One of the goals of Pompeo’s visit is to rebuild the political

relationship between the US and Central and Eastern Europe. The US will also launch a Future Leaders Ex

change Program, providing one-year academic scholarships for Hungarian high school students to study in the US.

There are many aspects to US strategic return to Central and Eastern Europe. First, the US can

enhance energy cooperation with the region. The regional countries would prefer not to become overly dependent on Russia.

The US has already voiced strong opposition to the energy cooperation between Germany and Russia via the Nord Stream 2 project.

Given that the US is set to become a net energy exporting country in 2020, it could become a major source of energy for Central and Eastern European countries.

Second, the US will strengthen political cooperation with Central and Eastern European countries.

The region has undertaken multifaceted diplomacy, hoping to win more policy initiatives in tod

ay’s volatile geopolitical dynamic. As they receive less political and economic promises from the EU, they are turning to e

xternal powers such as China and Russia. The US wants to get back in as quickly as possible to make up for its absence.

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Modi reforms for foreign investment worth applause

India has accelerated its efforts to make it easier to do business in the country. As China’s labor cost ad

vantage shrinks, Chinese enterprises should pay attention to changes in the Indian economy.

In 2018, India saw more than $38 billion of inbound deals, outnumbering t

hat of China for the first time in two decades, the Economic Times reported. India is

moving in the right direction to make foreign investment a powerful engine for economic growth and poverty alleviation. It

is the same strategy adopted by China three decades ago at the initial stage of its industrialization process.

Ahead of a general election, Indian Prime Minister Narendra Modi is facing growing discont

ent as people question whether his reforms can create enough jobs for young people. But the foreign inve

stment figures suggest that Modi has done a good job in addressing unemployment.

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Although the idea of Huawei engaging in espionage is te

ically possible, it does not make any sense from a commercial or political point of view.

Such a practice would be tantamount to suicide for a high-tech giant. If the Chinese governme

nt forced Huawei to do this, it would be stifling the country’s emerging industries. But intelligence can

not be mentioned in the same breath as Huawei’s contribution to China’s industrial prosperity and national interests.

Hyping the alleged Huawei threat has violated the basic spirit of seeking truth from facts. The West is prioritizing ide

ology and considering excluding China as political correctness. Many people in Europe are aware of the lies, but

still beating the drum for a certain value orientation rather than conducting an objective analysis.

The world is changing, and if Europe keeps prioritizing ideology and political correctness in dealing with every new situation, that would be dangerous.

What Europe needs is not only the ability to distinguish between right and wrong, but also the co

urage to make its own independent choices. Europe’s cooperation with Huawei on construction of a 4G

network is already an established fact, but it seems now that beneficial collaboration has become one of the biggest risks.

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ooperation will bring benefits to the two countries while

conflicts will injure both sides, he added.Xi called China-US ties one of the world’s most important

bilateral relationships, and the two countries have wide common interests a

nd shoulder important 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 Leaders

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

The two countries should promote building stable, cooperative and coordinative Chi

na-US relations, Xi said. The two sides should enhance communication, focus on cooperation a

nd handle disputes to promote economic and trade cooperation, Xi added.

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HK police Sina Weibo account brings nostalging Kong Spe

The police department of the Hong Kong Special Administrative Region (HKSAR) set up the Sina

Weibo account Hong Kong Police on Jan 29, which was welcomed by a large number of netizens.

The official account so far boasts more than 140,000 fans, with some posts receiving more than 10,000 comments.

The account Hong Kong Police focuses mainly on practical information like crime prevention and event ar

rangements, such as the Lunar New Year fireworks display and traffic control measures during the celebration parade.

The latest data from the Hong Kong Tourism Board shows that among the 58 million visitors to H

ong Kong in the first 11 months of last year, Chinese mainland visitors accounted for almost 80 percent.

Hong Kong Police Force hopes to increase engagement through t

heir Sina Weibo account with Chinese mainland tourists, new arrivals, and students stu

dying in Hong Kong, and effectively convey important messages in a timely and effective manner.

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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.

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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.

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The tariffs imposed on Chinese goods by the US so far hav

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.

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Lai Xiaomin charged with bribery, corruption and bigamy

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.

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tal transformation”, there is already a victory sign coming fro

The country generated about 7.6ZB data last year, around 0.7ZB more than the US, the report said.

In addition, it said data created and replicated in China is expected to outpace the global average by 3 percent annually.

Chinese tech companies, such as Alibaba Group and Tencent Holdings Ltd, h

ave set an example in using data to improve customer service in the financial sector.

The report said Chinese digital payment platforms Alipay and WeChat Pay are able to provide personalize

d financial services tailored to customers’ specific behaviors and preferences with the help of massive user data.

The report also mentioned the use of personal information has raised concerns as data may be utilized to build beh

aving or responding models of users that can be taken advantage of by advertisers or for other purposes.

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