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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ercent from 8.1 percent at the end of December, the central

It’s hard to say that China entered a new cycle of credit expansion,” said Zhang Ming, chief eco

nomist at Ping An Securities. “For the whole year, the overall financing growth and money supply is expected to stabilize.”

Fast credit expansion means higher pressure on companies to repay debt and interest, and the space for sustainable credit growth i

s limited, given the current leverage level. Total outstanding debt has exceeded 250 percent of GDP, Zhang said.

The good news is that credit has been channeled effectively into the production sector, such as manuf

acturing and high-tech, and the healthier credit structure can support the overall economic r

estructuring reform, said Ruan Jianhong, head of the central bank’s statistics and analysis department.

hina and the United States will continue economic and trade consultations in Washington ne

xt week, after reaching consensus in principle on major issues during their high-level Beijing talks, State media reported.

According to Xinhua News Agency, the two sides had in-depth communication on topics of mutual concern including tec

hnological transfers, intellectual property rights protection, nontariff barriers, the service industry, agr

iculture, the trade balance and an implementation mechanism, as well as on particular issues of concern to China.

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Tianhe, another name for the galaxy in ancient China, imp

lies that the Chang’e 4 probe served as a pioneer in the history of human lunar exploration.

According to the IAU naming rules, the landing site name has the prefix of Statio in Latin. And so far onl

y two places have such a prefix, the first being the landing site of Apollo 11, Statio Tranquillitatis.

Zhinyu, Hegu and Tianjin are the names of stars in China’s ancient star chart, as the three pits in the lunar crater formed a shape similar to these three celestial bodies.

Mount Tai is one of the five most famous mountains in China in East China’s Shandong province and stands 1,545 me

ters tall above sea level. The central peak, Mons Tai, in the lunar crater measures 1,565 meters in height from its base.

In August 2010 and October 2015, China had applied to name the landing sites of Chang’e 1 and Ch

ang’e 3, and gained approval, and in January this year, China applied to the IAU for the five new names.

So far, a total of 12 lunar features have been named by China.

Naming entities on lunar surfaces started in the 17th century in Europe, and in the 20th century, the U

nited States and the former Soviet Union had the most names due to their lunar explorations.

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Ministry of Education addresses Zhai plagiarism case

The Ministry of Education has zero tolerance for academic misconduct and has ordered relevant universities and education authorities to investigate pl

agiarism allegations leveled at actor Zhai Tianlin, a ministry spokeswoman said on Friday.

The investigation will not only include Zhai’s plagiarism allegations, but also possible miscond

uct of other people that allowed this to happen, ministry spokeswoman Xu Mei said at a news conference.

“We have zero tolerance for behaviors that ignore academic rules and standards and undermine education equality,” she said.

The universities and Beijing education authorities will seriously look i

nto the case and publish the investigation’s results as soon as possible, she added.

The Beijing Education Commission and the Education Work Committee of the

Beijing Committee of the Communist Party of China sent an investigative team to

the Beijing Film Academy - where Zhai got his PhD-to look into the matter, the academy said on Thursday.

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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.

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That the festival triggers such huge human movements eac

ch year is linked to how rapid urbanization has driven and been driven by China’s historically

high annual economic growth rates over the past four decades of reform and opening-up.

With the benefits of migration increasingly visible, and the main obstacles to rural-to-urban migration removed (including through massively ex

panded transport infrastructures), the number of internal migrants has increased by 35 times between 1982 and 2018.

However, China’s household registration system complicates the migration process. For m

any reasons, a major unintended effect of migration has been the creation of large populations of left-beh

ind family members-elderly parents, spouses and children, each of these subsets totaling tens of millions.

Beyond the gift-sharing and merrymaking of family reunions, Spring Festival pr

ovides opportunities for improving care arrangements for left-behind parents, spouses and children.

This social value of the festival is important since we know that despite on

going improvements, left-behind children and elderly people have poorer ac

cess to quality education, health and social protection services, compared with their peers in the big towns and cities.

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Airbus to scrap production of A380 superjumboys its prowe

TOULOUSE – Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursd

ay, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.

The world’s largest airliner, with two decks of spacious cabins a

nd room for 544 people in standard layout, was designed to challenge Boeing’s legendary 747

but failed to take hold as airlines backed a new generation of smaller, more nimble jets.

Airbus said in a statement that the last A380 would be delivered in 2021.

Confirming a shake-up first reported by Reuters, it said Emirates – the largest A380 cust

omer – had decided to reduce its orders for the iconic superjumbo and order a total of 70 of the smaller A350 and A330neo models.

The European company said it would enter talks with unions in coming weeks over the 3,000-3,500 jobs potentially affected.

Airbus will produce 17 more of the planes including 14 for Emirates and 3 for Japanese airline ANA.

As part of the restructuring, Emirates placed a new order for 40 A330-900neo jets an

d 30 A350-900 aircraft, partially restoring a purchase of A350 aircraft which it cancelled in

ex177.cn

Naturalization becomes increasingly popularup quarterfinal

China lost 3-0 to Iran in late January in the Asian Cup quarterfinal, conceding all three goals due to defensive errors. “When you face a strong team like Iran, you

have to avoid making the mistakes. I did not expect we lost the game in this way,” China coach Marcello Lippi said.

With the Olympic qualifying tournament and the 2022 World Cup quali

fying campaign around the corner, China faces an uphill battle with a limited squad.

Hou Sæter’s versatility has been praised by Guo’an head coach, Rog

er Schmidt, who has said the midfielder can play a number of positions across the pitch.

Naturalization has become increasingly popular in international football in recent

years, and has been used by Japan, the Philippines, and AFC Asian Cup holders Qatar.

  In fewer than 15 minutes, you can read any bestselling nonfiction book with Blinkist. The app s

ummarizes key insights from the world’s best business, leadership and productivity books.

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He anticipated that the plan would further connect the

echnology sectors of Hong Kong and the mainland, facilitating more career opportuniti

es for Hong Kong local talent as well as offering a larger market for knowledge transfer.

Tam Yiu-chung, a Hong Kong member of the Standing Committee of the National People’s Congress, the country’s top legislat

ure, estimated that the plan would lay out development priorities for the area, and the key tasks each city should carry out.

Hong Kong will thus have a clearer direction for future development, and better understand how it can fully contribute, Tam said.

The Greater Bay Area encompasses Hong Kong and Macao, as well as nine cities in Guangdon

g province: Guangzhou, Shenzhen, Zhuhai, Dongguan, Huizhou, Zhongshan, Foshan, Zhaoqing and Jiangmen.

In 2017, the 11 cities produced one-eighth of China’s gross domestic product while containin

g only 5 percent of the nation’s population and only 0.6 percent of China’s total landmass.

ecimy.cn

Reportcan extenChina has the capacity to extend local governm

ment bond issuance or implement more tax cuts, Economic Information Daily reported Wednesday, citing the Chinese Academy of Social Sciences.

A total of 2.61 trillion yuan ($386.46 billion) of bond quota was unused by the end of 2018, accounting for 14.1 percent of total local debt, the academy said in a report.

This means China can extend bond issuance, or undertake 14 percent of tax and fee cuts.

The debt balance stood at 18.39 trillion yuan at the end of last year, well below the official ceil

ing of 21 trillion yuan, and accounting for 109 percent of total fiscal revenue of local governments.

In 2018 local authorities raised a total of 4.17 trillion yuan through bond issuance, down from 4.36 trill

ion yuan in 2017, according to the Ministry of Finance. The local debt ratio was 76.6 percent last ye

ar, significantly lower than the international warning line of 100-120 percent.

Last year local governments’ implicit debt risk was controlled effectively, however, the total debt level was still huge, the academy said.

In 2018 new explicit debts rose 13.5 percent to 2.18 trillion yuan, while the in-balance-sh

eet interest payment reached 734.5 billion yuan, with a 17.1 percent growth rate, about 2.75 times that of fiscal revenue.

A rapid increase in interest payments put pressure on future fiscal guarantees and service capacity, the academy added.

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