wasting US’ wealth. In the near future, Washington may no

 assistance to the World Bank and quit the organization. The World Bank is a multilateral institution which was establ

ished under US leadership, and guided by the US Treasury Department. Its heads have traditionally been

appointed by the US government. The World Bank reflected US global strength and was a key instrument for

Washington’s global governance, and increasing its influence as a soft power. However, currently Washington seems to de

molish the structure it built itself by exiting international organizations that signal globalism.

Based on the experiences of the late 20th century, there are several drawbacks of globalism and globalization.

First, globalization enables strong nations to consolidate their d

ominance and lead the international order. It is an instrument that induces weaker states to ob

ey the will of the stronger ones. Globalism is keen on promoting universal values, taking the moral high gr

ound, blaming countries whose actions do not accord with universal values and even intervening militarily in some natio

ns. What does international intervention bring to global politics? It can be explained by hot button issues in Eurasia.

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ow to sustain positive economic development inlimited to

The 2019 Annual Meeting of the Chinese Economists 50 Forum was held in Beijing on Saturday, with the theme “How to achieve the six stabilities and keep positive economic development in the lo

ng run.” Below are excerpts from speeches given by several renowned scholars and officials at the event.

Fang Xinghai, vice chairman of the China Securities Regulatory Commission

The current IPO system has led to highly consistent investor expectation in the secondary market as they mindlessly buy into

roaring stocks, aggravating price distortions and resulting in low long-term returns on newly listed shares.

Reform to secondary market prices will create a good groundwork for IPO price reform in the future.

Liu Shijin, vice president of the China Development Research Foundation

If we compare [China’s] high-speed growth of the past three decades to eating fatty meat, after we e

ntered a phase of medium-speed growth, transitioning to high-quality development, which will be t

he hard part, is like nibbling on hard bones. There are five sources of growth momentum during the high-quality d

evelopment stage. First, the improvement in low-efficiency growth sources. Second, the income growth of low-in

come groups and the upgrade in human capital. Third, the upgrade to the consumption and industrial structures. Fourth, cuttin

g-edge innovation. Fifth, green development, which is not limited to pollution control and environmental protection.

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meets with trade negotiatorsites important progress in

ina would like to address the problems of economic and trade frictions with the United States in a cooperative way to promo

te 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 Mnuch

in 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 curre

nt stage, and the two negotiating teams will meet again in Washington next week for f

urther 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.

shlf19.com

Unexpected twist in Gui case embarrasses Swedish FM

There has been a new unexpected twist in the case of Gui Minhai, and this time, the Swedish Ambassador to China Anna Lindstedt is involved.

Gui Minhai was born in China and later became a naturalized Swedish citizen. He was a Hong Kong-based bookseller be

fore being sued in the Chinese mainland in 2015. That lawsuit strained relations between China and Sweden.

His daughter, Angela Gui, has recently detailed a bizarre account of her visit to Stockholm, which has

embarrassed the Swedish Ministry of Foreign Affairs. Angela Gui, who grew up in Sweden, now live

s in Britain where she is studying for a PhD in history at university. She gave her account in a media interview last we

ek and made an announcement Wednesday on her blog. Gui said that Ambassador Lindstedt contacted her in mid-January, inviting her to go to Sto

ckholm to meet two Chinese businessmen, who Lindstedt trusted, to discuss a new approach to her father’s case.

Angela Gui said she went to Stockholm in late January where she met two Chinese businessmen in the presence of Lindstedt. In

her statement, she said that the two businessmen asked her to stop all media engagements and public comment in exch

ange for her father’s release or commutation. According to Gui, Lindstedt supported the plan and said t

hat if not, the relationship between Sweden and China would otherwise be further undermined.

Angela Gui said that after the meeting, she called the Swedish Ministry of Foreign Affairs for confirm

ation. “They told me they hadn’t had the slightest idea this whole affair was taking place. They hadn’t even been informed the amb

assador was in the country,” she wrote. In her account of what happened, she not only gave details of the meeting,

but also described how she was feeling threatened and how the whole arrangement seemed suspicious.

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Moreover, the West likes to attack China by using Chinese

dissidents and their families. Western countries believe that they can easily dig up stories about those people and they can be easily manipulat

ed as well. However, what happened with Angela Gui has sent a clear message that there is always the risk of it backfiring. Those peopl

e are fully aware of being used by some Western interests, which results in a strong sense of insecurity and suspicion. Some of them are also selfish. A f

ew years ago, a Chinese dissident well-known in the West left China for the US and later embarrassed his American patrons.

Furthermore, nowadays Western public opinion is increasingly radical and populist, which has made it difficult for some countrie

s to adopt a realistic approach and repair relations with China after disputes. Some prominent for

eigners who have a comprehensive understanding of China are facing an increasing risk of acting differently from t

he radical sentiment. Recently, John McCallum, Canadian ambassador to China, was criticized and finally lost his po

sition, due to his attempt to ease the China-Canada relationship regarding the incident of Meng Wanzhou.

Last but not least, the incident has primarily embarrassed the Swedish Foreign Ministry m

ore than causing trouble to China. Some Western media claim that Anna Lindstedt’s behavior pr

oves China exercises significant influence on ambassadors of Western countries to China. Such a comment is hi

ghly unprofessional and makes no sense except to show they do not know what they are talking about. Am

bassadors are usually among those in their own country who hope at the utmost to maintain sound relations with th

e country to which they are posted. Generally, they are supposed to play a dovish role, not a hawkish one. Some We

stern media authors need to learn basic ABC knowledge of diplomacy. (The author is a commentator with the Global Times)

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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.

ax125.cn

Five more lunar locations get Chinese nameson data

Five more geographical entities on the moon have been given Chinese names,

based on discoveries from China’s latest Chang’e 4 mission, according to a news conference on Friday.

The China National Space Administration, Chinese Academy of Sciences and Internatio

nal Astronomical Union held a joint news conference Friday to announce the five names approved by the IAU on Feb 4.

The landing site of the Chang’e 4 probe is named Statio Tianhe, and three annular pits around the landing site are called Zh

inyu, Hegu and Tianjin. The central peak in the Von Karman Crater is referred to as Mons Tai.

The five places are clearly shown on high-resolution images based on data from the Chang’e 2 and Chang’e 4 missions.

China’s Chang’e 4 probe, launched on Dec 8, landed on the Von K

arman Crater in the South Pole-Aitken Basin on the far side of the moon on Jan 3.

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Festival brings to fore importance of demographic data

Spring Festival, celebrating the start of the Chinese Lun

ar New Year, is unique beyond being the most important festival in the world’s most populous country.

Not only is it the longest holiday that most workers in China are entitled to, it also pr

oduces the largest annual human population movement in the world, th

anks to the age-old tradition of family reunions that are at the center of the occasion.

This year, the Year of the Pig, which is strongly believed to be associated with good fortune, has seen hundreds of millions

of workers based in cities and big towns returning to their smaller towns and villages of origin to reunite a

nd feast with their families-including their parents, and, for many, also their spouses and children. The official fo

recast is that this year, nearly 3 billion trips will be generated during the 40-day travel rush from Jan 21 to March 1.

While it might not be so obvious, this huge social phenomenon both shapes and is shaped by the sheer size and dis

tribution of China’s population linked to births, deaths and migration, and the way these three sets of vital events interact.

ax147.cn

Former PBOC governor wins 2019 lifetime achievement award

Zhou Xiaochuan, former governor of the People’s Bank of China (PBOC), has won the UK’s 2019 Central Banking lifetime achievement award, according to the publication’s website.

Zhou, the sixth winner of the award, stands out for his high levels of integrity, intellectual ri

gor and bold reforms that have served the public interest in China and elsewhere, said a statement of the website.

The Central Banking Awards were established to recognize outstanding perform

ance in individuals and organizations in the central banking community.

Zhou, who stepped down as PBOC governor in March 2018, had served in his position from

December 2012-2018, which makes him China’s longest serving central bank governor since 1949.

The award recognizes the impact Zhou had on the central bank and the Chinese economy.

“While in office, Zhou demonstrated high levels of integrity in his pursuit of public s

ervice. He brought academic rigor to real-world decision-making, acting as a prag

matic policymaker with a strong sense of what was in the public interest,” the statement said.

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