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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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.

247xe.cn

Market expectations for interest rate cuts have been rising in

 China after Spring Festival. Before embarking on their next move in interest rate reform, however, policymakers need to assess dom

estic macroeconomic conditions in order to reduce financing costs. It is more urgent to let the financial market determine the lending rate, Sun said.

“We hope (policy fine-tuning) will not surprise the market when it is introduced,” Sun said.

Communication with other countries is also needed before launching new policies or introdu

cing creative monetary policy tools, and “the PBOC has good communication mechanisms with other c

entral banks including the US Federal Reserve and the European Central Bank”, Sun said.

Last year, the PBOC removed some constraints on credit, including liquidity in

jection through cutting the reserve requirement ratio four times and capital rep

lenishment by allowing commercial banks to issue perpetual bonds, which have no maturity rate, he said.

Chinese commercial banks, however, are still using the one-year lending rate of 4.35 percent — th

e rate commercial banks charge businesses — set by the central bank in 2015. It is higher than in

terbank market rates or the interest rates banks have been paying to the central bank of 3.05 to 3.30 percent.

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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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Blueprint for Bay Area to be revealedanticipate greate

The blueprint for the massive economic development that will turn the Guangdong-Ho

ng Kong-Macao Greater Bay Area into a global economic powerhouse will be made public within days.

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor did not disclose the exact date for the rele

ase when speaking to reporters before Hong Kong’s weekly Executive Council meeting on Tuesday. S

he did, however, announce that a conference on Feb 21 will begin poring over details of the project.

Lam said the blueprint would lay out broad guidelines after which local go

vernments in Guangdong province, Hong Kong and Macao will work together wi

th the support of central government departments to pull the project together with concrete planning.

Cross-sector heavyweights in Hong Kong welcomed the upcoming development blu

eprint, saying it could lead the city’s different sectors into a stronger growth phase.

eblqb.cn

Today, the situation is radically different. Space exploration is

nger the prerogative of the US and Russia. Apart from the US, Russia and China, India too has worked out an ambitious plan to put astronauts in space by 2022.

Constantly improving manufacturing and new material technologies have remarkably reduced the cost of space launches. The pr

ivate US company Space X has successfully launched recoverable rockets, and its launch cost per kilogram payload has fallen below $2,000, one-ten

th that of a space shuttle launch. And for China and India, the cost of one rocket launch is less than $5,000 per kg.

Another major change helping space exploration is the advancement in 3D printing technology, which now allows astr

onauts to produce parts and components in the International Space Station and thus reduces the number of sup

ply vehicle launches. 3D printing will play a big role in the construction of a permanent space station on the moon.

These technological advancements have propelled a new wave of space fever ac

ross the world. While US President Donald Trump has reactivated the space ex

ploration program that aims to land humans on Mars by 2033, private space companies such as Space X and Blue Ori

gin have used advanced technologies to their full advantage to move ahead in the space race.

For China, building a permanent space station and a rocket launch platform on the moon will

be critical to advanced space exploration. Actually, China is moving closer to fulfilling that objective.

www.102xe.cn

Zheng Wen, director-general of the ministry’s department of

circulation industry development, said online sales have become an important engine to stimulate domestic spending and i

mports. “Durable consumer goods with high-tech features and branded foreign products have huge commercial potential,” Zheng said.

Chinese e-commerce giant JD reported robust sales between Feb 3 and Friday, with sales revenue jumpi

ng 42.74 percent year-on-year. Smartphones, computers and home appliances were the top three items on JD in terms of sales value.

Chinese consumers tend to buy high-quality and diversified products, the comp

any said. Kitchenware sales posted the strongest growth — 399 percent year-on-year. That was followed by furniture and

luggage, with their respective sales revenue up 185 percent and 148 percent, JD reported.

China UnionPay, the country’s largest bank card operater by market share, saw its total transaction volume over the ho

liday period reach 1.16 trillion yuan, jumping 71.4 percent year-on-year, the company said on Monday.

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China improves Long March-6 rocket for growing commer

BEIJING, Feb. 11 (Xinhua) — China announced Monday that it is developing the modified version of the Long March-6 rocket with four additional solid boosters to increase its carrying capacity.

The improved medium-left carrier rocket will be sent into space by 2020, according to the Shanghai Academy of Spaceflight Technology under the China Aerospace Science and Technology Corporation (CASTC), which designed the rocket.

With a short launch preparation cycle, the Long March-6 has been mainly used for the academy’s commercial launches. The rocket completed two space tests in September 2015 and November 2017, carrying 20 satellites and three satellites, respectively.

The three-stage rocket is 29.3 meters long, with a launch weight of 103 tonnes. It has a carrying capacity of one tonne for sun-synchronous orbit.

Fueled by a liquid propellant made of liquid oxygen and kerosene, the Long

March-6 is China’s first carrier rocket that uses non-toxic and non-polluting fuel.

Ding Xiufeng, executive manager of the Long March-6 project, said in response to the growing demand for commercial launches, the

y will have the rockets’ market competitiveness enhanced through technical improvements, so that t

hey can provide easier, faster and more comprehensive services to users at home and abroad.

In January, the China Great Wall Industry Corporation, affiliated wi

th the CASTC, signed a multiple launch services agreement with Satellogic to use the Long

March-6 and the Long March-2 rockets to launch 90 satellites for a private Argentine company in the coming years.

The first 13 satellites will be delivered late

r this year. It will be the first time for the Long March-6 to provide launch services for an international user.

suiyincoin.cn

The China National Tourist Office in New York and the China

  Chamber of Commerce – USA (CGCC) are event partners. More partners in the US are welcome to join the campaign throughout the event.

  Participants are invited to submit up to three photos with captions, limited to 300 words or less, explaining their person-to-perso

n exchange, relationship or experience, exemplified through the photographs. Submissions should be ma

de via email at: mychinaa[email protected]sa.com, or via

mail at: My China Album, 529 14th Street NW, Suite 1108, Washington DC 20045.

  Judging will take place at the close of submissio

ns, and prizes will be awarded to 10 finalists. All entrants will receive a souvenir for participating in the event.

  The grand-prize winner will receive the flight tickets. Finalists also may have their

stories featured in China Daily through its print edition and many digital platforms.

yuyingleyou.com.cn

he CBA canty and stomp BeiKong send 13 consecut

  Tencent sports on January 30-2018-19 season CBA season 37 wheel, jiangsu suzhou candy a

nd sat at home against BeiKong.Candy and pre-emptive 13-3 start.Then Ken,

and gradually expand the leading edge, always sta

y in around 20 points lead in the second half.Final match, suzhou, jiangsu

province, and in a 113-11

3 victory over the BeiKong, winning three straight to opponent ten burnley at

the same time.”The CBA project”

  This data

  Match rebounds 57-41 was dominant, assists 31-15 candy and leading, and

error control in 17-12 BeiKong do better, shootin

g 52% 33% higher, 10 of candy and 26 three-point shots, 6 BeiKong 32 shots,

candy and the ratio is higher.

  Player data, candy and five players in double figures, and Dudley was 19

points, 5 rebounds, hong-fei shi 15 points, five assists,

Sloan 14 points and 4 rebounds and 6 assists, Wu Guanxi 14 points and 13

rebounds, li yu 12 points and 13 rebounds.

  BeiKong aspects only 3 players in double figures, Robinson 17 points and 14 rebounds,

16 points, beam Zhang Minghao 12 points and 3 rebounds, Laredo only 9 points

and 4 rebounds, 7 assists.

www.xuexizhongguo.cn