ave had a negative impact on the Chinese economy, but it has shown resilience in coping with the shocks, and the repercussions have not been as severe as pred
icted. In January, for instance, Chinese exports rose 9.1 percent from a year earlier, compared with a 3.5 percent declin
e in December, according to customs data released on Thursday. And although its export growth to the US continued t
relations with a deal that is in line with the interests of both countries. If that has been the shared und
erstanding during this week’s talks, and it is carried forward in the negotiations in Wa
shington next week, hopefully the two sides will be able to narrow the differences between them sufficiently so that the t
o drop, no doubt due to the raised tariffs on Chinese goods, China’s shipments to other major
markets, such as the European Union, Japan and Southeast Asia, all rose strongly.
Meanwhile, leyishengpxcn/ions otherwise, the US economy has not rem
ained unscathed, as shown by the need to offer emergency assistance to its farmers and t
he voices of complaint from US companies urging the administration to change tack.
Cooperation based on fully respecting mutual interests is the best way for t
he two countries to renew their trade and economicwo leaders can pencil in a date f
or a meeting at which they can shake hands on a deal that sets the right course for future relations.
ai Xiaomin, former China Huarong Asset Management board chairman, has been charged with bribery, corruption and bigamy, the Supreme People’s Procuratorate said on Friday.
China Huarong is one of the country’s four largest State-own asset management companies.
It is alleged that Lai exploited various professional positions, including head of the Huarong
corporation and director-general of the banking supervision department of the People’s Bank of China.
While in these positions, it is claimed that he asked for and received significant benefits in exc
hange for “aid”, according to a press release from the SPP, the country’s top prosecuting authority.
It also alleged that Lai was in illegal possession of a large number of public properties, a
nd that he was living as husband and wife with a woman other than his wife, the release said.
Lai, 56, was placed under investigation by the Central Commission for Discipline Inspection (CCDI) o
f the Communist Party of China in April last year for “serious violations of disciplinary rules
and laws”, and was expelled from the Party and removed from public office six months later.
The CCDI said he violated political disciplines and State financial policies to blindly expand the c
ompany and operate it in a disorderly manner, resulting in it deviating from its primary tasks and business.
Lai, a Jiangxi province native, started his career at the People’s Bank of China in July 1983, and went on
to hold key positions at the China Banking Regulatory Commission and Beijing Banking Regulatory Bureau.