Ladd

The Modi administration has undertaken significant steps

India’s tax system, upgrade its bankruptcy laws and relax restrictions on foreign investment. The country witnessed a 23-place jump to a record 77th p

osition in the World Bank’s latest report on the ease of doing business, which covered 190 countries and regions. Fa

cts have proved that India’s economic reforms are conducive to improving the business climate for foreign investment.

Modi has launched a range of reform initiatives, and now the Modi administration must t

ell local authorities to fully implement these policies to ensure that the country’s economic re

form will go forward ahead of the general election. Effective implementation of current policies is mo

re important than launching new initiatives, and this effort will lay the groundwork for a better business climate.

India’s labor cost advantage has led some Chinese manufacturers to look closely at setting up assembly lines

in the country. Achieving a better understanding of India’s changing business climate will he

lp achieve win-win results and joint development of the two emerging economies.

China and India must enhance strategic communication and mutual trust to move their ec

onomic ties forward. Currently, the most urgent task is to prevent the suic

ide attack in the Pulwama district from affecting economic relations and India’s inbound investment.

www.sh419jj.com

The actual reason for flaws in practice is that globalism needs

 unified global political will, which is difficult to find amid large sovereign nations. Hence, there is a huge gap between ideal globalism and its practice. Sovereign states should try to spare room for g

lobalism. Globalization is required by people and cannot be reversed at will. On the other hand, globalization has to take i

nto account the political reality of mass sovereign countries. The goals and agenda need to be limited within the flexible boundary of sovereign nations. Ot

herwise, it would disrupt some countries’ political and economic setup, breeding social antagonism.

In the era of exacerbating confusion, globalization may be not as appealing as before, but it is u

ndesirable to discard globalism, which has boosted the development of global economy and fought

common problems. In a highly connected and almost irreversible world, simply retreating to nationalism will generate nothing but disaster. We can

hold a selective attitude toward globalization. The part of judging from the perspective of strong nations’ i

nterests and submitting to capital is not advisable. The globalization we desire is to serve the interest of all people and

match the political system of sovereign countries. On the whole, what we need is a revised globalization.

ashkk.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

urope needs economic cooperation, not blind suspicion

Austria’s technology ministry has called on Europe to form a joint position on whether or not to allow Chinese firm Huawei to equip 5G for next-generation mobile networks. This consideration co

mes amid the US-hyped security concerns over Huawei and Washington’s relentless efforts to thwart the 5G efforts of this leading tech company.
5G

will be one of the most critical components of the digital economy and society, not only in China but also Europe. Europe has taken significant ste

ps to lead global developments toward this strategic technology. To reposition itself as a leader in world affairs including the field of technology, Europe h

as no reason to reject cooperation with Huawei which has developed the most advanced 5G technology, disregarding u

nwarranted US claims.
Europe is caught in the middle. While the continent treads carefully between China an

d the US, what is at stake is its own interests. As China tries to offer a cooperative approach, Europe, a longtime US ally, is hesi

ant to accept. The Belt and RoadInitiative proposed by China presents tremendous opportunities in terms of trade and g

rowth, while skepticism lingers in Europe about the geopolitical ambition the initiative may harbor.
Ob

servers believe that the funds allocated by the EU will fall way short of what is really needed. The EU will allocate funding for this project in its ne

xt multiannual budget, which will stretch from 2021 to 2027, but can Europe afford to wait till then to walk out of its current plight?

hbLumei.com

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

Easing likely with slowing of economiespected to move

na may move more toward monetary easing, joining a group of other major economies prone to dovish policy typified by more accommodative measures that stimulate growth, analysts said.

This comes at a time when global central bank governors have become more concerned about an economic slowdown and put tightening measures on hold.

Central bankers in the United States, European Union, Japan and Oceania have had a change in

mood in the past month, given worries that a too tight monetary environment may not cushion the

ir economies from shocks from trade tensions, Brexit and financial vulnerabilities. They sounded the alarm ov

er global uncertainties after the International Monetary Fund downgraded its forecast of the world’s economic growth in January.

With bank governors delivering dovish speeches one after another, the Chinese mo

netary authority is considering an adjustment to financial institutions’ “act

ual” lending rate for companies in order to remove the “obstacle” that constrains credit flowing into the co

untry’s production sector, according to Sun Guofeng, head of the PBOC Monetary Policy Department

113xe.cn

The central bank will eliminate that interest rate margin

sooner or later, and guide commercial banks to lower lending rates closer to a market-determined level, Sun said.

“Theoretically, there is room for rate cuts of 1 percentage point,” said Zhang Tao, a

n analyst in the financial market department of China Construction Bank.

China has enacted both monetary and fiscal policies to offset downward pressure on eco

nomic growth this year. Some economists have predicted the growth rate may slip in the first quarter be

low the 6.4 percent of the past three months of 2018 because of factors such as trade tensions.

US Federal Reserve Chairman Jay Powell decided on Jan 30 to shelve a plan to keep raisi

ng interest rates because of possible risks to US growth. The European Central Bank stopped exp

anding quantitative easing and warned about the negative results of Brexit.

12xe6.cn

Talks can produce fresh progress toward a dea ina Daily editorial

It is encouraging that after the deputy-level meetings on Monday and Tuesday

to work out the technical details for an agr

eement — including a mechanism for enforcing any deal — the face-to-face discussions being conducted between d

ecision-makers from both countries are being held amid a general air of optimism.

The negotiations are being led by Chinese Vice-Premier Liu He and US Trade Representative Robert Lighthizer and US Treasury Secr

etary Steven Mnuchin, whose cordial discussions in Washington on Jan 30 and 31 raised hopes that the two s

ides are genuinely doing their utmost to reach an agreement ahead of the March 1 deadline when US tariffs on $

200 billion worth of imports from China are set to rise to 25 percent from 10 percent.

But there are still obstacles to be overcome, and no one should underestimate how daunting a task the two s

ides face trying to resolve all the differences that have long existed between them in one clean sweep.

ax148.cn

Which is why US President Donald Trump’s latest remarks

that the negotiations have been progressing “very well” and he might reportedly even let the March 1 deadline “slide for a little while” — have been taken as portents that progress is being made and a positive result may well be on the way.

Especially as White House Press Secretary Sarah Sanders has raised the possibility of Trump meeting with Pres

ident Xi Jinping at the US president’s personal retreat at Mar-a-Lago in Florida, sometime in March — The White Ho

use has previously said the two leaders would have to meet to strike the final bargain.

The market never lies, as the saying goes. Let’s hope that’s true, because the stock market has already

cast a vote of confidence in China and the US being able to reach a deal. The bench mark S

hanghai Composite Index has rebounded more than 10 percent, and the Dow Jones industrial average, more than 15

percent, from their lows in December when Sino-US trade tensions were running high.

It is apt that melting snow symbolizes a new beginning, as positive progress in the talks would m

ean a convergence of expectations for bilateral relations and help ensure the Sino-US relationship has a s

olid foundation of mutual trust and good momentum for positive interaction at the start of its fifth decade.

www.ax142.cn

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.

www.ex177.cn