world pro

gress in the right historical direction while promoting exchanges among civilizations and mutual learning.

First, we should act as promoters of exchanges among human civilizations. The mutual depende

nce, exchanges and learning of different civilizations give shape to the abundant and colorful world tod

ay. As the UNESCO Universal Declaration on Cultural Diversity points out, cultural diversity “is the common herit

age of humanity”. The diversity of human civilizations is a basic characteristic of the world, as well as a sour

ce of the progress of humanity. In turbulent international situations, to maintain world peace, devel

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The country will continue to deepen supply-side stru

ctural reform and consolidate outcomes in its efforts to cut overcapac

ity, reduce excess inventory, deleverage entities and lower costs, the statement said.

More efforts will also be made to strengthen the dynamics of micro-entities, im

prove industry chains and ensure unimpeded flow of goods and services in the national economy.

The meeting also pledged major new outcomes through enhanced reform and opening-up.

More work will be done to seize new opportunities, improve scientific

and technological innovation capacity and speed up green development, said the st

atement, which also stressed the need for the country to take part in the reform of the global economic governance system.

It is also important to resolutely guard against the practice of forma

lities for formalities’ sake and excessive bureaucracy, as well as prevent fraud to ens

ure implementation of requirements set in the Central Economic Work Conference.

ash01.com

In a spectacular display of indecision, the House of Comm

ons has voted against remaining in the EU and every version of leaving the EU,” tweeted James Cleverly, the Conservative Party’s deputy chairman.

Nevertheless, some proposals fared better than May’s deal had done two weeks ago, and parlia

ment was due to hold more indicative votes on Monday after refining the options most likely to secure a majority.

Many Conservative eurosceptics had made clear they would only c

onsider supporting May’s deal if she gave a firm commitment to resign, hoping a new leader

would be more sympathetic to their views when negotiating the terms of Britain’s future relationship with the EU.

“I have heard very clearly the mood of the parliamentary party,” May told a meeting of Conservative lawmakers (MPs).

“I know there is a desire for a new approach – and new lead

ership – in the second phase of the Brexit negotiations – and I won’t stand in the way of that.”

But within hours of May’s offer, the Democratic Unionist Party, which props up her minority gov

ernment, said it would vote against the deal if May brought it back a third time.

chuangxiangjie.cn

We support the BRI globally because it’s a big project wi

ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”

Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac

ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig

n states, both countries need to protect the interests of their own businesses and industries.

“It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said.

His comments came after Italy signed a BRI memorandum of understanding with China during

Xi’s visit to Rome last week to become the first G7 country to join the global infrastructure plan.

According to China’s Ministry of Commerce, from January to November 2018, China’s direct investment in France reached $330 mil

lion. China’s growing investment in Europe has prompted concerns in the West, which Raffarin thinks are misplaced.

www.qianpadag.com

Extra pilot averted disaster on previous Boeing 737 Max 8 flight

An off-duty pilot in the cockpit of a Boeing 737 Max 8 jet jumped in to help

crew disable a malfu

nctioning flight-control system as it experienced difficulties in October, according to Bloomberg.

The next day, with a different crew, the same plane crashed into the sea off Jakarta, killing all 189 people on board.

On doomed Lion Air Flight 610, pilots searched in a handbook f

or a way to stop the plane from nosediving, according to an exclusive Reuters report.

Reuters cites the information from three people with knowledge of the contents of the cockpit voice recorder that has never been made public.

Indonesia’s National Transportation Safety Committee (KNKT) has refused to comment to CNN on the content of the voice r

ecorder as the investigation is still ongoing. Boeing also refused to comment to CNN on the matter Wednesday.

Indonesian authorities found the cockpit voice recorder in the Java Sea on January 14 and said it could take up to a year to publish a full report into the crash.

www.xzzygk.com

About 100 million units of handsets are sold in Europe ever

year. We must build a presence there.”In the fourth quarter of 2018, Oppo outcompeted Samsung to

become the largest smartphone vendor in Thailand with a market share of 22.2 percent, gro

wing about 70 percent year-on-year, according to the market research company Canalys.

Its products and services are also well received in other South Asian and Sout

heast Asian countries, including India, and African countries such as Kenya.

In 2018, Oppo shipped 113 million units of smartphones wor

ldwide, garnering a global market share of more than 8 percent, according to IDC data.

Other Chinese smartphone makers, including Huawei, Xiaomi and Vivo, are also looking beyon

d their home turf for growth. In this context, Oppo believes it has an edge over others as it first started its i

nternational journey as early as in 2009 in Thailand, much before others jumped on the going-global bandwagon.

www.21nh.cn

working well,” presidential spokesman Kim Eui-kyeom said

In Pyongyang, Biegun and Kim Hyok Chol, DPRK’s special representative for US affairs, discussed “advancing Trump and Kim’s

Singapore summit commitments of complete denuclearization, transforming US-(DPRK)

relations, and building a lasting peace on the Korean Peninsula,” the US State Department said in a statement.

Trump and Kim met for their first summit in Singapore last June, during which Kim pledged to work toward the “co

mplete denuclearization” of the Korean Peninsula, without providing a clear timetable or roadmap.

US-led diplomacy aimed at getting the DPRK to abandon its nuclear program in return for outside concessions has since made little headway.

Calling the AU a banner that unites the African countries to pursue self-renewal, Xi praised th

e integration process of the continent and the great headway made since last year under the guidance of the organization.

African countries continue to speak with a united voice on important internatio

nal and regional issues, and the international influence of the continent keeps rising,

www.koryoung.com.cn