The last time Japanese leaders visited Pyongyang was

during the administration of then prime minister Junichiro Koizumi. As then deputy chief cabinet secretary, Abe was also

part of the visiting delegation. Currently, the domestic politics in Japan is stable. Abe is set to remain in office u

ntil 2021. Abe’s diplomacy with Russia has been criticized at home as fawning toward Moscow. Abe would not risk visiting North Korea if Pyongyang does n

ot make obvious concessions. Japan’s strategic changes toward North Korea should come about gradually.

However, Abe and Kim may meet in a third state, which is friendly with both countries, such as Mon

golia. Their diplomats, special envoys may meet first, laying the ground for both leaders’ face-t

o-face talks. However, a meeting between Abe and Kim may unlikely happen in 2019.

In January, Thubten Gyatso from Moding village in the Garze Tibetan Autonomous Prefecture in Southwest China’s Sichuan Pr

ovince, went to Hainan Province for the first time in his life, where he attended an awards ceremony for rural teachers.

Together with 100 other teachers from China’s rural areas and 20 head

masters of rural schools, Thubten Gyatso received an award for what he has done for stud

ents from Moding village, located in a mountainous area 2,600 meters above sea level between Sichuan and Yunnan provinces.

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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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ina’s monetary policy to sail out of the ‘reefs’ and into

The year 2018 saw China’s monetary policy carefully sail through the “reefs,” as economic slowd

own and surging exchange rate risk left little room for adjustment. However, since the be

ginning of this year, major internal and external changes have broken the dilemma.

From the internal perspective, in January 2019, the “loose credit s

upply” saw improvement in terms of both volume and structure, barriers to implem

enting monetary policy removed, which is expected to guide the Chinese economy to stabilize in the first quarter.

First of all, China’s outstanding broad money supply, or M2, grew 8.4 percent year-on-year in January, while new yuan loans and social fina

ncing both soared to historic monthly highs at 3.23 trillion yuan ($478 billion) and 4.64 trillion yu

an, respectively. The figures showed that “loose fiscal policy” has had a positive effect on credit supply to the pri

vate sector, thus pushing up the growth rate for total social financing. It is expected that in the first quarter of 2019, wi

th the gradual implementation of “loose fiscal policy,” the volume of “loose credit supply” will remain at a high level.

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Guo Fan, director of The Wandering Earth, once said that a

film is a reflection of a nation’s comprehensive strength.” The Guardian published an article headlined “China challenges Hollywood with own sci-fi blockbuster.”

This is in line with how people see today’s global affairs. China is making contributions to global development with its own strength and its own way.

Different from the US sci-fi blockbusters which advocate individual heroism, The Wandering Earth pro

poses China’s collective spirit. Take the climax of the movie: When all the plans to save Earth faile

d and Earth is about to hit Jupiter, many other countries, which had decided to give up, were moved and inspired by a br

ave Chinese girl. They then chose to salvage Earth from its doom together with Chines

e. Such a Chinese blockbuster presents a new appearance of sci-fi and successfully moves audiences of different countries.

Likewise, the key to improving the world’s understanding of China is to find a

n echo in each other’s hearts. Today, mankind still faces many international hot

issues, such as environmental protection, anti-terrorism and the reconstruction of the world financial o

rder. To solve these problems, we need global participation and cooperation, and China should play a constructive role.

These problems are also common challenges facing China and the US. Both Chi

na and the US should take their responsibilities. The two countries are mo

re likely to cooperate on these issues which could be the basis for building mutual trust.

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There is a twin motivation behind his presence in the regio

one hand, Modi wanted to push forward the Citizenship (Amendment) Bill in South Tibet where it may help New Delhi assimilate local

population and convert it demographically into a more “Indianized” one; on the other, Modi sought to pacify irritated and alienated local comm

unities by introducing more developmental projects and pro-growth schemes. In addition, by sending out a strong signal that China’s fierce protests woul

d not deter him from visiting the frontier region, Modi also sought to appeal to nationalistic voters before the election.

Following the passing of the Citizenship (Amendment) Bill in the Lok Sabha on January 8, South T

ibet had been hit by waves of protests across the region. A large number of Hindu immigrants from Bangladesh have been sent into South Tib

et since the 1950s, but have no citizenship. However, if the Bill is enacted, these refugees would likely get Indi

an citizenship, which poses a threat to the local community as their swelling population in the long run may well crowd out and eat up the indigenous pop

ulation. For example, Hajong people – a Hindu group originally residing in former East Pakistan (now Bangladesh) which fled to India  due to religious persecu

tion – have been migrating to South Tibet since the 1960s, but their presence since then has been a constant source of conflicts.

It was against this backdrop that Modi trod on the soil of South Tibet. Signaling that his governm

ent gives a lot of importance to the region which has been neglected by previous governments, Modi sought to

pacify annoyed locals by giving them a long list of gifts. The Indian prime minister laid the foundation stone of several developme

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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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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.

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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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It is natural that Europeans consider more of their own

interests, but they should stick to justice in major affairs otherwise double standards will prevail.

Europe does not feel any threat from China’s missiles. In security, Europe is caught in the middle of Moscow and Washington.

Europe is not the source of China’s security pressure. But Germany has dragged China into its own security pli

ght, which not only damages China’s interests, but also leads Europeans in the wrong direction for their security concerns.

Globalization has remolded the existing power pattern and will also change the world’s political landscape. The era that Europe’s interest

s are tied with the Western camp is ending. America First will become the dominant principle in tr

ans-Atlantic ties. Europe is destined to fall behind the US and needs to recalculate its orientation.

As the world’s second largest economy, China needs defense capabilities which should be more powerful than it has now so as t

o build peace in the Asia-Pacific region and beyond. A peaceful and stable Asia-Pacific region will benefit Europe.

The Asia-Pacific is far from reaching a balance of power. Germans are clear abo

ut the wide gap between the Chinese and US militaries. Merkel’s words are nothing but a bubble in thin air.

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With the proscription of Azhar becoming a contentious

t impedes China-India relations, some Chinese scholars advise that China take India’s concern more into account. But Liu Zongyi, a senior fellow of the Shanghai I

nstitutes for International Studies, told the Global Times that India should, first of all, mind its approach. Should New Delhi resort to quiet dipl

omacy instead of extensively directing aggressive rhetoric to pressure Beijing, the Azhar issue could have been better addressed.

Terrorism in India poses a significant threat to Indians. Without solid evidence, India has long accu

sed Pakistan of sponsoring terrorist attacks by Jaish-e-Mohammed and other militant groups and China

of providing uncritical support for Pakistan. Instead of simply blaming other countries, especially Pakistan and China, shouldn’t the Indian government ma

ke more self-introspection on its anti-terrorism policy and dwell more on how to better administer the India-controlled part of Kashmir?

China and Pakistan are not enemies of India in countering terrorism. Despite the India-Pakistan dispute, New Delhi has comm

on interests in fighting terrorism with Islamabad and Beijing. It’s suggested India abandon suspicions and the three countries enhance consult

ations on regional security and strengthen anti-terrorism cooperation. Last August for the first time the militaries of India and Pakistan took part in

a mega anti-terror drill of the Shanghai Cooperation Organization (SCO) in Russia aimed at expanding cooperation among member countries to de

al with the growing menace of terrorism and extremism. Such momentum shouldn’t be disrupted.

With the approaching general election in India, nationalism could be easi

ly fanned and used by politicians to woo support. Blaming China and Pakistan for the terr

orist attack will arouse Indians’ anxieties over neighboring countries. A tough stance by the BJP government may help the

ruling party win more support. But this will risk anti-terrorism cooperation being sabotaged for the political interests of parties in India.

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