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Nation InDepth Life Business Path out Common Plunder Dandong of poverty destiny & rescue angry at US 6 12-13 20 sanctions B1

www.globaltimes.com.cn VOLUME 9 • NO. 2432 • TUESDAY NOVEMBER 7, 2017 PRICE 2 YUAN

Vigil for the victims A candlelight vigil is observed on Sunday following the mass shooting at the First Baptist Church in Sutherland Springs, Texas, that left 26 people dead (see stories on pages 3 and 10). Photo: AFP

 Chinese public keenly follows Asia trip Beidou navigation system to ‘outperform GPS by 2020’

‘State visit-plus’ for dou Navigation Satellite Sys- By Liu Yang in Xichang and Zhang Hui in Beijing tem. Beidou will lead the world China used a single carrier and outperform the GPS sys- Trump in China rocket Sunday night to launch tem by around 2020 when two state-of-the-art satellites Beidou goes global, into space, marking the global Chinese space ex-  2 network expansion of its Bei- perts said. Global By Li Ruohan first foreign head of state to vis- communication on significant it China after the 19th National issues of common concern to Amid tremendous public curi- Congress of the Communist build a new consensus, en- osity over the visit of US Presi- Party of China. hance mutual understanding Inside dent Donald Trump, China is China and the US are and friendship, and promote pulling out all the stops in its working to ensure President bilateral relations in all spheres, Top News: Chinese fear rising US gun violence 3 preparations for the leader who Trump’s state visit is a “historic Zheng said. Nation: China 2nd in organ donations 4 has fascinated many with his success,” said Vice Foreign According to Zheng, Chi- World: EU finance ministers to meet after ‘Paradise Papers’ leaks7 outspoken remarks and strong Minister Zheng Zeguang, the na will provide a “state visit- personality. Xinhua News Agency reported plus” experience for President World: PNG court to rule on Manus camp 9 Trump’s trip to Beijing, from on Monday. Trump and his family. “Apart Asian Review: Japan’s move on ‘comfort women’ disturbing 15 Wednesday to Friday and com- Using this opportunity, from the red-carpet ing after his trip to Japan and Chinese President Xi Jinping ceremony, formal  2 Forum: October Revolution legacy remains 16 South Korea, will make him the and Trump will have strategic talks and a banquet, Trump’s Business: Conditions ripe for capital market opening B2

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地址：北京市朝阳区金台西路2号环球时报社英文版 ● 邮政编码：100026 ● 国内统一刊号：CN11-0272 ● 国际标准刊号：ISSN 2095-2678 ● 邮发代号：1-181 2 Tuesday November 7, 2017 TOPNEWS Global satellite network to attract more clients Trump’s tax, economic policies from overseas: analyst concern China’s biz leaders Beidou, from Page 1

The two Beidou-3 satellites were aboard a Long ‘State, from Page 1 pare top-level security measures for interest online, such as whether the March-3B carrier rocket which took off from the visit, together with a package of 71-year-old president will visit the Xichang Satellite Launch Center in Southwest President Xi and his US counterpart trade and economic agreements for Great Wall or open an account on China’s Sichuan Province. will have some informal get-togeth- Trump, Ni said. Sina Weibo, the Chinese Twitter-like “Technology has significantly improved the ers,” Zheng elaborated. platform with nearly 340 million us- performance of the Beidou-3, with the signal ac- “A ‘state visit-plus’ refers to ar- Public attention ers. curacy in space higher than half a meter,” said rangements that could show the Many Chinese are concerned The hashtag “Trump’s visit to Chi- Yang Changfeng, the system’s chief designer. personal relationship between the about the future of the bilateral ties, na” had received more than two mil- Yang said the Beidou-3 has outperformed pre- two presidents and the places will and how the two countries will inter- lion page views on Weibo as of press vious-generation satellites, including in service be typical areas that can help the US act over the Korean Peninsula issue time. life and accuracy. president have a better understand- during the visit, said An Gang, a se- On online forums, posts about China plans to turn Beidou into a global posi- ing of Chinese history and culture,” nior research fellow at the Pangoal what outfits First Lady Melania tioning and navigation system by around 2020, Wu Xinbo, director of Fudan Univer- Institution, a Beijing-based think Trump might wear are also popular, making it the third country in the world after the sity’s Center for American Studies in tank. while some have expressed disap- US and Russia to operate its own global naviga- Shanghai, told the Global Times. Chinese entrepreneurs will be pointment that first daughter Ivanka tion system, Jiao Weixin, a space science profes- Although there’s no official -an keeping a keen eye on trade issues Trump will not come to China with sor at Peking University, told the Global Times. nouncement of where the two presi- during Trump’s visit, with a focus her father. China plans to launch 18 Beidou-3 satellites dents will meet, speculation is run- on whether industry and financial However, Wu noted that the public by the end of 2018 to expand the Beidou services ning high that the US president will reform in both countries will bring may see little of Trump, as the sched- to countries along the Belt and Road routes. By visit the Forbidden City. more cooperation or confrontation, ule is already tight with the trade and around 2020, it will have more than 30 satellites. The Forbidden City will be closed and what the Chinese government economic agendas. “Beidou could have GPS-like functions after on Wednesday for an “important will do to avoid risks brought by “Meanwhile, unlike Barack it forms a global network. But with eight more event,” reads a notice on its website. Trump’s tax and economic policies, Obama, who included the mission of satellites running above the equator and moving “The visit will be different from said An. spreading US culture and values to between north and south, we could ensure that routine arrangements and there will Aside from major issues, the visit Chinese people in his visit to China, the equator area, South China Sea and China’s be surprises,” Ni Feng, deputy direc- has also attracted wide public atten- Trump is focused more on selling northernmost city of Mohe will all have better sig- tor of the Chinese Academy of Social tion, as many are very curious about US products and bringing economic nals than GPS,” Jiao said. Sciences’ Institute of American Stud- the forthright Trump, whose public opportunities to the US, so interac- Meanwhile, China’s Beidou could offer active ies, told the Global Times. remarks reflect his strong personality. tion with the Chinese public is not on positioning services, meaning that during major Meanwhile, China will also pre- The public also expressed their his agenda,” Wu added. disaster relief operations, the command center will be able to locate the rescue teams. GPS can only help a rescue team locate itself, Jiao said. Bowing for peace The Beidou project, which started in 1994, be- gan to serve China in 2000 and the Asia-Pacific region by the end of 2012, Xinhua said. However, the Beidou system faces challenges in the number of satellites that can be produced, as China needs to launch about 30 satellites in three years, Yang said.

Beyond navigation services Yu Xiancheng, president of GNSS and LBS As- sociation of China, told the Xinhua News Agency that the technology used in Beidou has gone be- yond mere navigation services. The Beidou preci- sion service network has provided services to 400 cities for various purposes, including agriculture and real estate management. The high-precision service of Beidou could South Korean protesters perform provide location services to cellphones even in a a “three-steps one-bow” during tunnel or garage. In the future, the Beidou sys- an anti-US rally in front of the US tem will be used for aviation, power grids and embassy in Seoul on Monday ahead dispatching and controlling high-speed trains, as of US President Donald Trump’s well as autonomous driving and artificial intelli- visit to South Korea. Trump will arrive in Seoul on Tuesday on the gence, Yang said. second leg of his first trip to Asia. Fishermen in South China’s Hainan Province Photo: AFP with the Beidou system would be able to accu- rately monitor their work, report possible threats and even listen to weather reports and warning notices at sea, Xinhua said. “With a global network, I predict that the Bei- Trump criticizes Japan’s ‘one-sided’ trade deals with US dou system will be more frequently used by over- seas clients and domestic clients abroad. China’s Beidou is the world’s Beidou, and the global satel- US President Donald Trump took aim at Japan on Mon- ing pulled the US out of the pact soon after his inaugura- lite navigation market is certainly Beidou’s mar- day for what he described as one-sided trade deals. tion in January. He said on Monday the (TPP) free trade ket,” Yang said. Trump made the remarks at a consortium of US and agreement “was not the right idea.” China’s satellite navigation industry will sur- Japanese business leaders ahead of his summit meeting The two found common ground in exerting more pres- pass 400 billion yuan ($58 billion) by 2020, said with Japanese Prime Minister Shinzo Abe. sure on North Korea. They reaffirmed their commitment Ran Chengqi, an official at the Beidou Naviga- “Japan has been winning on trade in recent decades,” at a joint press conference in Tokyo. tion Satellite System, Xinhua reported. The high- Trump said, adding that he wanted to push for more re- Trump and first lady Melania also had an audience with precision board cards and antennas of the system ciprocal trade between the two countries in a friendly way. Japan’s Emperor Akihito and Empress Michiko at the Im- were sold in more than 70 countries and regions, Japan had a $69 billion trade surplus with the US last perial Palace on Monday. over 30 of which are along the Belt and Road. year, according to the US Treasury Department. The US president will leave Japan on Tuesday for South Political watchers said they believe that Abe would once Korea, before traveling to China and then to Vietnam and Page Editor: again sound out Trump and the US about rejoining the the Philippines. [email protected] Trans-Pacific Partnership (TPP) trade deal. To this end, Trump again dismissed the TPP idea, hav- Xinhua Tuesday November 7, 2017 3 TOPNEWS  Many parents reconsidering sending children to US for studies: adviser Chinese fear rising US gun violence

By Liu Caiyu ters east of San Antonio, killing shocked and sorry for those “Some parents prefer to litically, socially, culturally and 26 people and wounding 20 killed in the shooting. We are send their children for studies economically, Li added, saying Concern is rising among Chi- others, Reuters reported. concerned about our security. in Canada, Australia and the American citizens are divided nese living in China and the US US President Donald Trump Some have become cautious in UK instead of the US,” Vivi on their identity based on gen- after a gunman killed at least called the shooting Monday “a planning trips,” Li said. said. But Vivi added that the US der and political affiliation, 26 people at a church in Texas mental health problem,” not The massacre comes just remains attractive to parents and lack spiritual cohesion, he on Sunday. “a guns situation,” Reuters re- weeks after the mass shooting for its quality of education. added. The Chinese-Consulate ported. in Las Vegas where 58 people Violence involving firearms After the mass shooting in General in Houston said on its “We have a lot of mental were killed at an outdoor con- happen daily in the US, but they Las Vegas, the clamor for strict- website Monday that there have health problems in our country, cert. used to be more random. How- er gun control resurfaced, but been no reports of casualties of as do other countries. But this Many Chinese parents have ever, more innocent people it fizzled out later, Xin Qiang, Chinese citizens in the attack. isn’t a guns situation,” he said. started to put more importance have become victims in recent deputy director of the Center The Chinese consulate said However, the shooting was on security in deciding whether years, Li Haidong, a professor for US Studies at Fudan Uni- it would closely follow develop- cause for concern among many to send their children overseas at the Institute of International versity, told the Global Times. ments, urging Chinese citizens Chinese living in the US, Li, a for studies, Vivi, a Shenzhen- Relations of China Foreign Af- Gun control has been a to stay safe. designer who works in New based consultant advising fairs University, told the Global chronic problem in the US. The gunman attacked the York, told the Global Times on Chinese students who wish to Times on Monday. Problems like this reveal the First Baptist Church in Suther- Monday. study in the US, told the Global The mass shootings reflect disadvantages of the US politi- land Springs, about 65 kilome- “Chinese in the US feel Times. divisions in the country – po- cal system, Xin added.

 Unique experience China slams Indian defense minister’s visit to disputed area

By Zhao Yusha China said a senior Indian official’s visit to the disputed area in the eastern part of the China- India border will further complicate the border issue with China, while an expert said the visit is not conducive to repairing Sino-Indian ties dam- aged by the Doklam standoff. “We believe that the Indian official’s visit to the disputed area will further complicate the border issue, and will not be conducive to maintaining peace and tranquility in the relevant region,” Chi- nese Foreign Ministry spokesperson Hua Chuny- ing told a press conference on Monday. India’s Defense Minister Nirmala Sitharaman visited the South Tibet area (which India calls Arunachal Pradesh) to inspect defense prepared- ness, Indian news agency PTI reported on Mon- day. “China has a clear stance on the China-India border and there are some disputes on the east- ern section of the China-India border,” Hua said. She added that China hopes India will work Britain’s Prince Charles, the Prince of Wales, and Camilla, the Duchess of Cornwall, ride on a raft in the Sarawak with China to create better atmosphere for ne- Cultural Village in Santubong, outside Kuching, on the island of Borneo, on Monday. Charles and Camilla are on a gotiations, to seek a solution acceptable to both seven-day visit to Malaysia. Photo: AFP sides and to safeguard the bilateral ties. “By allowing high-level officials to visit the dis- puted area, India is provoking China in order to win support for Indian Prime Minister Narendra China’s cycling authorities probe Tour of Hainan violence Modi in the 2019 elections,” Hu Zhiyong, a re- search fellow at the Shanghai Academy of Social Sciences’ Institute of International Relations, told Authorities have begun investigating The tour’s organizing committee ing one person to the ground and the Global Times on Monday. an incident involving a member of decided, with the CCA endorsement, kicking him. The rider then grabbed India normally creates trouble for China when the Swiss team being attacked during to disqualify the entire Keyi Look a tire pump from the back of a car bilateral ties deteriorate, which shows the imma- a cycling race in South China’s Hain- team, with the CCA expected to take and started to approach another staff turity of Indian officials, Hu said. an Province, the Chinese Cycling As- further action, the release said. member before police intervened. He added that India is also envious over US sociation (CCA) said on Monday after A CCA employee told the Global “The CCA holds zero tolerance to- President Donald Trump’s forthcoming visit to it decided to impose more serious Times on Monday that they are still ward any uncivilized behavior or vio- China, so it tries to hype the “border issue” in punishment. investigating the case, but declined to lence and has asked all cycling teams, order to do some “petty action.” “But China will During the Stage 7 of the Tour of give further details. be they Chinese or international, to remain restrained,” he said. Hainan on Friday, some employees A video posted online purport- follow disciplinary rules,” the CCA One June 18, Indian troops illegally crossed and riders from the Keyi Look team edly shows Wang falling down from statement said. the border and trespassed into Chinese territory attacked people from a Swiss team his bike after making contact with The Swiss Embassy in Beijing in Doklam. car after the car allegedly made Keyi’s the Swiss team car. Wang jumped made no comment on the incident as rider Wang Xin fall during the race, and hurled a water bottle at the car. of press time. Page Editor: according to an official statement -re Another video claims to show Wang [email protected] leased by CCA on Saturday. attacking the Swiss team staff, knock- Global Times 4 Tuesday November 7, 2017 NATION Up up and away China’s rockets for the new age broaden space development

By Zhang Qiyong The Long March 2C, China’s new generation of carrier rock- ets, will carry a new aircraft aloft in 2018 and an expert said it is of major significance for China’s space development. The new aircraft, a Yuan- zheng-1S, is able to carry differ- ent types of satellite into orbit. A couple takes selfies during a group Its design work was finished wedding on Monday when 100 couples in March, so it can be used were invited to board hot-air balloons for Sun-synchronous orbital for a grand airborne group wedding missions next year, the China during the 2017 World Fly-In Expo Academy of Launch Vehicle (WFE) at the Hannan General Aviation Technology (CALVT) said on its Airport in Wuhan, Central China’s Hubei Province on Monday. The website. wedding ceremony broke the national The Yuanzheng-1S is a sim- record for “hot-air balloon weddings.” pler commercial version of the Photo: IC Yuanzheng-1 and is used for short missions and mid-to-low- Earth orbit, Wang Mingzhe, a research fellow from the Bei-  jing Institute of Astronautical Surgeon insufficiency hinders transplantation moves Systems Engineering said on the CALVT release. Yuanzheng-1, dubbed the “space shuttle bus,” has been China 2nd in organ donations launched into the earth orbit by the Long March-7, Wang Xiao- jun, chief commander of the Long March-7 program, told a By Bai Tiantian and Li Ruohan quoted Cao Huaijie, the executive deputy News Service reported. press conference, the Xinhua director of the China Organ Donation Ad- The country’s organ donation ratio News Agency reported in June The total number of cases of organ dona- ministrative Center, as saying that the total reached to 2.98 per 1 million people in 2016 2016. tion in China reached 14,000 by the end number of organ donors in China reached from 0.03 in 2010, although the figure still China has developed 3 upper of October, but, now, an insufficiency of 14,000 by the end of October. lags behind that of developed countries. stages for carrier rockets – the surgeons has hindered the country in its This helped China rank second in the Shen Ji, the head of the Sichuan Health Yuanzheng-1, Yuanzheng-1A, organ donation and transplantation moves, world in annual organ donations and the and Family Planning Commission, has and Yuanzheng-2, Xinhua re- according to a senior health official. country may become the first in only two pointed out that less than one fifth of the ported. Huang Jiefu, a former Chinese vice-min- years, Huang added. people needing an organ transplant can get “The upper stage has the ister of health and current head of the Na- The business of organ transplants got one, China News Service reported. ability to send satellites into or- tional Human Organ Donation and Trans- off to a relatively late start in China, with “We have to continue publicizing the bit, especially medium-to-high plant Committee, told the Global Times on the first taking place in the 1970s. None- importance of organ donation to the Chi- orbits. It is an independent Monday that the country did only 264 lung theless, the number of donations in China nese public,” Shen said. module that can be loaded on transplants last year with more than 8,000 hovered around zero until 2003. Yang Hongji, a surgeon from the Sich- different carrier rockets,” Song lung donations available. China introduced reforms to the organ uan Provincial People’s Hospital, said that Zhongping, a Phoenix TV com- Huang said that a shortage of qualified donation system and banned the use of China’s organ donation publicity campaign mentator and military expert, transplant surgeons has stalled the coun- prisoners’ organs in 2015, a move that was needs to expand to rural and remote areas told the Global Times on Mon- try’s organ donation reforms. He also noted praised by international organ donation as well. day. that “China has made remarkable progress and transplant groups, as well as the WHO, “Governments at various levels need to The upgraded Yuanzheng- in organ donations in recent years. But, it and Pope Francis. get more active in introducing the idea of 1A has far greater ability than still needs to work on [the lack of] funding, China now has more than 330,000 organ donations to the public,” Huang said, the Yuanzheng-1, with an ex- its ongoing medical care reforms and its registered organ donors and more than adding that “contrary to the old perception, tended flight time of from 6.5 shortage of qualified doctors.” 30,000 people who suffered organ failure many organ donors come from rural fami- hours to 48, and its main en- The China News Service on Tuesday and got an organ transplant, the China lies.” gine can start nine times and can unload cargo seven times, compared with the older model that could carry one load and Second children account for 50% of babies in Fujian start its engine twice. The Yuanzheng-2 has two engines and greater ability in The number of second children in 2016, while the number in the report said. NHFPC figures show that orbit transfers. born in East China’s Fujian 2014 and 2015 were 45.5 per- China allowed couples to 18.5 million babies were born “It now seems that the four Province in 2016 accounted cent and 49.4 percent respec- have two children from 2016, in hospitals in 2016, the high- Yuanzheng upper stage rock- for 50.6 percent of all newborn tively, Fujian Evening Post re- ending the one-child policy era est since 2000 and 1.3 million ets can meet different mis- children that year, beating out ported. after almost 40 years. more than for 2015, with about sion needs and future designs the total number of first chil- This number of second Nationwide, from January 45 percent of them having an will focus on improving them dren, or third, or more, local children has put a burden on to August of this year, about older sibling, the Xinhua News even more,” Wang said in the media reported on Monday. local maternity hospitals, for 52 percent of the 11.6 million Agency reported. CALVT report. Data from the Fujian Pro- example, at the Provincial Ma- babies born have an older sib- This systematic develop- vincial Health and Family ternal and Child Health Care ling, said Wang Peian, deputy Global Times ment of the upper stage of Planning Commission showed Hospital, which saw more than head of the National Health and the rocket has helped with the the rate of second children 7,000 babies delivered so far Family Planning Commission Page Editor: versatility of the carrier rocket, [email protected] among new born babies in this year, a 2-percent increase (NHFPC), in a demography fo- making it suitable for mid-to- Fujian reached to 50.6 percent over the same last year period, rum on Monday in Beijing. high orbits, Song commented. 7 2 0 1

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esidents of southern Xinjiang’s Abliz Metyusup, manager of Xinji- nate poverty with the local govern- other official with the village. Hotan Prefecture have been ang Nakixwan Hand Carpet Develop- ment’s assistance. Rweaving carpets for at least ment Co., Ltd., said the gross output Jelili Obulqasim, 58, has been grow- Going nationwide 2,000 years, but the ancient craft has of his company in 2016 reached ing roses for more than a decade, and The roses will be used for making created a new opportunity for villagers, more than 28 million yuan, provid- earns a good living making and selling rose jam, a popular food in Hotan, and especially women, to bring themselves ing employment for more than 600 rose jam. will also be processed into rose oil and out of poverty. women. Ten percent of its products However, Obulqasim is an excep- related products, which are expected to Sahipjamal Tursunniyaz, 30, are exported to Australia, Britain, the tion in his village. Of the 1,700 villag- be sold across the country, He said. learned traditional Hotan carpet weav- United States and Germany. ers, more than 65 percent have annual Villagers from 300 households ing from her mother when she was 18. The company also built three kin- incomes below 3,000 yuan. planted wheat by early October and But it was not until two months ago dergartens for the employees to pro- Masim Qapar, Communist Party will plant rose seedlings, provided by that she began to make silk carpets, vide free education for their children. secretary of the village, blames the the local government, a month later. a finer handicraft than the traditional So far, the prefecture has 157 poverty in the village on the lack of He said in the future they will work rugs. carpet factories, which have provided arable land. She said everyone in the with neighboring villages and factories “I can earn 4,000 yuan ($600) for 120,000 jobs for locals. Women ac- village grew roses 20 years ago, but to produce rose products and develop each square meter of handmade silk count for 95 percent of the employees. villagers preferred to grow other crops tourism by expanding farms to attract rug,” said Tursunniyaz. Although it Local governments have also so they would have enough food for visitors from nearby cities. takes a month and a half to complete provided more than 10,000 carpet themselves. Thanks to a series of poverty al- a square meter of silk carpet, it helps stands for impoverished households to At the beginning of this year, a leviation measures in recent years, the Tursunniyaz increase her income. encourage them to produce carpets. group of officials and experts carried number of impoverished people in Tursunniyaz works at a local carpet out surveys in the village, and ulti- Xinjiang Uygur Autonomous Region factory in Hotan. Many other women Flower power mately reaffirmed the feasibility of had dropped from 2.6 million in 2013 in this district have improved their liv- Villagers in Yaprak, a small village growing roses. to 1.2 million by the end of 2016. ing standards through rug weaving. in Hotan, are exploring ways to elimi- Experts have made a tailored pover- “We have the confidence and the ty alleviation plan for the village: plant methods to lift the remaining impov- wheat and roses at the same time. erished households out of poverty by  Ancient handicraft brings new “Since planting roses does not 2020,” said Niu Xuexing, Party chief generate profits for the first two years, of Hotan, during the 19th National opportunities for women in Xinjiang we encourage villagers to plant wheat Congress of the Communist Party of and roses together. The harvested China. wheat can ensure villagers’ basic liveli- China has set 2020 as the target to hood, while from the third year on, complete the building of a moderately roses will bring profits so they don’t prosperous society, which requires the need to plant wheat anymore,” eradication of poverty. explained He Wei, an- As of the end of 2016, there were 43.35 million Chinese living PATH OUT below the national poverty line. OFPOVERTY Xinhua

Residents in Aksu, Northwest China’s Xinjiang Uyghur Autonomous Region, make traditional embroidered hats and clothes on May 3, 2016. As part of a local tourism festival, the city held an ancient handicraft exhibition, demonstrating many handicrafts with distinctive local features. Photo: IC

Beijing smothered by heavy pollution ahead of expected cold snap

Heavy pollution peaked on on the streets in the capital. The National Meteorologi- the most serious, followed by less wind and increased emis- Monday in the region around A resident in Chaoyang cal Center (NMC) on Sunday orange, yellow and blue. sions from heating sources. Beijing in northern China but district told the Global Times issued a yellow alert for heavy Meanwhile, a cold front will Aside from enforcing rigorous is expected to be dispersed by a that she had barely opened the fog in northern, eastern and sweep across northern China environmental regulations, cold front on Tuesday night. windows in the last few days southwestern China, including in the next three days, bringing authorities are speeding up re- The air quality index (AQI) and has been using an air puri- Beijing. In some of those re- falling temperatures, rain and search into the causes of smog reached 201 at 10 am in fier in her bedroom. gions, visibility may fall below snow, the national observatory to find effective solutions, Beijing, suggesting heavy air From Saturday to Wednes- 200 meters, Xinhua reported. said Saturday, said Xinhua. according to Xinhua. pollution, according to statis- day, severe air pollution swept The NMC suggested that The cold front is expected to tics provided by the Ministry the Beijing-Tianjin-Hebei residents take precautions to disperse the heavy smog from Global Times of Environmental Protection region and nearby provinces, ensure traffic safety. Tuesday. (MEP). according to a notice the MEP China has a four-tier color- Air quality usually worsens Page Editor: caosiqi@ The Global Times observed sent to the Global Times on coded warning system for in late autumn and winter in globaltimes.com.cn many people wearing masks Thursday. severe weather, with red being northern China due in part to 7 WORLD Tuesday November 7, 2017 uStill red Suspects named in Kim Jong-nam murder trial

Four men suspected of plotting with two women to murder the North Korean leader’s half-brother were Monday named by police as North Koreans who fl ed Malaysia after the assassination in Kuala Lumpur. They were identifi ed at the trial of Indonesian Siti Aisyah and Vietnamese Doan Thi Huong, the women accused of killing Kim Jong-nam on Feb- ruary 13 with nerve agent VX at Kuala Lumpur International Airport in a hit that stunned the world. The pair pleaded not guilty to murdering Kim when the trial began on October 2. They say they were tricked into believing they were taking part Communist party supporters with in a prank for a reality TV show and their lawyers red fl ags and a fl ag with a portrait of have blamed North Korean agents. revolutionary leader Vladimir Lenin The charge sheet says four other individuals walk during a parade marking the still at large are suspected of murdering Kim 100th anniversary of the Russian Revolution in Moscow’s Red Square, along with the women, but does not identify Russia on Sunday. Photo: IC them. On Monday Wan Azirul Nizam Che Wan Aziz, the main investigating offi cer, testifi ed to the Shah Alam High Court outside Kuala Lumpur u that the four were North Korean men who fl ed Blacklist of worldwide tax havens looks likely Malaysia after the murder. EU fi nance ministers to meet AFP Saudi anti-corruption after ‘Paradise Papers’ leaks investigation widens

EU fi nance ministers are set to dis- so-called Panama Papers or Luxem- companies from putting money in An anti-corruption probe that has purged Saudi cuss setting up a blacklist of world- bourg Leaks, the EU discussed sev- those jurisdictions. Arabian royals, ministers and businessmen wide tax havens on Tuesday, offi cials eral measures to crack down on tax Some EU countries remain scepti- appeared to be widening on Monday after the said, after leaked documents from an avoidance, including an EU-wide list cal about the blacklist and are them- founder of one of the kingdom’s biggest travel off shore law fi rm exposed new high- of tax havens meant to discourage the selves under scrutiny for unfair tax companies was reportedly detained. profi le cases of tax avoidance. rerouting of profi ts made in the EU competition. The Saudi stock index was down 1.1 percent in The decision to include the sub- to tax-free or low-tax countries, like Smaller EU states, like Luxem- early trade, and Al Tayyar Travel plunged 10 per- ject in the monthly meeting’s agenda Panama or Bermuda. bourg, Malta and Ireland, attract cent in the opening minutes after the company came after the publication over the At the moment, each EU country fi rms with lower corporate taxes. quoted media reports as saying board member weekend in several media of the so- has its own list of jurisdictions that Some have been sanctioned for deals Nasser bin Aqeel al-Tayyar had been held by au- called Paradise Papers, a trove of are seen as less cooperative on tax with multinationals that slashed their thorities. The company gave no details but online leaked fi nancial documents mostly matters. Criteria to defi ne a tax ha- tax bills reducing revenues in other economic news service SABQ reported Tayyar from law fi rm Appleby that exposed ven vary greatly among EU states and EU states. had been detained in an investigation by a new dealings with tax havens by top public some of them include no jurisdic- To win over their resistance, the anti-corruption body. fi gures. tions in their national blacklists. proposed EU blacklist would apply Dozens of people have been detained in the EU countries had planned for An EU blacklist is believed to carry only to non-EU countries. Also, states crackdown, which has consolidated Prince Mo- months to reach an agreement on more weight. Jurisdictions included which charge no corporate taxes will hammed’s power while alarming much of the a blacklist for tax havens by the end in the list could be subject to sanc- not be automatically considered tax traditional business establishment. Billionaire of this year and the new revelations tions if they did not cooperate. havens, under a preliminary deal Prince Alwaleed bin Talal, Saudi Arabia’s best- prompted an earlier discussion on There are no details yet of the reached by EU fi nance ministers last known international investor, is also being held, the subject, EU offi cials said. type of sanctions to be discussed, year. offi cials said at the weekend. In the wake of earlier revelations although being on the blacklist in it- on widespread tax dodging, like the self could discourage individuals and Reuters Reuters Britain’s May urges ‘culture of respect’ after a series of sex scandals

UK’s Prime Minister Theresa tion of British Industry ahead of our public life,” May said. “Of course, people can be gized for making women feel May on Monday called for a of a closed-door meeting be- She said the new culture friends with their colleagues “uncomfortable.” “culture of respect” in Britain’s tween May and party leaders, should be “one in which every- and consensual relationships One change that has been parliament as she prepares to she said she wanted “a new, one can feel confi dent that they can develop at work – this isn’t mooted is to make MPs’ staff hold cross-party talks on how common, robust and indepen- are working in a safe and se- about prying into private lives,” direct employees of parliament to crack down on sexual abuse dent grievance procedure for cure environment, where com- she said. rather than of the politicians after a slew of scandals. parliament.” plaints can be brought forward On Friday, May announced themselves – an anomaly that About a dozen MPs from Defence secretary Michael without prejudice and victims a new code of conduct for the has made some harassment both May’s Conservative Party Fallon resigned last week and know that those complaints will Conservative Party – under victims reluctant to come for- and the main opposition La- First Secretary of State Damian be investigated properly.” which several MPs were re- ward. bour Party have been accused Green, May’s deputy, is under But she also said “people’s ferred for investigation this of harassment in recent days investigation by the govern- careers cannot be damaged by weekend. AFP and the government has admit- ment over the claims, some of unfounded rumors circulated Two Labour lawmakers have ted serious failures in reporting which date back several years. anonymously online” after also been suspended, another Page Editor: wangbozun@ procedures. “We need to establish a new many claims made via social is facing an investigation by the globaltimes.com.cn Speaking to the Confedera- culture of respect at the centre media. party and a fourth has apolo- 8 Tuesday November 7, 2017 WORLD  Aussie PM seeks to defuse political crisis Going for a second term Turnbull to force MPs to declare citizenship

Australian Prime Minister later after confirming he also push the changes through par- Malcolm Turnbull announced had dual nationality. liament in the last remaining plans on Monday to force all Turnbull said his plan would sitting days this year. lawmakers to declare they are put the onus on lawmakers to Turnbull has said previously not dual nationals as he seeks check their own situation and that the court’s interpretation to defuse a political crisis that anybody found to have made of the constitution was “very saw his deputy ejected from a false declaration would be in strict.” He has flagged poten- parliament. contempt of parliament. Law- tial changes to the constitution, Turnbull’s center-right coali- makers will be required to pro- noting that more than half of tion government was thrown duce documents to prove any Australia’s population of 24 into disarray last month when second citizenship has been million was either born over- the High Court ruled that five renounced. seas or has a parent who was lawmakers who were dual “Members and senators born overseas. A referendum nationals, including Deputy have been put squarely on no- would be needed to change the Prime Minister Barnaby Joyce, tice now and so they will be constitution. were ineligible for parliament. turning their mind to their own All seven lawmakers in the The Australian leader has affairs and the issues of citizen- High Court case, two of whom been facing down calls since for ship,” Turnbull told reporters were cleared to remain in par- a full audit of parliamentarians in Canberra. liament, accepted that they to ensure they comply with the The new laws would apply were dual nationals at the time country’s constitution, which to both existing and prospec- of their election but claimed bars foreign nationals from sit- tive lawmakers. Those already they were unaware of their sta- ting in parliament to prevent in parliament would be given tus. split allegiances. 21 days to make a declaration The High Court ruling ex- from the date it comes into Reuters Honduras President Juan Orlando Hernandez speaks at a pelled three members of the force, while new lawmakers campaign rally in Tegucigalpa on Sunday. Hernandez’s bid for Liberal-National coalition gov- would have the same period of Page Editor: re-election in the November 26 polls was made possible by the wangbozun@ supreme court two years ago which overturned a constitutional ernment from parliament, time from their swearing in. globaltimes.com.cn while a fourth resigned days Turnbull said he hoped to one-term limit for presidents. Photo: AFP Tuesday November 7, 2017 9 WORLD Aftermath of Damrey Louvre Abu Dhabi gears up for launch

More than a decade in the making, the Louvre Abu Dha- bi opens its doors this week, bringing the famed name to the Arab world for the first time. French President Emman- uel Macron is set to attend the Wednesday inauguration on his first visit to the United Arab Emirates since taking office. For the next 10 years, 13 of France’s top museums will lend works to the UAE at their discretion and for a maximum of two years each. The museum has some 300 pieces on loan, including an 1887 self-portrait by Vincent van Gogh and Leonardo da Vin- ci’s La Belle Ferronniere. The oil-rich emirate, which has made no secret of its push on soft power, has also spent years quietly building its own Rescuers look for missing people near a fishing boat pushed ashore on a beach in central Binh Dinh Province, Vietnam on Sunday permanent collection. following the passage of Typhoon Damrey. The weather system hit just days before Vietnam welcomes world leaders to the APEC The Louvre Abu Dhabi is dis- meeting in Da Nang and has left several areas totally submerged in the worst flooding in years.Photo: AFP playing more than 250 works of art from the Emirati collection, including Edouard Manet’s The  Gypsy and works by Dutch ab- 600 men barricaded in facility, with no power, food, water stract artist Piet Mondrian and Turkey’s Osman Hamdi Bey. The UAE government is pro- moting the museum as the first PNG court to rule on Manus camp of its kind, a 23-gallery “muse- um city in the sea” on Saadiyat Island off the Abu Dhabi coast. The main focus, however, is A Papua New Guinea (PNG) PNG Supreme Court to order – who include refugees and ers said each detainee had bare- on world history and religions. court is set to decide on Tues- authorities to immediately re- asylum seekers from Iran, Af- ly enough food for one meal Among the exhibits are a day whether authorities in the store food, water and electricity ghanistan and Myanmar – in and that the supply line had sixth century Koran, a gothic Pacific nation should restore to the camp, citing heightened the processing center where since been closed. Bible and a Yemeni Torah fac- power, food and water to an fears for the men’s welfare, sev- the last food distribution was “Today, the navy positioned ing each other, open at verses Australian-run immigration eral of whom require medical on October 29. personnel close to the beach carrying the same message. detention center where nearly treatment. A court timetable “Saving lives should be the to prevent any boats getting Jack Lang, who was France’s 600 men have barricaded seen by Reuters shows the rul- top priority. Starvation should through. We have been sur- culture minister when the Lou- themselves for almost a week. ing is due Tuesday. not become a tool of deter- rounded by navy personnel de- vre in Paris received its con- The men in the Manus “The men really need food rence,” UNHCR spokesperson termined to stop boats coming troversial pyramid, said the Island facility have defied at- and water. They are severely Babar Baloch told Reuters in too close,” Behrouz Boochani, Abu Dhabi museum would be tempts by Australia and PNG to dehydrated and a number of Geneva. one of the men at the camp, “much more universal than the close the camp, saying they fear them have pretty serious health Food remains extremely told Reuters. Louvre in Paris.” violent reprisals from the local problems such as heart issues,” tight despite locals delivering Representatives for PNG’s “It is a chance to open the community if they are moved Elaine Pearson, director of Hu- some supplies over the week- minister for immigration did idea of a museum to different to other “transit centers” on the man Rights Watch told Reuters. end via boat to the rear of the not immediately respond to a continents and different civili- island. The UN refugee agency camp, three asylum seekers request for comment. zations,” he said. Lawyers for the asylum seek- UNHCR also voiced deep con- told Reuters. ers on Monday applied to the cern for the welfare of the men However, the asylum seek- Reuters AFP Bonn talks test global resolve to fix climate as Trump promotes fossil fuels

Governments will try to bolster a 2015 there is no time to waste,” he said in a are wide uncertainties about how far role in the economy, especially in emerg- pact to combat climate change at annual statement on Sunday outlining his goals. Washington will balance Trump’s ing economies such as China and India. talks in Germany from Monday strained Delegates will work on a detailed pro-coal agenda with the conference’s The International Energy Agency says by President Donald Trump’s plan to “rule book” to help guide the 2015 Paris goals. coal supplies a third of all energy used pull out and instead promote the US climate accord, which set a goal of end- Thomas Shannon, a career diplomat worldwide. coal and oil industries. ing the fossil fuel era this century by who once called climate change “one On Monday, the UN’s World Meteo- Fiji’s Prime Minister Frank Baini- shifting to renewable energies such as of the world’s biggest challenges,” will rological Organization said 2017 is on marama, who presides at the Novem- wind and solar power. head the US delegation. A US official track to be the hottest year on record ber 6-17 talks of almost 200 nations in But Trump doubts that human ac- said Shannon currently planned to give except for two warmed by El Nino phe- Bonn, says he wants more urgent action tivities are the main cause of climate no interviews. nomena. to cut greenhouse gases as part of the change – a finding endorsed most re- Thousands of people demonstrated 195-nation Paris Agreement. cently by US scientists in a report on Fri- against coal in Bonn on Saturday with Reuters “The human suffering caused by day – and said in June that he would quit banners saying “Protect the climate: stop intensifying hurricanes, wildfires,the Paris pact. coal.” Organizers estimated that 25,000 Page Editor: droughts, floods and threats to food se- A formal pullout will take until No- took part, while police put the number [email protected] curity caused by climate change means vember 2020 and delegates say there at 10,000. Globally, coal still plays a big 10 Tuesday November 7, 2017 WORLD TEARS FALL ON TEXAS

Mourners attend a candle light church service mass shooting which kills 26 at a  vigil on Sunday after a mass shooting at the First Baptist US mourning once again over Church in Sutherland Springs, Texas. Photo: VCG

gunshot wounds. Four were transferred to San Antonio. he United States was in mourn- Trump vows ‘full support’ Ting on Monday after a Police formed a perimeter around the gunman wearing a bulletproof vest opened Law enforcement later found Kelley dead area while tearful relatives and neighbors fire with an assault rifle on the congrega- in his car, which had crashed on the Wilson- stood outside, nervously awaiting news tion of a small-town Texas church, killing Guadalupe county line. It was not clear if from inside the traditional white-frame 26 people and wounding 20 more in the he had killed himself or was shot by the church. nation’s latest shooting massacre. resident who had confronted him. Agents from the FBI and the Bureau of President Donald Trump said the nation Alcohol, Tobacco, Firearms and Explosives was living through “dark times” but that Multiple weapons were headed to Sutherland Springs, the guns were not to blame for Sunday’s car- Multiple weapons were found in the car, agencies said. nage, which came just five weeks after the which was processed by bomb technicians. Trump called the “horrific shooting” an worst mass shooting in modern US history. “We have multiple, multiple crime “act of evil,” ordering that flags be flown at “I think that mental health is your prob- scenes. We have the church, outside the half-staff at the White House and federal lem here,” said the US president, speaking church. We have where the suspect’s vehicle buildings. in Tokyo as part of his Asia tour. “This was a was located,” said Martin. “Our hearts are broken, but in dark times very – based on preliminary reports – a very “We have been following up on the – and these are dark times – such as these, deranged individual.” suspect and where he’s from. We have Texas Americans do what they do best: we pull “This isn’t a guns situation,” Trump Rangers at all the hospitals locating those together,” he said. insisted, calling it “a mental health problem and interviewing those who were injured.” Though he said “it’s a little bit soon to go at the highest level.” “There are so many families who have into it” – as in renewed calls for gun control The victims, who ranged in age from five lost family members. Fathers, mothers, – the president promised his administra- to 72, were gunned down at First Baptist sons, and daughters,” Governor Greg Ab- tion’s “full support” for the investigation. Church in Sutherland Springs, a rural com- bott said, warning the toll could rise. As with many other previous shootings, munity of some 400 people 30 miles (50 “The tragedy, of course, is worsened by Democrats pointed to the latest tragedy kilometers) southeast of San Antonio. the fact that it occurred in a church, a place to highlight the need for gun control, a The gunman, widely identified as Devin of worship, where these people were inno- hot-button issue in a country that holds the Kelley, 26, was described by authorities as cently gunned down. We mourn their loss, right to bear arms as almost sacred. a young white male who was found dead in but we support their family members.” In denouncing the “act of hatred,” his vehicle after being confronted by a local The wounded had been transported to Trump’s predecessor Barack Obama said: resident. various hospitals with “injuries that varied “May God also grant all of us the wisdom The Air Force said Kelley served at a from minor to very severe,” Martin said. to ask what concrete steps we can take to base in New Mexico starting in 2010 before The dead included the 14-year-old daugh- reduce the violence and weaponry in our being court-martialed in 2012 for allegedly ter of Pastor Frank Pomeroy, the church midst.” assaulting his wife and child. leader told ABC News. The shooting comes just over a month He was sentenced to 12 months in Annabelle Renee Pomeroy “was one very after a gunman in Las Vegas fired down confinement and received a “bad conduct” beautiful, special child,” said her father, who from a hotel room on to an outdoor concert, discharge, Air Force spokeswoman Ann Ste- had been in the neighboring state of Okla- killing 58 people and wounding hundreds. fanek told AFP. He was discharged in 2014. homa at the time of the shooting, and drove It was the deadliest mass shooting in mod- Dressed all in black, Kelley fired outside back to Texas after the tragedy. ern US history. the church before entering the building and Other victims, some of whom were A little more than two years ago, white continuing to spray bullets, said Freeman evacuated by helicopter, included a six-year- supremacist Dylann Roof entered a his- Martin, regional director of the Texas De- old boy named Rylan who was in surgery torically black church in Charleston, South partment of Public Safety. after being shot four times, his uncle told Carolina, and shot nine people to death. “As he exited the church, a local resident CBS News. A two-year-old was also shot grabbed his rifle and engaged that suspect. and wounded, The Dallas Morning News AFP The suspect dropped his rifle, which was a reported. Ruger AR assault-type rifle, and fled from A spokeswoman for Connally Memorial Page Editor: the church. Our local citizen pursued the Medical Center in nearby Floresville said zhangxin@ globaltimes.com.cn suspect at that time,” Martin said. the hospital received eight patients with Tuesday November 7, 2017 11 MOSAIC

Trump dump delights uAlone in the crowd Court hears appeal in peckish Japanese fi sh, case of man’s death outrages Twitter after elevator argument US President Donald Trump A city appeals court in Henan sparked a feeding frenzy on Province has taken on a contro- social media Monday when he versial wrongful death lawsuit was photographed dumping against a doctor fi led by the rel- a box of fi sh food into a pond ative of a man who died after of koi carp during his trip to they had a heated argument in Japan. an elevator about his smoking. Trump and his Japanese The Zhengzhou Intermedi- host Shinzo Abe began by del- ate People’s Court on Wednes- icately spooning out the food day heard the case fi led by the into the pond to the waiting family of the man, whose name koi, which had been rounded has not been released. up by a clapping Japanese aide. The man had died of a heart The US leader apparently attack in May after an argument lost patience with this method with the defendant, Yang Huan, and upended his entire wood- a licensed doctor, asked him to en box into the pond. stop smoking in the elevator. US Secretary of State Rex Zhang Yong, the man’s son- Tillerson appeared to break in-law, had sought 400,000 out in laughter at his boss’s yuan ($60,318) from a lower approach to koi feeding. court, claiming the argument But some uncharitable Twit- had played a role in triggering ter users were less forgiving, the heart attack. with several writing, “Trump When the Jinshui district can’t even feed fi sh right.” Tourists line up for a daredevil selfi e sat overlooking the water at Trolltunga, Norway. People are court ordered Yang to pay the willing to hike for six hours and wait in line for up to three more for a photo that gives the illusion family 15,000 yuan on Septem- AFP of splendid isolation, as this photo taken by Kenneth Warvik, from Oslo, shows. Photo: IC ber 4, Zhang fi led for an appeal. Surveillance footage from inside the elevator May 2 shows the elderly man smoking when Yang Huan entered. Baby thrown from bridge, survives Yang, a licensed doctor, said he warned the man of the dangers of smoking and sec- A man detained for tossing an infant baby old girl across a bridge in Pingdingshan who was able to resuscitate the baby. ond-hand smoke. An argument off a bridge and into a river told police on Friday afternoon when the suspect She was later taken to Ge’s hospital, ensued, and the two exited on he sometimes gets “strange ideas,” The snatched the infant from her arms and where she is recovering, nurses said. the ground fl oor. Mirror reported Monday. threw her into the river six meters below Qin was apprehended the next day. Property management tried The suspect surnamed Qin, 28, was before running from the scene. When asked why he threw the baby, to settle the dispute. Soon after, captured on Saturday in Henan Province Fortunately, she was rescued by two Qin replied, “Sometimes I’ll have these the elderly man was struck by a for what appears to be a random attack. nearby men. Among her rescuers was a strange ideas,” Pear Video reported. severe heart attack and passed. The baby’s mother, surnamed Liu, told man surnamed Ge, a surgeon at Ping- police she was walking with her 2-month- dingshan The Second People’s Hospital, The Mirror/Pear Video Beijing Youth Daily

Paintings by Indian elephant auctioned off in Hungary Human or canine? Suspect Paintings created by an Indian ele- herself, done by a Hungarian painter, a shaving brush, was given a paint- says ‘give me a lawyer dog’ phant who enjoys wielding a brush sold for 260,000 forints. The money brush and she quickly adapted her When suspect Warren Demesme told New were auctioned off by a Hungarian will be off ered to an elephant sanctu- skills to the canvas. Orleans police to “just give me a lawyer dog,” he traveling circus on Saturday. ary in Malaysia. “I praise her by saying ‘oh this is thought he was exercising his right to counsel, Three of 42-year-old elephant San- Sandra paints with her trunk really good, or not so good’,” Richter albeit with a touch of slang. dra’s abstract canvasses, with colored purely for pleasure, according to her said. “We have been together for 40 Unfortunately, neither detectives nor the Loui- lines fl owing across them resembling owner and trainer Florian Richter, a years so this is a family connection,” siana Supreme Court saw it that way. rivers, fetched about 40,000 forints horse acrobat and circus director. Richter added. The court ruled offi cers were not required to ($150) each. Sandra, who was already well stop interviewing the 22-year-old over alleged A painting depicting Sandra practiced in a circus trick involving Reuters child sex off enses, as there was a possibility he was asking for representation from an actual dog uGold medal goldfi sh – meaning it was apparently not clear he wanted a human lawyer. Pictured is According to the court, police do not have to the winner stop questioning if a suspect “makes a reference of the forth to an attorney that is ambiguous or equivocal in annual that a reasonable police offi cer (...) would have un- “Most beau- derstood only that the suspect might be invoking tiful goldfi sh his right to counsel.” competition” In this case, the court ruled Demesme’s use of held in Wu- han, Central the slang word “dog” was open to interpretation. China’s Hu- “In my view, the defendant’s ambiguous and bei Province equivocal reference to a ‘lawyer dog’ does not on Sunday. constitute an invocation of counsel that warrants The champi- termination of the interview,” Associate Supreme on is valued Court Justice Scott Crichton said in a concurrence at the price published in late October. of an iPhone Prosecutors told the Washington Post De- X, or at least mesme – charged with aggravated rape and 8,388 yuan. indecent behavior with a juvenile – went on to ($1,264) make incriminating statements during the Octo- Photo: IC ber 2015 interview.

AFP

Page Editor: [email protected] 12-13 Tuesday November 7, 2017 INDEPTH

Chinese and US national flags ○ Every day, there are 14,000 people traveling Group, in 2017, 73 percent of all overseas build a community with a shared future for logistic base in Djibouti.” flutter at Tiananmen Square in between China and the US Chinese students tended to go back to “An increase in friction mankind.” In Xi’s report, the leader 2009. Photo: VCG ○ Over 50 percent of all Chinese students who China to start careers. Many American Chi- between China and the “With joint efforts, a community with a said, “China will never pursue plan to study abroad tend to choose American nese are also deciding to return to China for shared future between China and the US development at the expense Scan to read and share schools new careers in this new era. US, be it economic or can also be built,” Chu said. “After the US of others’ interests, nor will story on your phone ○ Experts say China’s relationship with a prag- Jeremy Dai, 23, an MBA student from complained about market access, China China ever give up its matic Republican government is better than at the School of Economic Management security, is normal, but made more efforts. The best example is Ali- legitimate rights and other times (SEM) at Tsinghua University and also a baba founder Jack Ma’s idea of cross-border interests. No one third-generation Chinese immigrant in the it’s not always bad for the electronic commerce. With the assistance of should expect us to US, told the Global Times that at his school, both sides.” Chinese enterprises like Alibaba, millions swallow anything By Yang Sheng more than one-third of all international stu- of small and medium-sized US companies that undermines dents are Chinese with a “foreign national- will have an opportunity to access China’s our interests.” ivian Liu, 24, an undergraduate ity,” primarily Chinese Americans. Chu Yin markets.” In the past five student in Beijing, was standing in a “They are not ordinary students; they associate professor at the University of On June 20, Chinese online sales giant years, China has Vlong queue outside the US embassy have very impressive educations and work International Relations Alibaba held a summit in Detroit, Michi- become more con- in Beijing Friday to obtain a US visa in the backgrounds. They all graduated from Ivy gan. The summit was designed to educate fident about using hopes of attending Columbia University on League universities and have worked at top US small- and medium-sized enterprises its military deter- a master’s degree program. US companies,” Dai said, explaining that make trade ties more balanced. It requires on the market and consumer demands rence to safeguard Liu is among the hundreds of Chinese the reasons why they move to China are a joint effort. A balanced trade relationship within China, and to convince small Ameri- its interests and people who queue outside the US embassy due to the country’s great economic poten- between China and the US will also benefit can businesses that Alibaba can help them sovereignty, Song said. every working day, applying for a visa that tial as well as “the ceiling” against Chinese the world economy, and Trump’s visit in sell to China while also creating one million “In the past, China will allow them a chance to go to the US. Americans within US companies that limits November could be a good opportunity jobs in the US over the next five years. mainly relied on diplomatic The goings and comings between China their professional progress. to achieve breakthroughs for a win-win “This means, in the US, the people who measures, but now and in the fu- and the US has been increasing year on result,” An added. support Sino-US friendship will see more ture, with its strengthening military year. It is reported that, every day, there are Boosting bilateral trade success, not just those business elites who capability, China will use comprehen- on average 14,000 people traveling between In this new era, trade ties between China Friction and interdependency do business with China, but also millions sive measures. The US needs to get used the two nations. and the US are also smoother and more A more intertwined relationship be- of ordinary people. And when millions of to this kind of change and build mutual In the work report of the 19th National interdependent, as China is becoming tween China and the US also means more people benefit from China’s market, the respect with us,” noted Song. Congress of the Communist Party of China, increasingly important to the US. friction. Chu Yin, an associate professor at China threat theory can no longer stand,” Song added that the US should realize Xi Jinping, general secretary of the CPC The US, however, tends to constantly ex- the University of International Relations, Chu stressed. that China’s increasing military presence Central Committee and Chinese President, press its unhappiness about “unbalanced” pointed out that, “An increase in friction overseas is for safeguarding China’s inter- declared that China has entered a “new trade ties with China. Before Trump’s between China and the US, be it economic Mutual respect ests, not to harm the US and any era.” recent visit, trade tensions between the or security, is normal, but it’s not always Apart from economic and trade issues, other country’s interests, which Experts say that Sino-US relations have world’s two largest economies began to heat bad for the both sides.” the US also has high expectations for China will contribute to global security. also entered a new era as a result of the nu- up, with Trump calling the US trade deficit “Because more friction means the two to solve its security problems, especially “In the US, there are voices sug- merous changes taking place between these with China “embarrassing” and “horrible” countries are engaging in more areas, and the Korean Peninsula nuclear crisis, CNBC gesting deeper Sino-US security co- two great powers over the past five years. on Wednesday, US financial broadcaster during the problem-solving process, the two reported. operation, rather than confrontation, and Thus the US needs to realize that the bal- CNBC reported on Thursday. countries will become more intertwined Song Zhongping, a military expert and we hope they can become the mainstream.” ance of power is shifting rapidly and should “China is the biggest source of America’s as the foundation of common interests Phoenix TV commentator, said that, “Apart “The Trump administration is extremely learn to develop mutual respect with China. merchandise trade deficit, though the US increases,” said Chu. from North Korea, the US also has friction pragmatic, which makes us easier to reach As a matter of fact, the US remains enjoys a surplus in service trade to China,” In Xi’s report to the CPC National Con- with us in many other issues, like the South an agreement. In the history of Sino-US one of the most favored destinations for An Gang, a member of the academic com- gress, he said “Major-country diplomacy China Sea issue and the Taiwan question, relations, China’s relationship with a immigration, travel or study among Chi- mittee at Pangoal Institution, a Beijing- with Chinese characteristics aims to foster and it demonizes China’s overseas military pragmatic Republican government is better nese people. However, following Donald based think tank, told the Global Times. a new type of international relations and presence, such as China’s first overseas than at other times,” said Chu. Trump’s election, US immigration policy “US elites paid close attention to the has become stricter, not easier. More young 19th CPC National Congress, espe- Chinese students in the US are also the cially about economic adjustment  victims of a rising tide of hate crimes. and market reform. They tend to seek Changes in balance of power between On the other hand, the change in the opportunities for cooperation and their balance of power between the two countries own development from researching China and the US shape a new era is altering Chinese people’s attitudes about the CPC national congress.” the American Dream. Unlike their prede- “In fact, China has shown sincerity cessors, more Chinese students are now to the US when dealing with Washing- choosing to go back to China after their ton’s concern about imbalanced trade,” studies abroad; they no longer regard stay- said Bai Ming, a research fellow at the ing in the US as their ultimate goal. Chinese Academy of International Trade and Economic Cooperation. A more attractive China “China’s market access for the Over 50 percent of all Chinese students US is increasing after the Xi-Trump who plan to study abroad tend to choose meeting in April. To some extent, American schools, according to the Chinese China’s opening-up has been gradual, Service Center for Scholarly Exchange so we need time to meet the standards (CSCSE), an organization under the Minis- of developed countries and improve COMMON DESTINY try of Education. our environment for foreign invest- “Trump’s strict policy will directly affect ment,” Bai added. “The US needs to illegal immigrants. He wants to safeguard be patient.” job opportunities for Americans, but it has During a meeting at the Mar-a- nothing to do with me, because all I want is Lago estate in Florida in April, Xi and to study in the US then return home, rather Trump agreed to establish a compre- than stay there forever,” Liu told the Global hensive economic dialogue and a 100- Times while waiting in line. day plan to boost bilateral economic “Students of our generation are not like cooperation. The plan led to China our parents’ generation,” said another stu- allowing the resumption of American dent applicant surnamed Wang. “Between beef imports in June. the 1980s and 1990s, many Chinese who “Another reason for the imbalance had an opportunity to study in the US want- is that the US restricts the export of ed to stay there, as China was still undevel- high-tech products to China, and oped then. But now, apart from advantages Trump’s attitude to the negotiation on in higher education and technology, I don’t the Bilateral Investment Treaty, which think the US has many reasons to attract can ease the limitation on US techno- Chinese youth to immigrate.” logical exports to China, was not very According to data released by CSCSE positive,” An said. Page Editor: and New Oriental Education & Technology “China and the US still need time to [email protected] 14 Tuesday November 7, 2017 EDITORIAL Mass shootings worsen US human rights

ust days after the truck terror attack face of these deadly attacks is surpris- hope on sheer luck to avoid being at- that it started early in modern gover- in Manhattan, a church in a small ing. The governments of other coun- tacked in a mass shooting. The major- nance and accumulated some advan- JSouth Texas community has be- tries would have been strongly de- ity’s acquiescence to the government’s tages, otherwise, the country, with the come a killing fi eld – although the mass nounced if such severe attacks against failure to act has spawned a spreading current mechanisms, would probably shooting in Texas appears to be un- society happened so often. Except for outbreak of this violence. US society al- lose out to India. Yet US institutional connected to terrorism. A 26-year-old media reports and verbal responses ways pays condolences to the innocent governance has remained resistant to white man opened fi re in the church on from offi cials and lawmakers, the US victims, but never feels guilty that it any change. Monday, killing at least 26 people and is slow in taking any targeted action makes no eff orts to prevent these trag- If the mass shootings in the US wounding about 20 others. This im- against mass shootings. edies from happening. cannot be addressed in the long term, mediately reminds people of the mass Although US media outlets publish The US is rigid on gun control. How and the government takes no eff ective shooting at a music festival on the Las instant reports and pictures, they fail to many people will have to die before US action, the UN Human Rights Council Vegas Strip on October 1, which left 59 lead US society to focus on the shoot- society is prompted to reform the cur- needs to denounce Washington’s inac- dead and more than 500 injured. ings, instead putting more attention on rent system? US politicians are slick tion at some point, exerting external The whole world is astounded at the Russiagate. The diffi culties of gun con- players and are unwilling to launch a pressure on the country. frequency of mass shootings in the US trol in the US are universally known. political duel against those who oppose Washington must acknowledge that and its government’s inaction to ad- While US politicians and the media gun control under uncertain circum- mass shootings are a serious human dress them. Some “sick and deranged” have cold feet on the issue, ordinary stances. rights issue that has directly threatened people compete with each other for the citizens are left with no other option The US system determines that poli- the life of Americans. We hope that US sensationalism the attacks bring. but to accept the status quo. ticians will only take politically correct media and elites refresh their under- The US public’s equanimity in the The US public can only place their actions to attract votes. The US is lucky standing of human rights. E-bridging the world Voices

“May God also grant all of us the wisdom to ask what concrete steps we can take to reduce the violence and weaponry in our midst.”

Barack Obama, US former president, off ering condolences to the victims who lost their lives after a shooting at a church in Sutherland Springs, quoted by Huff Post Monday. “That America thinks Iran is going to put aside its military power is a childish dream.” Illustration: Shen Lan/GT

Brigadier General Hossein Salami, deputy head of the Revolutionary Guards Power wrangle puts tech titans at odds with Washington which oversees the country’s missile development, saying that Iran’s missile program is defensive in nature and is not negotiable, quoted by Reuters Monday. By Ai Jun BSERVER power is occurring between the US O government and big tech companies, “Are Facebook, Twitter, and Google which largely control public opinion. American Companies?” asked The That’s why they are utilized by Rus- Atlantic last week. The magazine has capital forces have long been play- sian companies. good reason to raise its concerns, ing a crucial role in the struggle for Washington is hurt by Internet because when asked if the tech gi- power. For example, under the frame- freedom, which it once spared no ef- ants would apply the same policy to work of the US political system, de- forts to advocate. The way that color the US intelligence community that mocracy equals elections. Yet money revolutions worked in many coun- Please send submissions to [email protected]. Pieces should they’d apply to an adversary’s intel- is playing an increasing role in Amer- tries is copied and applied to the US, be no longer than 800 words. The opinion expressed in the published articles are those of the writer alone and do not necessarily refl ect the ligence services in a Senate hearing ican politics. using the enormous infl uence of US position of the Global Times. The Global Times reserves the right to edit over Russiagate last Tuesday, Twit- After substantial quantities of cap- technology companies. The White the articles for length and clarity. Inquiry: (8610) 65367563 ter’s acting general counsel replied ital fl owed to election campaigns, the House has not yet mastered gover- that “as a global company, we have politicians who accepted the money nance in the Internet era and seems Check out our mobile apps for iPhone, iPad and Android to apply our policies consistently … would naturally endorse the interests to be at a loss as to how to deal with We’re trying to be unbiased around of big companies and the rich. Even the infi ltration of foreign forces. the world.” US think tanks are aff ected too. Powered by capital, US technology The relationship between these Bill Goodfellow, the executive di- companies have grown to the degree Follow us on tech titans and Moscow is not the rector of the Center for International that they face little restraint. The US’ Twitter only thing bothering Washington. Policy, once told media that “It’s ab- partisan politics is also limited by the http://twitter.com/globaltimesnews The US is now more worried about surd to suggest that donors don’t infl uence of the capital, which gives the fact that those data-mining ma- have infl uence. The danger is we in external forces the opportunity to in- Facebook chines can be eff ortlessly utilized for the think tank world are being cor- fi ltrate American politics. Tied by cur- http://facebook.com/globaltimesnews surveillance services. What’s worse, rupted in the same way as the politi- rent institutions, Washington can do they can be used by any capital pro- cal world.” Ultimately, the power of nothing about it. Sina Weibo vider. capital is swaying US politics, which http://weibo.com/globaltimescn It seems that the companies can has become a predicament of the Page Editor: [email protected] The Global Times is published six times a week be taken advantage of in the game of country’s system. from Monday to Saturday. thrones in the US, the nation where At this moment, such a transfer of Tuesday November 7, 2017 15 ASIANREVIEW Japan’s move on ‘comfort women’ disturbing

By Jin Ying dards on human rights. Second, Japan’s act goes against the NESCO announced new nomi- modern trend of diplomatic democra- nations for the Memory of the tization. Both the agreement signed UWorld International Register between Japan and South Korea on the on Thursday. “Voices of the ‘Comfort resolution of problems related to prop- Women’” endorsed by civic groups erty and claims and economic coopera- from eight countries and regions tion in 1965 and the bilateral agreement including China and South Korea was on settling the “comfort women” dis- recommended for postponement. Some pute in 2015 are led by the two govern- Japanese officials and media outlets ments. But without fully considering applauded the decision. Japanese NGO public opinion, such deals can be hardly which endorsed “Documentation on translated into social consensus. ‘Comfort Women’ and Japanese Army After South Korean President Moon discipline” program to confront China Jae-in came to power, the government and South Korea was jubilant. under public pressure began to believe Such reaction is not unexpected. Ja- that the “comfort women” dispute pan has put in a great deal of resources, hasn’t been well addressed and speeded energy and even staked its image to up institutional and monument build- prevent China and South Korea from ing. If Japan turns a blind eye to such successfully registering the UNESCO changes in Chinese and South Korean list. Japan threatened to withhold its society, it will spur more public discon- annual dues, stepped up pressures to Illustration: Liu Rui/GT tent and confrontation. change rules of registration and even Third, Japan’s act goes against the threatened to withdraw from UNESCO, public opinion, and even launched rights. In recent years, international ethos of peaceful and democratic na- regardless of its image as a civilized na- counterattacks. In 2014, he started to society has paid increasing attention tions. In the new century, Japan has tion. As Japanese media reported, Japa- examine the Kono statement made to women’s safety and rights, espe- increasingly valued its national image nese Prime Minister Shinzo Abe was in 1993 and the coverage of “comfort cially pertaining to sexual violence. and branded itself a peaceful democrat- mad at UNESCO listing of documents women” by the Asahi Shimbun. Apart Women’s rights are an integral part ic nation. But to thwart the registration, regarding the 1937 Nanjing Massacre in from claiming there are misunder- of human rights. Against this back- Japan attempted to make the Imperial 2015 and requested that such listings be standings in the “comfort women” ground, the “comfort women” issue has Japanese Army an army of civilization. prevented without fail. For now, Japan’s issue and related problems have already attracted wide attention. This is aimed Under Japanese pressure tactics, the diplomatic branches finally finished been solved on international occasions, at learning a lesson from history and “Documentation on ‘Comfort Women’ what they were asked to do. Abe has tried hard to prevent China and preventing tragedies from recurring, and Japanese Army discipline,” submit- After Abe retook office at the end of South Korea from registering the “com- and ensuring living victims can obtain ted by a Japanese civic group as No.76 2012, Japan has been trying to down- fort women” on UNESCO list. compensation. program, is a slap in the face of Japan’s play historical issues. The Abe admin- This time Japan succeeded in post- Thus an increasing number of UN image of a peaceful democratic nation. istration fanned nationalism and called poning the UNESCO registration of agencies on human rights and inter- moves by victims of WWII seeking “comfort women” issue, but the losses national organizations are concerned The author is a research fellow at the justice an attempt to malign Japan’s outweighed the benefits. about Japan’s mistaken stance on the Institute of Japanese Studies, Chinese reputation. First, it runs counter to the interna- “comfort women” issue. Japan’s latest Academy of Social Sciences. opinion@ Meanwhile, he repressed national tional practice of protecting women’s moves will only expose its double stan- globaltimes.com.cn NATO interference in Asia-Pacific affairs driven by survival instinct

By Wang Yiwei foreign ministers on April 23, After withdrawing troops it boasted as the world’s most mode of Shangri-La Dialogue. 2013, to denounce North Ko- from Afghanistan in 2014, powerful multilateral security NATO’s intervention will North Atlantic Treaty Organi- rea’s provocations. It was NA- NATO hopes to respond to the organization. Its global partner- undoubtedly do more harm zation (NATO) Secretary Gen- TO’s second statement about security challenges in Asia Pa- ship program with Japan, South than good to China. It increases eral Jens Stoltenberg called for the situation on the Korean cific as a strategy to make a dif- Korea, Australia, New Zealand US influence, internationalizes sanctions against North Korea Peninsula after the third nucle- ference in the post-Afghan era. and Mongolia etc is a means of Asia-Pacific affairs, and encour- during his visit to Japan and ar test during the year’s Spring Its involvement in Asia-Pacific intervening in Asia-Pacific af- ages some Asian countries to South Korea before US Presi- Festival, which was unusual. Affairs comes at a time when fairs. The idea behind the move compete for NATO support. dent Donald Trump began his Then NATO secretary-general the US is rebalancing to Asia is to export multilateral security As for the advantages, our Asia tour. Trump had said be- Anders Fogh Rasmussen vis- and the Asia-Pacific region is concept. While China opposes friends among NATO mem- fore taking office that NATO is ited Japan and South Korea in becoming the global focus – a the internationalization of dis- bers could counterbalance US “obsolete.” Then why does the the same month, negotiating NATO move to seize the mo- putes over sovereignty and ter- strategy and offer more choices multilateral security organiza- with global partners over hot mentum. ritory between Asian countries, for China’s strategic use of dip- tion share the US’ concern in button issues in the Asia Pacific In addition to promoting le- NATO has exported its multilat- lomatic resources. Some NATO the Asia Pacific region? region, including the situation gitimacy, NATO’s involvement eral security concepts to Asian concepts could also be used In fact, it is just a continu- on the peninsula. comes about as a result of a US countries and showcased the to deal with Japan’s rightist ation of what NATO has done Why is NATO eager to in- push. Former US secretary of ideas of crisis management and moves and the provocations of in the past few years. When tervene in Asia-Pacific affairs? state Hillary Clinton publicly conflict prevention. the Philippines and Vietnam. former US president Barack Survival and development have said that Washington was ac- NATO understands it can- The key lies in drawing on ad- Obama declared his strategy of been two major concerns of companied by Europe in its not bypass China to meddle vantages while avoiding disad- rebalancing to the Asia-Pacific NATO since it was set up. The pivot to Asia strategy. Twenty- in Asia-Pacific affairs, so it has vantages. NATO intervention region, NATO actively cooper- yearning for legitimacy became two EU members are NATO made three demands: China’s in Asia Pacific affairs cannot ated with Washington’s strat- NATO’s ever-lasting pain since members. Slashing of funds no objection is the bottom line; be blocked or ignored. China egy, trying to emphasize its the end of the Cold War. In re- to NATO’s European members seeking China’s consent and needs to take precautions. presence in regional affairs that cent years, along with Obama’s made it more dependent on the understanding; and if possible, caught global attention, seek- rebalance to Asia strategy, US. Washington aims to use cooperation with Beijing. In The author is director of the ing ways to intervene in Asia- NATO also turned its attention the multilateral body to inter- recent years, NATO has sent Center for European Studies Pacific affairs and promoting to the Asia Pacific. The desire to nationalize the Asia-Pacific af- senior officials to attend the -an at Renmin University of China. its strategic transformation. survive drives NATO to meddle fairs. nual Shangri-La Dialogue secu- [email protected] The symbolic act of NATO’s in Asia-Pacific affairs. On the NATO has always been rity forum in Singapore, hold- intervention in the Asia-Pacific positive side, it seeks develop- proud of being the world’s ing bilateral talks with Chinese Page Editor: sunxiaobo@ affairs came about in a unilat- ment, an attempt to promote largest military organization. representatives. It is not impos- globaltimes.com.cn eral statement issued by NATO “global NATO” strategy. Since the end of the Cold War, sible that NATO will copy the 16 Tuesday November 7, 2017 FORUM October Revolution legacy remains

uesday marks the Illustration: Liu Rui/GT time in the 20th cen- 100th anniversary tury, confrontation was Tof the October Rev- everywhere and interna- olution. The special day tional competition was reminds people of how crucial. We have realized the major event which that it is necessary to took place 100 years ago avoid extreme confronta- sent ripples across the tion. With the lessons world. of two World Wars and The October Revolu- the Cold War, obviously tion changed the world the relationship between in a profound way. It major countries today is brought the theory of more rational than that Marxism-Leninism to between the US and the China, making one third Soviet Union in the past. of global population live Although the inheri- under socialism for some tance of and opposition time. As the revolution to the spirit of the Octo- is often evaluated in con- ber Revolution lingers nection with the Soviet in different worlds, the Union, its assessment be- confrontation between comes very complicated the two has weakened. with numerous political Although there are many factors involved. misunderstandings Although it is not easy to assess the The Communist Party of the Soviet failure, its political legacy infiltrated the nowadays and some of them are really October Revolution objectively today, a Union turned a backward Russia into a whole world. In confrontations with serious, the concept of a community of number of facts cannot be overlooked. modern world power that made brilliant the Soviet Union, the West was forced shared destiny has gradually emerged First, the October Revolution took contributions in defeating the Rome- to absorb some socialist concepts like and we feel to be living in a totally dif- place in a less-developed country in Eu- Berlin-Tokyo Axis in World War II and respecting laborers. The sense of crisis ferent world from the one in the last rope, but marked a watershed leading promoted technological development. pushed Western capitalists to restrain century. Socialism with Chinese charac- to a series of changes all over the world. Third, the Soviet Union was ex- themselves and improve labor welfare. teristics can be called socialism 2.0. Af- This shows that it kept its finger on the hausted in the Cold War. As its gover- Fifth, socialist thoughts were not ter Marxism-Leninism entered China, confusion of the society at that time and nance suffered, the Bolsheviks began born in Russia, but are spiritual wealth it was first sinicized, then modernized conformed to the trend of history. It was wavering in their belief. Looking back, created by humanity. Dissolution of and increasingly matched the reality of the power of the times that pushed the the Soviet Union’s difficulties then were the Soviet Union did not mean that China as well as the changing world. revolution to the forefront to lead the not fundamental and could be solved socialist ideals vanished. After more Attempt by Western media to evalu- global trend. by reform. But it chose to give up from than 20 years of the dissolution of the ate the October Revolution did not lead Second, the October Revolution the inside at last. Such a big country Soviet Union, socialism with Chinese to balanced results. History will tell a established the first Marxism-guided only knew where it came from but did characteristics entered a new era, which more credible tale than Western opin- socialist nation, a new thing at the not know where to go. The political is a sign of the continuous spirit of the ion. History tells us that subjectivity will time. In dark times, when capitalism confusion and weakening of the party October Revolution. wear out and the facts will remain. became imperialism, the Soviet Union leadership led to the collapse of the For the last 100 years since the provided a ground-breaking political Soviet Union. October Revolution, the world has seen The article is an editorial of the Chinese choice. It went through ups and downs Fourth, although the Soviet Union’s crests and troughs. Human civilization edition of the Global Times Monday. and made unbelievable achievements. exploration of socialism ended in is at a high stage of maturity. For most [email protected] Close ties with China in US best interest, says Washington think tank CEO

“It is in our nation’s best inter- said: “We have had a good, in the state. The Los Angeles jing. “Trade between countries in Sacramento, California’s est to continue to work closely working relationship since [ for- Times reported that 60 percent is governed by international capital city, before the latter re- with China, while respecting mer president Richard] Nixon containers that land at the Port law, which is set by federal tired from California State Sen- each other’s significant cultural went to China in the 1970s ... of Los Angeles in southwestern policies. I don’t see a full-blown ate last year, said in the meet- and political differences,” Bob China’s economic growth and California, the nation’s larg- trade war resulting from this ing that California was willing Huff, CEO of California-based stability has benefited the Unit- est port, come from China. visit or this presidency,” he said. to join the construction of the think tank Huff Strategies, said ed States and the world.” Millions of those containers “Both President Xi [Jinping] Belt and Road, and was looking Saturday. Huff, who will make his were transported by more than and President Trump have had forward to a stronger coopera- The relationship between 19th visit to China this month, 32,000 longshoremen, termi- excellent results this year. They tive relationship with China in the United States and China said he is focusing on econom- nal operators, truck drivers and met very quickly after Presi- trade, investment, clean tech- is very important to both coun- ic cooperation, which is a firm rail workers in 2015. dent Trump was inaugurated nology and environmental pro- tries and the world, Huff, a foundation for the bilateral ties. In 2015, Chinese investment ... came up with a hundred-day tection. former California State Senate “My most profound impres- to US companies reached a re- plan ... [and] have seen things The Belt and Road initiative, Minority Leader and former sions [during the China visits] cord $15.7 billion, according to moving forward. So people proposed by Xi in 2013, envi- Senate Republican Leader, said were of the continuity of his- a report by the nonprofit Na- have to focus on things actually sions reviving the ancient Silk in an interview with Xinhua. tory, love of education, and tional Committee on US-China being done, not just what’s talk- Trade routes through an over- “I don’t presume to tell the great cultural heritage,” he said. Relations and research firm ed about. We’ve seen the right land Silk Road Economic Belt president of the United States “China has changed dramati- Rhodium Group. California kind of actions. So I’m encour- and 21st Century Maritime Silk how to conduct the nation’s cally in the past two decades alone pulled in 21 percent of aged,” he said. Road that will connect Asia, business, but the facts are since I first visited it, consis- that haul. Moreover, Chinese Xi told California Governor Europe and Africa, boosting pretty clear. The United States tently growing and changing. investment to California is di- Jerry Brown in Beijing in June connectivity, trade and people- and China are the world’s two This trip is focused on bilateral versified, mostly in innovative that he hoped California could to-people links. largest economies,” he said trade between California and or labor-intensive industries or continue to promote bilateral ahead of US President Donald China.” both. exchanges between localities The article is from the Xinhua Trump’s first official visit to China is California’s third Huff is optimistic about and contribute more to China- News Agency. opinion@ China scheduled for November largest export destination, with the future of bilateral trade US cooperation in areas includ- globaltimes.com.cn 8-10. an export volume of approxi- even though some local busi- ing technology, innovation and Huff, a 64-year-old political mately $14.4 billions in 2016. nessmen are worried that the green development. Page Editor: sunxiaobo@ veteran who has visited China Growth of Chinese imports Trump administration could Brown, who has worked globaltimes.com.cn 18 times over the past 20 years, created more job opportunities have trade frictions with Bei- with Huff on many local issues Tuesday November 7, 2017 17 VIEWPOINT Middle-aged men: being lost in transition

the middle aged are supposed to take By Xu Qinduo Illustration: Liu Rui/GT care of both their senior parents and s a middle-aged man, being ridi- young kids. Besides putting food on the culed is no surprise. A beer belly table, their time and attention are also Aand nostril hair may compete expected. with unkempt looks to put you out of And it’s the same in the office, where fashion. And despite your age, you are the middle-aged usually possess rich yet not old enough to earn automatic experience and knowledge. No wonder, respect from the young. writer Eileen Chang once noted that the The Chinese men in their 40s and middle-aged are often lonely as, when 50s have been the subject of a popular they wake up every morning, they’re blog post by writer Feng Tang who surrounded by people who depend on advises them on how not to look unpre- them yet nobody they may rely upon. sentable and shabby. The post has gone Maybe it’s because they are too busy viral, with growing number of follow- and have little time to spend on them- up posts and comments to show the selves. Or too relaxed even to the point unhealthy image of this group of the of being lazy, to press ahead with their male species. lives. With a house to live in, a car to Harsh words abound. They are ac- drive, kids to look after, what else is still cused of paying little attention to their worth fighting for? bloating bellies. Many seldom go to Therefore, some middle-aged men the gym. They often brag about their fail to be in shape and are loath to use experience and deliver “sermons” to the the nose trimmer. According to the young. Some of the banter only makes accusations, there’s some room for im- sense in the Chinese environment, provement for the middle-aged’s sense such as the love of holding a vacuum of style and appearance. In fact, criti- flask with wolf-berry tea. cism by Feng and numerous internet Feng noted at the very beginning of users are not entirely unjustifiable. the article that in the last two to three For example, with lives getting better years, there have been a number of off in China, people can certainly afford occasions when middle-aged men have to dress smartly and make themselves been scrutinized. For example, a rock presentable. Usually it’s the lack of band singer was the subject of a heated awareness that prevents the change. discussion not long ago due to a picture Who doesn’t want to look his best? of him holding a vacuum mug with hot Growing old has more to do with our water. state of mind than a specific age or ap- The practice of drinking hot water, pearance. The inability to keep up with particularly by the elderly in China, had the times, such as loss of touch with made the debate warmer. The hip and technology, or dwindling curiosity to ex- young crowd is largely for ice cold soft plore the world, would be a pity, a more drinks. Hence, the image of a rock star the middle-aged are actually the most the aging process. Transitional, but also serious issue than the lack of desire to with hot water triggered a torrent of powerful group of people in a society, an embarrassing age. be presentable. comments on the vicissitudes of middle as they occupy important positions Middle-aged people tend to be age. After all, the spirit of rock ‘n’ roll is managing the affairs of a state or a burdened with responsibilities. Unlike The author is a commentator on current hardly about aging. company. However, they are also at a young people who have the luxury affairs with China Radio International. Despite being an object of ridicule, point of no return – they can’t reverse to enjoy freedom and being single, [email protected] LETTERS Children praised the couple’s decision ing their children abroad for phones will cause a disconnect side-by-side conversations. to take their child abroad to ex- education during the summer with children, leading to a loss These contribute to a positive become what perience the fascinating world. and winter holidays. It is under- of opportunity to build an in- parent-child relationship, help- Some parents regretted that standable that parents invest a timate parent-child bond and ing make children indepen- their parents they could not spend much large sum of money to show hence an adverse influence on dent and curious, improve self- time with their kids due to a their love for children and hope children’s upbringing. esteem and decision-making make them to be busy work schedule. they will stand out among their Early childhood develop- skills. After reading the article, I peers. ment begins at home. Parents “Traveling all over the world had mixed feelings and wanted But what about spending are considered to be the best helps you adapt to various en- The parent-child relationship to establish a family and raise a time with parents? A survey teachers for kids as they help vironments, so you can calmly and children’s education have child. Spending time with your report released by the Shang- children build personality and deal with obstacles in the fu- always been hot topics in Chi- beloved and your adorable kid hai Scientific Parenting Base develop value systems. Their ture; widens your horizon, so na. Almost all parents try their would be the most joyful thing in May found that because of words and deeds profoundly af- you can walk on your own jour- best to earn their kids a decent in the world, I thought. busy fathers, most Shanghai fect children’s growth and func- ney with inclusiveness and cu- life and provide as much as However, the fast pace of city children only spend 2.23 hours tion as a beacon for their future, riosity; enables you to appreci- they can. life and parents’ fear of their per weekday and 6.68 hours especially when they are bewil- ate the multiple aspects of life, Recently, a post about a Chi- children lagging other kids per day at weekends with their dered and frustrated. so you understand the percep- nese family’s world tour was have driven anxious parents to dads. Mothers accompany their Rather than offering chil- tion of life varies from person widely circulated on WeChat. be busy juggling work and oth- children for 3.07 hours per dren a house in an elite school to person,” the couple said to A young couple quit their jobs er responsibilities to offer what weekday and 10.53 hours per district or numerous training their kid at the end of the post. and for four months visited they consider the best material day at weekends, causing a gen- classes, parents’ quality and They are truly capable parents. world-renowned tourist attrac- and educational resources for der-imbalance in upbringing dedicated companionship and tions with their son. The couple their children. and hence posing a challenge upbringing, which can be done Cui Bowen, a post-graduate just wanted that their child For example, parents send to children’s mental and psy- in everyday life, bring great student in translation studies at develop his own personality their school-aged children to chological development. benefit to the family. Beijing Language and Culture and spend more time with his various extra-curricular classes Even if parents have free For instance, make family University parents, all to enjoy a different that teach academics and of- time to keep their children time a regular and special part childhood. fer specialty training at a high company, some are found with of your routine, find a shared Page Editor: sunxiaobo@ The post sparked a heated price. An increasing number their heads buried in mobile hobby to engage in with your globaltimes.com.cn online debate. Many parents of Chinese parents are send- phones. Parents’ addiction to children and have relaxed, 18 Tuesday November 7, 2017 LIFE

he challenge haunts classical theater than from concert halls. The concert venue, the DiMenna to feel,” making the concert more music: How do orchestras Classical music, he noted, has Center for Classical Music, features “three-dimensional.” Trejuvenate aging audiences? made plenty of attempts to become an advanced acoustic system that Playing on the senses, the next Pondering the question, conductor more experience-driven, but gener- allows adjustments in reverberation, InsideOut on February 3, 2018 will David Bernard asked something ally by adding components such minimizing but not eliminating the explore the experience of a sunrise related – how did he himself become as visuals, dancers or famous pop imbalances that spectators may hear with a program that includes Ravel’s enthralled by the music? artists. when sitting closer to certain instru- romantic Daphnis et Chloe. His answer – it was when he fi rst Bernard takes the opposite ap- ments. Bernard, who said he gauged a sat inside an orchestra. And so, he proach with InsideOut – stripping But Bernard acknowledged there positive reaction at a fi rst InsideOut, wondered, why not bring that experi- the performance down to the music could be awkward moments, such as has devoted the orchestra’s full sea- ence to everyone? alone, with not even printed pro- when he as a conductor fi nds himself son to the format. Bernard, who leads the Park grams to distract the guests. looking down at an orchestra space But he isn’t proselytizing. While Avenue Chamber Symphony in “How do you turn coming to the of 300 people, most of them not he hopes InsideOut catches on, he New York, has launched a bid to concert and simply interacting with musicians. also sees it as a gateway to encourage re-envision the traditional orchestra the music into an experience?” he But he said that InsideOut allowed more people to enjoy traditional clas- by bringing the audience directly asked. musicians to “perceive and feel the sical concerts. onto stage. Adding dozens of chairs, audience reaction more immediately The critical element, he said, is to the orchestra lets ticket-holders sit New immediacy to music and more clearly” than in a tradi- instill a sense of excitement. among the musicians, following At a recent concert, which took tional setting. “Today there is the notion that underneath Bernard’s baton instead on a loose Halloween theme with “So in a way there is an energy the audience must be rigorously of staring at his back. the ominous sounds of Saint-Saens’ that feeds on itself and creates, actu- educated in the work, the composer “There’s a lot of talk about how Danse Macabre and Berlioz’s Sym- ally, a more special experience for the and the musical language in order to classical music is stuff y and there are phonie Fantastique, dozens of guests musicians,” Bernard said. enjoy it,” Bernard said. a lot of rules. And that’s kind of a de- were guided onto stage and then Violinist Gabrielle Miskovitz said “Yet in history, audiences enjoyed terrent to enjoying classical music,” were asked to shift seats, giving them the InsideOut format was at times works viscerally. They enjoyed works Bernard said in his Manhattan apart- a diff erent vantage point within the distracting, with guests shuffl ing just by being there and enjoying ment before a recent performance. orchestra. around and shifting in their chairs. them.” “The question is – how do you “I think this was defi nitely a “But it’s really exciting and you get turn classical music performance more immersive experience, more to make eye contact with members of AFP into more of an experience?” he said. intimate, and really made it easier the audience and kind of share that Bernard – who considers his to connect with the musicians,” said experience, so it’s really cool.” concept, which he dubs InsideOut, audience member Leana Johnson. Page Editor: to be a world fi rst at its scale – takes Spectators John and Jennie ‘Three-dimensional’ concert [email protected] his inspiration more from interactive Doggett noticed a new immediacy in Bernard starts each InsideOut con- the music. cert with an appeal to the audience “You feel it in your stomach, espe- “not simply to listen but to see and cially the bass,” John Doggett said.

u ’ Seekin ide out g new au tra ‘ins dience, c orches BRI onductor turns PLE NGING MUSIC TO THE PEO BRINGING MUSIC TO THE PEOPLE

The audience joins Park Avenue Chamber Symphony musicians on stage during InsideOut at the DiMenna Center in New York on October 28. Photo: AFP Tuesday November 7, 2017 19 LIFE

Beijing Minsheng Art isney-Marvel’s Thor: Ragnarok given year as even the hottest summer screens, 391 IMAX screens, 616 premi- Museum showcases is heading for a stellar opening months and has been the launch pad um large format screens, and 204 D-Box work of artist Guan Yong Dweekend with $121 million at for some of the biggest franchises in locations. The IMAX total was $25.4 Young Chinese artist Guan 4,080 North American locations – the box office history includingHarry Potter, million. Yong is showcasing his latest fourth best launch of 2017. The Hunger Games and Twilight, not to With Chris Hemsworth reprising the works of the last five years at The third Thor movie is also putting mention the traditional home for James title role, Thor: Ragnarok will finish far the Beijing Minsheng Art Mu- an emphatic end to the month-long box Bond,” noted Paul Dergarabedian, senior above its predecessors, nearly doubling seum as part of the museum’s office slump that saw the worst October media analyst with comScore. the 2011 opening of Thor at $65.7 million Young Artist series. in a decade. Among 2017 titles, its debut “Now Thor joins the rarefied air that and coming in 41 percent above the 2013 As a member of China’s weekend trails only Beauty and the Beast is the $100 million November opening sequel Thor: The Dark World at $85.7 new generation of contem- at $174.8 million, Guardians of the Galaxy club, becoming only the ninth film to million. porary artists, Guan, born in Vol.2 at $146.5 million and It at $123.4 ever reach this threshold and the first to Thor: Ragnarok is directed by Taika 1975, has brought a total of 55 million. do it within the first part of the month,” Waititi from a screenplay by Eric Pearson paintings and two sculptures Thor: Ragnarok also officially launches he noted. and the writing team of Craig Kyle and to the exhibition. His paintings the holiday season with a major bang. STXfilms’ R-ratedA Bad Moms Christopher Yost. It also stars Tom Hid- cover various subjects from Moviegoing has been battered this year Christmas, which opened on Wednesday, dleston, Cate Blanchett, Idris Elba, Jeff landscapes to portraits. by a subpar second half that’s pulled is heading for a respectable $21.6 mil- Goldblum, Tessa Thompson, Karl Urban, According to the exhibi- down 2017 grosses by 5 percent, but it lion at 3,615 sites for its first five days. Mark Ruffalo and Anthony Hopkins. tion’s curator Xu Gang, the ex- should rebound somewhat, thanks to A24’s launch of Greta Gerwig’s Lady Bird Thor: Ragnarok has also taken in $306 hibition’s title, The Intermediate Thor: Ragnarok, Warner Bros-DC Enter- posted the best platform opening of the million overseas, including $109 million Space, is inspired by the quote tainment’s Justice League (which opens year with $375,612 on four screens for an in its international launch last week in 52 from Italian painter Giorgio Nov. 17) and Disney-Lucasfilm’s Star impressive $93,903 per-screen average. percent of foreign markets. It expanded Morandi: “You cannot dem- Wars: The Last Jedi (opening December Thor: Ragnarok wound up over- to most other overseas territories over the onstrate your own greatness 15). performing recent estimates, which had weekend. by remaining at one extreme, “November has been a hotbed for been in the $100 million to $118 million but by reaching out to both blockbusters and is as important to any range. The rollout includes 3,400 3D Reuters extremes at the same time, and filling the intermediate space. A good artist can use a strong personal style to connect the two extremes, letting the work be what’s filling in the inter- mediate space…” ‘THOR: RAGNAROK’ “Guan Yong has learned minimalism and a minimalist attitude toward art creation and life from Morandi,” Xu wrote in the exhibition’s preface. RULES BOX OFFICE Guan once concluded that “painting, as a visual existence, first and foremost must pro- vide an illusion that can be felt. The meaning system of this illusion must be open-ended, opening to its viewers. Its very significance and signification lie in the viewer’s own under- standing.” Xu explained his under- standing of Guan’s core art theory by saying that “what he means is that a painting is never complete before it is understood by the viewer in his/her own relation to the painting. A painting acts only as a mediator between the art- ist and the viewer.” The exhibition is set to run until November 30.

Promotional material for Thor: Ragnarok Photo: IC

Vincent Kok’s ‘Two Wrongs Make A Right’ sets eyes on Singles’ Day audiences Rom-coms have always ping festivals in the world According to the direc- performed well in China. and a major day for heading tor, he has long dreamed Chinese movie Two Wrongs to entertainment venues of telling a story through Make A Right is looking to among young Chinese. fortunetelling and fengshui, a capitalize on this fact and The latest work from traditional Chinese geo- the upcoming Singles’ Day Hong Kong director Vincent mancy system that seeks to holiday on Saturday by serv- Kok, Two Wrongs Make A arrange living spaces so they ing up a helping of romance Right, starring Vic Chou and are in harmony and balance Watercolor Sketch by Guan and laughter to audiences on actress Fiona Sit, focuses on with the natural world. Yong Photo: Courtesy of the Friday. Qin Rui (Chou), a fortune- Kok noted that he tried Beijing Minsheng Art Museum Originally meant to teller and fengshui consultant to use a new way to present celebrate young men and who trusts in destiny, and a romance story and that it Global Times women who have yet to find Pei Pei (Sit) and all the bad was tailored for Singles’ Day a partner, Singles’ Day in things that happen when- audiences. Page Editor: Fiona Sit (left) and Vic Chou China has now become one ever the two happen to get xuliuliu@ globaltimes.com.cn Photo: IC of the biggest online shop- together. Global Times 20 Tuesday November 7, 2017 LIFE

A cubistic still life by Juan Gris (right), which was possibly stolen by Nazis during the Third Reich, hangs at the Kunstsammlung Duesseldorf, Germany, on November 23, 2012. Below: The back side of the painting Federpfl anze by Paul Klee, which was possibly stolen by Nazis Photos: IC

u The tricky process of returning Nazi-looted art PLUNDER

of all searches for the & owners of these works.” New impetus Inertia settled over the restitu- RESCUE tion drive in the context of the Cold War The Vienna museum he Nazis and the complexities of various cases. argued that Bloch-Bauer Tstole thousands of The process was revived in the herself had left it the works. artworks from Jewish families 1990s after the declassifi cation of thou- But American heiress Maria Altmann during World War II and the restitu- sands of archives and the publication disputed the claim, saying the pieces tion of these pieces has been a slow on the internet of databases such as The belonged to her uncle, Adele’s husband. process involving legal battles, complex Art Loss Register. Altmann won her battle in 2006 and searches and some stunning fi nds. Secret records In December 1998, the pieces were returned. The story was Ahead of a court ruling on the return Works seized by 44 countries signed the adapted by British fi lmmaker Simon of a painting by impressionist master the Nazis in France Washington Declaration Curtis into Woman in Gold (2015). Camille Pissarro this week, here is were stored at the that committed them to Austria estimates it has returned some background. Jeu de Paume site stepping up eff orts to about 10,000 works from public collec- The art plundered by the Nazi in Paris, originally return stolen pieces to tions after passing a restitution law in regime was intended to be resold, given tennis courts, ahead their prewar owners or 1998. to senior offi cials or displayed in the of their shipment to heirs. Fuehrermuseum (Leader’s Museum) Germany. This led to the A spectacular fi nd that Adolf Hitler planned for his home- Thanks to the creation of special com- In 2011 a raid on a rubbish-strewn town of Linz but was never built. secret notes of Rose missions and new laws, fl at in Munich as part of a tax investiga- Just before the end of the war, the Valland, an art his- including the US Holo- tion uncovered hundreds of priceless US dispatched to Europe teams of ex- torian there, about caust Expropriated Art paintings, including works by Picasso perts – museum directors, curators and 45,000 were recovered and three-quar- Recovery Act of 2016 that lengthened and Matisse, that had been stolen by educators – to fi nd, protect and rescue ters of these returned, according to a the time limit for lodging a restitution the Nazis. cultural treasures. report to the French Senate in 2013. claim. The fl at belonged to Cornelius Known as the Monuments Men, Of the remaining “orphaned” pieces, Gurlitt, an octogenarian whose father they were honored in a 2014 George some were sold and more than 2,000 The Klimt aff air was one of four art dealers charged by Clooney fi lm of the same name. were accorded the special status of In one of the biggest cases involving the Nazis with selling the art. These work and restitution pro- “MNR,” standing for “Musees Na- art stolen by the Nazis, fi ve masterpiec- An additional 239 works were found grams enabled the return of most of the tionaux Recuperation” (Recuperation es by Gustav Klimt were caught up in a at a house he owned in Salzburg. looted works to their owners soon after – National Museums) meaning they are bitter legal battle between a descendant Gurlitt passed away in 2014 and left the end of the war. provisionally entrusted to museums. of the Jewish family from which they his collection to the Museum of Fine But out of 650,000 stolen pieces, The works were exhibited from 1950 were taken and Austria’s Belvedere Arts in Bern, Switzerland. But many about 100,000 had not been returned to 1954, but then, “for 40 years, noth- Museum. of the pieces have been subject to legal by 2009, according to fi gures released ing happened,” said the 2000 Matteoli They included two stunning portraits challenges across Germany. at the Holocaust Era Assets Conference report on the looting of French Jews. of Adele Bloch-Bauer, completed with in the Czech Republic that year. The report noted “the total abandon gold leaf. AFP Egypt recovers 354 antiques seized in United Arab Emirates

Egypt has recovered 354 to Egypt after police captured adding that they would be around 3,000 years ago, and which it considers stolen and archaeological objects that them, the ministry said on placed on display in a “special several bronze statues depict- which are housed in European were seized by authorities in Saturday. exhibition.” ing Egyptian gods including museums, such as the Nefertiti the United Arab Emirates, the It did not provide any details The recovered pieces Isis and Osiris. Bust in Berlin. antiquities ministry in Cairo on where or how the pieces include antiques from the Egypt, a rich source of said. were recovered, or from whom. Pharaonic era and some from archaeological treasures, regu- AFP Sheikh Sultan bin Mo- Antiquities Minister Khaled Islamic times, it said. larly announces the recovery of hammed al-Qasimi, ruler of El-Enany inspected the pieces Among them are a pottery stolen artefacts. Page Editor: the emirate of Sharjah, had at the Egyptian Museum in container carrying the name of It has long campaigned for [email protected] ordered the pieces returned Cairo on Saturday, it said, Ramses III, who ruled Egypt the return of precious artefacts Tuesday November 7, 2017 21 TEABREAK Garfield Horoscope

Happy birthday: Taurus (Apr 20 - May 20) Hang in and don’t give up and you will Some simple mistakes at be able to see things through to the end work will lead to some ma- today. Do not waste your time trying to jor problems, so make sure win people who don’t share your vision you double check all your over to your side. It will be up to you work before leaving for the day. A major to make your dreams come true. Your business venture will look attractive, but lucky numbers: 1, 4, 8, 10, 19. ensure that you do your homework be- fore making any major commitments. Scorpio (Oct 23 - Nov 21) ✭✭✭ Crossword Your caring nature may work against you if you let it. Do Gemini (May 21 - Jun 20) not hesitate to do what is The alignment of the stars ACROSS best for you when making indicates good fortune 1 Make quick, light cuts decisions. Love is in the stars for you for you when it comes to 5 Traffic caution color tonight. This will be the perfect time business matters. Your luck 10 Intentionally not spend to advance a romantic relationship. in love, however, is on the decline. It 14 Tibetan religious figure ✭✭✭✭ might be wise to put social activities on 15 Immature insect hold for a while. ✭✭✭ 16 Written course conclusion, Sagittarius (Nov 22 - Dec 21) often Someone may be pres- Cancer (Jun 21 - Jul 22) 17 Rightness or relevance suring you to give up on How you look at things 20 Standard or foundational a certain course of action. will have a direct impact on 21 Give as a privilege Before you launch your your performance today. Try 22 Thrust a bayonet arguments, try to see things from their and look at the issues you 25 Hindu garment point of view. This will be a good time face not as roadblocks in your way, but 26 Middle-Earth creature to focus your time and energy on cre- challenges that need to be overcome. 29 Opera highlight provided by ative endeavors. ✭✭✭✭ Love and romance is heading your way. one ✭✭✭✭ 31 Tightening muscle Capricorn (Dec 22 - Jan 19) 35 Extinct New Zealand bird You will be so busy today Leo (Jul 23 - Aug 22) 36 Left-hand side of a book that it will feel like every- You can’t go wrong by mak- 38 “To ___ his own” one wants a piece of you. ing an effort to show others 39 Asset for social people Calling in some favors how much you care about ple nets 43 Notorious Roman emperor and getting help from others will help them. Do not let life’s hectic 7 Cheese from 4-Down’s 52 Curled up 44 Graceful bird known for relieve your stress. Green will be your pace cause you to neglect important country 54 Drug offender’s option, wading lucky color. ✭✭✭ relationships or take people for granted. 8 Linda or Dale of entertain- sometimes 45 Sparkler in a setting ✭✭✭ ment 55 Valuable, milky stone 46 “Break a leg” and “running Aquarius (Jan 20 - Feb 18) 9 Some drum sounds 56 ___ snuff (good enough) on empty” You do not have to impress Virgo (Aug 23 - Sep 22) 10 Military lookout 57 Baptism or marriage 49 Word with “help” or “con- others by being an over- Looking at an old idea from 11 Certain skating leap ceremony, e.g. trol” achiever or a big spender. a new perspective will help 12 Part of a flowery presenta- 59 Workbench clamp 50 Munched Your personality is really you discover better ways to tion, sometimes 60 Sword used in competitions 51 Feudal estate all you need to win people to your side. implement it. Fun and ad- 13 Letters on ambulances 61 Russian leader, once 53 Lots of bucks? Financial matters will demand your venture are on the menu today, so head 18 6 x 9 in. book size 62 Commercials 55 One who lives far from work personal attention. ✭✭✭ out with friends! ✭✭✭✭ 19 Nickname for Ireland 63 Dairy producer 58 Strengthen an embankment 23 General vicinity 64 Some print shop measures 62 Learn-on-the-job positions Pisces (Feb 19 - Mar 20) Libra (Sep 23 - Oct 22) 24 Kind of 70-Across 65 Every single day has one Do your best to stay out of You will find yourself at 26 Muscat native 66 Use, as the good china the spotlight today. Focus a major crossroads today. 27 Did a dude ranch activity 67 Like Columbus at work on keeping a low profile Talking about things with 28 Bay of Naples isle 68 ___ gin fizz while you listen and learn. family will help you figure 30 Fire residues Today’s Solution 69 Lots and lots What you discover will prove extremely out which path is right for you. You 32 Steppe antelope 70 Tavern offering useful sometime down the line. financial luck is looking up. ✭✭✭ 33 Eight things, collectively ✭✭✭✭ DOWN 34 Dumb, for some, e.g. 1 Huge portion of cake 37 Directed a small boat Aries (Mar 21 - Apr 19) RATINGS ✭ 2 Vintner’s valley 40 Topmost beam of a You will end up offending 5: Head for Macao! 3 Small testers of one’s home someone if you come on 41 Trunk covered in bark 4: Ye gods! The planets align! patience too strong about a certain : Things are looking up. 42 Makes a deduction 3 4 City of Lights subject. Keep your emotions 2: Don’t bet on things working out. 47 5,280 feet 5 High mountain in check and you will be able to avoid 1: Watch out for black cats and ladders. 6 Put a scratch on, for exam- 48 Fishes with expansive discord. ✭✭✭

LearningChinese

Illustration: Xia Qing/GT Chat attack die (regarding a computer) f8ng le. ji&z3i h1i ch3 y~xi2odu3n ji&y3o when writing something important on 死机 xi0w2n b3og3o de sh!h7u, t` t$r1n s@j~ le. the computer. (s@j~) zu#c2n de sh#, w6 w3ngle b2oc%n!) 我试了，可还是进不去系统。可能需要 重装系统了。这也是个教训：在电脑上 A: This makes me so angry! This B: That’s so unfortunate. Did you try 写重要文档的时候切记要及时保存。 computer is driving me crazy. Just when I rebooting? (w6 sh#le, k0 h1ish# j#nb&q& x#t6ng. was just one short section from finishing 那真是悲剧了。你尝试重启了吗？ k0n9ng x$y3o ch5ngzhu`ng x#t6ng le. my report, the computer suddenly died. (n3 zh8nsh# b8ij& le. n@ ch1ngsh# ch5ngq@ zh- y0sh# g- ji3ox&n, z3i di3nn2o sh3ng The worst part is that I forgot to save my le ma?) xi0 zh7ngy3o w9nd3ng de sh!h7u qi-j# file! y3o j!sh! b2oc%n.) 气死我了！这电脑快把我逼疯了。就在 A: I tried to, but I couldn’t get into the 还差一小段就要写完报告的时候，它突 system. I probably need to reinstall the Page Editor: 然死机了。最惨的是，我忘了保存！ operating system. I guess this teaches [email protected] (q#s@ w6 le! zh- di3nn2o ku3i b2w6 b~ me a lesson: You have to constantly save 22 Tuesday November 7, 2017 SPORTS u American player stunned after swapping holidays for Tour Finals Jack Sock claims Paris Masters title

American Jack Sock said he was shocked after moving from “thinking about his holidays” during his opening Paris Masters win to qualifying for the World Tour Finals in London after claiming the Bercy title. The 16th seed beat qualifi er Filip Krajinovic 5-7, 6-4, 6-1 in the fi nal on Sunday. He trailed 5-1 in a deciding set during his second-round match against Britain’s Kyle Edmund on Wednesday, but fought back before going on to snatch the eighth and fi nal spot for the year-ending event from Spaniard Pablo Carreno Busta with the biggest title of his career. Sock rose from 22nd to ninth in the world rankings on Monday and is the fi rst American to reach the Tour Finals since Mardy Fish in 2011. “Coming in this week I had no idea I could even make London,” the 25-year- old told a press conference. “It wasn’t in my head. I just wanted to play some good tennis my last week and go start my off -season. American Jack Sock hits a forehand during his “Now to sit here and extend the sea- fi nal match against Serbian Filip Krajinovic at son another two weeks, and to keep play- the Paris Masters on Sunday. Photo: VCG ing and achieve a lot of fi rsts today for me, is incredible. “I was thinking about my holidays Miami crown in 2010. tennis in the opening set, but a poor ser- having surgery to remove an extra bone the next day [when a double-break down Sock said he would have nothing to vice game to kick off the second proved in his right wrist. to Edmund]. I tried to start shortening lose when he arrives in London to take costly as Sock roared back. “Pressure is part of the sport. Every- points and just going after my shots. on the likes of Rafael Nadal and Roger “I’m disappointed a little bit. I lost body has pressure in life. Of course, I They were landing and I was connecting Federer. energy, I lost a physical moment in the am going to have more,” Krajinovic, who a lot of them.” “I obviously snuck into the eighth match. First game of the second set I won fi ve second-tier Challenger titles Sock also became the US No.1 for the spot in London unexpectedly, so zero shouldn’t lose that easy,” he said. this season, added. “People will expect fi rst time in his career after winning his pressure on me to go there,” he added. “Then he started to play better and more from me right now. They see I can third ATP title of the season. “I’m going to swing big and play my better and I didn’t serve well today.” do it. But if I want to be better, I have to His victory was the fi rst in a Masters game like I always do, and just, honestly, Krajinovic, also 25, rose to 33 in the handle that. So I will work on that also.” tournament by an American since for- enjoy the moment.” world rankings on Monday, having mer world No.1 Andy Roddick took the Serb Krajinovic played some excellent dropped out of the top 200 last year after AFP

Philadelphia Eagles clinch 7th straight victory RoundUp Formula One Tennis uNFL fun to watch.” receivers Terrance Williams The reeling Broncos fell to and Cole Beasley who proved to Norris replaces Button Murray, Djokovic slump Carson Wentz tossed four 3-5 and 0-4 on the road. Brock be an unstoppable force against British teenager Lando Norris Andy Murray and Novak touchdown passes and Jay Ajayi Osweiler, who replaced Trevor the Chiefs. will replace retired world Djokovic dropped outside the ran for a 46-yard (42-meter) Siemian as the starting quarter- Williams made nine catches champion Jenson Button as ATP top 10 for the fi rst time score as the Philadelphia Eagles back, fi nished 18 of 37 for 207 for 141 yards and Beasley had McLaren’s test and reserve in years in the latest rankings won their seventh straight by yards with two interceptions. two touchdown grabs. driver next season, the For- released on Monday. steamrolling the Denver Bron- Running back Ajayi, who Ezekiel Elliott, playing mula One team announced The 30-year-old Murray cos 51-23 on Sunday. was acquired from Miami just while he appeals his six-game Monday. plummeted from third to 16th Wentz has now tossed at before the trade deadline, paid suspension by the NFL, rushed The 17-year-old has been after not playing since July least three touchdown passes immediate dividends with his for 93 yards on 27 carries, in- part of McLaren’s Young with a hip injury. for the fourth time in the last new team. He rushed eight cluding a touchdown in the Driver program since the start The Scot’s last appearance fi ve games for the Eagles who times for 77 yards, including a third quarter to put Dallas of the year and is expected to outside the top 10 was in Octo- improved to 8-1, the best record 46-yard touchdown run. ahead 21-17. compete in Formula Two in ber 2014. in the National Football League. “No, not nervous,” Ajayi said The Cowboys extended their 2018 after winning the Euro- The three-time Grand Slam “Touchdowns are all great,” of his debut. “I’m confi dent in lead with a seven-yard touch- pean Formula Three champi- winner last appeared on court Wentz said. “Being 8-1 is what my talent and ability. It’s just down pass from Prescott to onship this year. at Wimbledon, losing in the it’s all about.” about, like I said, whenever I Beasley, making it 28-17. Norris, who will be 18 next quarterfi nals to American Sam Wentz also became the got my chance, just making In East Rutherford, quar- week, will attend Grands Prix Querrey. youngest player to throw at sure that I took full advantage terback Jared Goff threw four and have an active role in test- Shortly after that he was least 23 touchdown passes of it.” touchdown passes, including ing and the simulator, starting nudged off the top of the world through nine games since Dan Elsewhere, quarterback Dak three in the fi rst half, as the Los with a tire test at Interlagos rankings by Rafael Nadal, who Marino had 27 in 1984. Prescott completed 21 of 33 Angeles Rams routed the New after next weekend’s Brazilian sealed the end-of-year top spot Wentz, who was 15 of 27 for passed for 249 yards and two York Giants 51-17 at a MetLife Grand Prix. at the Paris Masters last week. 199 yards, had a good week touchdowns to lead the Dallas Stadium. He will stand in for race of practice, said Eagles coach Cowboys to a 28-17 win over the The 51 points allowed by the drivers Fernando Alonso, a Agencies Doug Pederson. Kansas City Chiefs. Giants was the most they have double Formula One world “He prepares so well each The Cowboys improved given up at home since 1999. champion, and Belgian Stoff el Page Editor: wanghuayun@ week,” Pederson said of his to 5-3 on the season thanks to Vandoorne if either is unable globaltimes.com.cn second-year quarterback. “It’s the trio of Prescott and wide AFP to compete. Tuesday November 7, 2017 23 SPORTS RoundUp

Soccer Keane gets England call Everton defender Michael Keane was on Monday called into the England squad for high-profile friendlies against Germany and Brazil, with manager Gareth Southgate forced to juggle his resources due to injury concerns. Keane, 24, played in the Toffees’ 3-2 victory against Wat- ford in the Premier League on Sunday after returning from a recent leg injury. England face world cham- pions Germany on Friday at Wembley and host Brazil at the same venue four days later as Southgate begins preparations for next year’s tournament. The former Burnley center back has four England caps, the most recent of which came in the 1-0 victory over Lithu- ania in early October. England are already without Former Tianjin Quanjian coach Fabio Cannavaro waves to fans during the club’s season review assembly on Monday in Tianjin. Dele Alli, who has a hamstring Photo: VCG injury, and there are doubts over his Tottenham teammates  Harry Winks and Harry Kane. Italian set to return to Evergrande for 2nd stint: media Winks twisted his ankle against Crystal Palace on Sun- day and Kane took a kick to his foot in the same game. Both Cannavaro quits Tianjin job will undergo further assess- ment at their club before join- ing up with England, as will Chelsea defender Gary Cahill. Former World Player of the Year national team coach Marcello Tianjin will be former Portu- would definitely be better than Fabio Cannavaro has resigned Lippi at Evergrande but was gal midfielder Paulo Sousa. A this year.” Makelele leaves Wales as coach of Tianjin Quanjian sacked half a year later. In June member of Portugal’s “Golden Cannavaro is hotly tipped as Swansea City assistant man- following “friendly discus- 2016, big-spending Quanjian Generation” along with the the next coach of Evergrande. ager Claude Makelele has left sions,” the Chinese Super hired Cannavaro after sacking likes of Luis Figo and Rui Cos- Brazilian Luiz Felipe Scolari the Premier League club to League (CSL) side announced Brazilian Vanderlei Luxem- ta, Sousa won the European left the Chinese champions become the manager of Bel- Monday, amid rumors that the burgo following a poor run that Champions League with both after his contract expired last gium’s KAS Eupen, the Welsh Italian will return to seven-time left them eighth in the second Juventus (1995-96) and Borus- week. Some media reports team said Monday. CSL champions Guangzhou division. The Italian led them sia Dortmund (1996-97). Hav- claimed that Cannavaro and Former Real Madrid and Evergrande for a second stint. to the China League One title at ing coached teams like QPR, Evergrande have already signed Chelsea midfielder Makelele Cannavaro, widely consid- the end of the year and promo- Swansea City and Leicester a contract, but neither the club joined Swansea as Paul Clem- ered one of the best defenders tion to the CSL. City, his last job was at Fioren- nor the coach has confirmed ent’s assistant manager in in the game, captained Italy to On Saturday in the final tina before being replaced by the claims. January and helped the team World Cup glory in 2006 in game of the season in Guang- Stefano Pioli in June. There had long been rumors escape relegation last season. Germany, and was awarded zhou, Quanjian defeated Ever- According to Quanjian CEO that Scolari, who led Brazil to Frenchman Makelele, 44, World Player of the Year and grande who had already sealed Shu Yuhui, the two sides have their fifth World Cup title in takes over at Eupen with the the Ballon d’Or that year. The their seventh consecutive CSL signed a one-year contract, with 2002, would not extend his club bottom of the Belgian 44-year-old led Quanjian to a title two weeks ago. With Hebei options to extend for a further contract with Evergrande, hav- first-division standings. third-place finish in their first China Fortune losing away to year. “I don’t have specific re- ing steered the club to three season in the Chinese top flight Shandong Luneng, Quanjian quirements for him,” Shu told consecutive CSL titles plus one Agencies and a berth in next year’s Asian leapfrogged the Qinhuangdao reporters about his expectations Champions League trophy in Champions League. team to a top-three finish and a of the new coach. “I believe 2015. Page Editor: wanghuayun@ In November 2014, Can- spot in the Champions League. we’ll have a good result through globaltimes.com.cn navaro replaced his former Cannavaro’s successor in our hard work next year, which Global Times West Ham United dismiss manager Bilic, Moyes tipped as successor

SOCCER “West Ham United can confirm that Former Everton, Manchester United brief and unsuccessful spell with Real Slaven Bilic has today left his position and Sunderland manager David Moyes, Sociedad in Spain, said, “I am interested West Ham United have sacked manager with the club,” West Ham said in a state- who is currently out of work, has been but at the moment that vacancy has not Slaven Bilic after they dropped into the ment. strongly linked with the position. become available. I know what Slaven relegation zone following Saturday’s 4-1 The club said they “believe a change Moyes told beIN Sports on Sunday must be going through.” home defeat by Liverpool, the Premier is now necessary in order for the club to that he was willing to take on the chal- Bilic, who played as a defender for League club said Monday. move forward positively and in line with lenge of keeping the Hammers in the West Ham, has been under pressure The Croatian replaced Sam Allar- their ambition.” Premier League. throughout this campaign and although dyce in June 2015 and led West Ham “The club’s search for a new manager “I’ve always said I want to go back a League Cup win over Tottenham to a seventh-place­ finish in his first to take West Ham United forward is un- into club management. If the right op- bought him time, a draw at bottom club ­season. He also oversaw their move to derway and an announcement regard- portunity comes around, I’ll be inter- Crystal Palace and the heavy home loss the ­London Stadium but has won just ing Bilic’s successor is expected to be ested,” he said. to Liverpool sealed his fate. two out of 11 league games in this cam- made over the coming days,” the state- Asked about West Ham before Bilic’s paign. ment added. sacking, the 54-year-old, who also had a Reuters SPORTS 24 TUESDAY NOVEMBER 7, 2017

James Harden of the Houston Rockets  goes to the basket against the Utah Jazz Celtics continue hot streak on Sunday in Houston, Texas. Photo: VCG Harden erupts for 56

James Harden was an un- balanced attack to win their stoppable force, pouring in a 2017-18 eighth straight game with a career-high 56 points as the NBA 104-88 victory over the Orlan- Houston Rockets rolled over do Magic. the visiting Utah Jazz 137-110 on Sunday. Second-year guard Jaylen Brown scored a The All-Star guard Harden also had 13 as- team-high 18 points for Boston. sists and made 19 of 25 shots from the field Al Horford had 14 points and 10 rebounds as he finished just one point shy of the team as the Celtics improved to 8-2 on the season. record of 57 set by Hall of Fame guard Calvin Jayson Tatum scored 13 points, and Marcus Murphy during the 1977-78 season. Morris, in his first start of the season after re- The 28-year-old American missed his final turning from a knee injury, had 12 points and four shot attempts in pursuit of the franchise seven boards. mark before leaving the game for good. Aaron Gordon led the Magic with 18 points “No,” Harden said when asked if he was and 12 rebounds. Jonathon Simmons had aware of the franchise mark. “We won, right?” 14 points for Orlando, while Nikola ­Vucevic Harden finished seven of eight from three- ­tallied 13 points, 10 rebounds and seven point range while making 11 of 12 free throws. ­assists. With his final basket in the third quarter, In Cleveland, Dennis Schroder scored 28 Harden surpassed his previous career high of points and the shorthanded Atlanta Hawks 53 points. put the brakes on their eight-game losing Houston hit 23 of 39 three-point attempts, streak by beating the Cleveland Cavaliers 117- with guard Eric Gordon shooting six of 11 115. from deep while adding 20 points. The Hawks built a 16-point lead in the Trevor Ariza tallied 14 points while making fourth quarter but nearly let it slip away. four of eight three-pointers. Nene added 13 off Channing Frye missed a three-pointer with the bench. one second to go that would have won it for All five Utah starters scored in double Cleveland, and Dwyane Wade’s missed tip-in figures, but rookie guard Donovan Mitchell at the buzzer would have tied it. came off the bench to pace the Jazz’s offense The Hawks, who were without five key with 17 points. players, had not won since the opening night. The Jazz darted to a 10-2 lead before the The Cavaliers are also struggling and Rockets stormed back behind Harden, who have lost five of their last six games. LeBron scored 30 first-half points and made his first James scored 10 of his 26 points in the fourth 10 shots en route to his sixth career 50-point ­quarter, Kyle Korver added 23 and Wade fin- Page Editor: game. ished the game with 25 points. wanghuayun@ Elsewhere, the Boston Celtics used ­another globaltimes.com.cn smothering defensive performance and a AFP

Clear NATIONAL City Hi (ºC) Lo (ºC) Forecast November 7 Dali 22 5 Shower WEATHER Guilin 21 16 Overcast Hangzhou 23 13 Overcast Cloudy H: 18º H: 6º Kunming 17 6 Shower Beijing L: 4º Harbin L: -4º Lijiang 19 1 Shower H: 9º Urumqi L: 0º Humidity: 34% Macao 24 20 Shower Wind Scale: 4 Nanjing 22 13 Overcast Daily Air Pollution Index: Qingdao 19 10 Cloudy Overcast Low Sanya 28 24 Rain UV Index: Low Shenyang H: 16º Two-day forecast L: 1º Shenzhen 25 20 Rain Suzhou 21 14 Cloudy

Rain H: 13º H: 12º INTERNATIONAL L: 5º L: 4º City Hi (ºC) Lo (ºC) Forecast

H: 16º Amsterdam 10 1 Rain Tianjin L: 6º Bangkok 31 24 Rain Berlin 9 3 Cloudy Shower Brussels 8 -1 Rain H: 9º H: 18º Hohhot L: -2º Xi’an L: 8º Cairo 22 12 Cloudy Colombo 31 24 Rain H: 23º Frankfurt 10 4 Rain Shanghai L: 15º Thunder H: 23º Karachi 36 21 Clear Chengdu L: 15º Kuala Lumpur 27 25 Rain London 10 4 Rain Manila 31 24 Cloudy Melbourne 13 7 Rain H: 14º Mexico City 22 8 Clear Wind Lhasa L: -2º Moscow 5 0 Sleet H: 29º Mumbai 34 22 Cloudy H: 25º H: 22º Taipei L: 23º Chongqing L: 16º Wuhan L: 10º Nairobi 25 15 Rain New York City 19 7 Rain Snow Paris 9 -1 Rain Rome 17 9 Rain H: 23º Guangzhou L: 17º San Francisco 12 7 Rain Sao Paulo 19 14 Rain Seoul 21 12 Rain Smog Singapore 29 24 Rain H: 26º Hong Kong L: 22º Sydney 19 14 Rain Tokyo 21 12 Rain Washington 22 7 Rain Biz Update Biz Comment Biz Insight More market Strong case for China’s opening needed B&R initiative blooming B2 B7 biotech Biz Overview B8 Appliance patent battle ‘heads for truce’ B4-5

www.globaltimes.cn BUSINESSTUESDAY NOVEMBER 7, 2017 TRADE too much free time and just sits around said. “It’s our country’s policy [to im- By Wang Cong “We are a border doing nothing but sanctioning North plement the UN resolutions]. Whatever Korea.” we are told to do, we just follow.” Unilateral sanctions issued by the US town and a lot of the Ma said he has stopped his business Commenting on Friday on the US following a slew of resolutions from of importing seafood from North Korea sanctions against Bank of Dandong, the UN Security Council have inflicted businesses are related since September 2017 after such im- Hua Chunying, a spokeswoman for the serious damage on the local economy to North Korea. Now ports were banned by the Chinese gov- Ministry of Foreign Affairs, slammed of Dandong in Northeast China’s Lia- ernment and he is still trying to figure the US action as an overreach of juris- oning Province, putting many local they have all stopped out what to do next. diction. residents out of work and forcing busi- “I don’t even know what to do… “China, as a UN Security Council nesses to close, local residents and ex- and there is just We are a border town and a lot of the permanent member, has always fully, perts said on Monday. nothing to do.” businesses are related to North Korea. accurately, seriously and strictly imple- Residents in the border city slammed Now they have all stopped and there is mented the Security Council’s resolu- what they described as the latest “US just nothing to do,” Ma told the Global tions related to North Korea and carried bullying measures” against a local bank Ma Zhongpeng Times on Monday, adding that compa- out its due international obligations,” A Dandong resident based on “groundless” claims that the nies in the coal, clothing and seafood Hua said. “At the same time, we also bank has been assisting North Korea’s sectors that dealt with North Korea firmly oppose any country exercising nuclear program. They also said lo- Lü Chao, a research fellow at the Lia- have all closed. so-called long-arm jurisdiction on other cal banks and businesses have already oning Academy of Social Sciences, told Lü said investigations by the Liaon- countries in accordance with its domes- stopped doing business with North Ko- the Global Times on Monday. ing Academy of Social Sciences showed tic laws.” rea, following China’s implementation Lü said that though Bank of Dan- that the UN Security Council resolu- Given Dandong’s close proximity to of the resolutions passed by the UN Se- dong is a local bank, it has “many over- tions have had a big economic impact North Korea, it is normal that some of curity Council. seas businesses, and the baseless US on Dandong and other border towns in its business is connected to the country, The US Department of the Treasury sanctions will definitely hurt the bank’s the province. but “the US claims are exaggerated and announced on Friday a ruling that pro- business.” baseless,” Lü said. hibited US financial institutions from The US sanctions against Bank of ‘Baseless’ US claim “The Chinese government has al- doing business with Bank of Dandong, Dandong come in the wake of huge “Local businesses and the overall ready conducted investigations into saying the bank was serving as a gate- economic damage locally resulting economy have already paid a big price businesses, including banks and com- way for North Korea to access the US from the previous UN resolutions as a result of the UN sanctions on panies, in Dandong and other border and international financial systems de- against North Korea, angering many North Korea and I think a lot of the regions and banned any business op- spite US and UN sanctions. residents in the city. companies accepted that this is part of erations violating the UN resolutions, Bank of Dandong could not be “The US hasn’t even figured out its the country’s implementation of the and for the US to make such an ac- reached for comment on Monday, but own domestic problems but still wants UN resolutions. But unilateral, base- cusation without any evidence, it just local people familiar with the matter to tell others what to do,” Ma Zhong- less actions from the US really anger doesn’t make any sense,” he said. painted a dire picture of the bank’s peng, a resident of Dandong, said in an many people,” Lü remarked. business following the US move. angry voice. “I think it [the US] has got “There is nothing we can do,” Ma Page Editor: “Obviously, the [US] decision will [email protected] have a huge impact on the bank be- cause it has limited the bank’s business geographically. The bank now needs to close down all the overseas accounts,” A view of Dandong in Northeast China’s Liaoning Province in December 2016 Photo: VCG Dandong angry at US sanctions  Chinese border town hit by ‘bullying measures’

Page Editor: [email protected]

Send your tips, insights or photos to [email protected], or call our news line: +86 10 6536 7583 Address: The Global Times English Edition, 2 Jintai Xilu, Chaoyang District, Beijing 100026 B2 Tuesday November 7, 2017 BIZUPDATE  Domestic potential still untapped by overseas investors, says expert Conditions ripe for capital market opening

MARKETS protection and risk management; and more and more foreign investors have financial market. The time is right for China’s capital mar- technically, local stock exchanges are in gained access to the country’s large capi- The Shanghai-Hong Kong bond con- ket to open wider to the world as more good condition, showcasing the coun- tal market by setting up joint venture in- nect program, which was approved in favorable conditions have emerged, said try’s favorable conditions for opening up vestment banks and fund management May this year, allows investors from Wu Qing, chairman of the Shanghai its capital market. companies, according to Wu. both sides to trade bonds on each other’s Stock Exchange (SSE). Progress has already been made in Sales of panda bonds – the yuan- interbank markets. “Stable and sound economic devel- this respect, Wu said. denominated debt sold in China by for- But despite the progress, China opment has laid a solid foundation for “Key symbols of the capital market eign firms or governments – on the SSE should not slacken its efforts to further the country to further open up its capital opening to the world range from the alone have amounted to 90 billion yuan open up its capital market in order to market,” said Wu in an exclusive inter- [dollar-denominated] Qualified Foreign ($13.6 billion), accounting for nearly half make it more compatible with the na- view with Xinhua. Institutional Investor (QFII), Renminbi of the total issuance. tional strength, according to Wu, who In his opinion, the yuan exchange rate Qualified Foreign Institutional Investor By the end of July this year, the ac- said the SSE has initiated a research pro- and cross-border capital flows remain (RQFII) and Qualified Domestic Insti- cumulated issuance of Panda bonds gram to study the possibility of a Shang- stable; the country’s foreign exchange tutional Investor (QDII) programs, and reached 194 billion yuan, according to hai-London stock connect. reserves are staying at a reasonable level; the Shanghai-Hong Kong Stock Con- data from the People’s Bank of China, The SSE became part of the United the Belt and Road initiative is gaining nect to the MSCI’s inclusion of Chinese the central bank. Nations Sustainable Stock Exchange Ini- more and more responses; market regu- A shares [in its Emerging Markets In- The country has been stepping up tiative in September. lators have accumulated rich experience dex],” said Wu. efforts in recent years to offer foreign in cross-border supervision, investment Thanks partly to these measures, investors wider access to the domestic Xinhua

Fruity festival China to implement unified negative list nationwide in 2018

POLICY Foreign investment relating China will implement a unified to national security should un- negative list nationwide next dergo a security review based year, after which all companies on relevant laws, according to operating in China will enjoy Yi. the same market access condi- Yi noted that the pilot proj- tions, industry website cfi.cn ects for carrying out the nega- reported on Monday, citing a tive list approach in four free senior Chinese official. trade zones in Shanghai, North Regardless of whether they China’s Tianjin, East China’s are State-owned or private, Fujian Province and South Chi- domestic or foreign, large na’s Guangdong Province have or small, all enterprises in “achieved positive results,” with China will be “treated equally the market playing a bigger role in rights, opportunities and in resource allocation. regulations” under the new ap- Also, the number of items proach, Yi Gang, vice president listed in the negative list for of the People’s Bank of China, foreign investment in the four the country’s central bank, said trade zones have been reduced in the article, which elaborated from 190 in 2013 to 95 in 2017, People dance at the Malaysia Durian Festival in Nanning, capital of South China’s Guangxi the reports from the 19th Na- according to Yi. Zhuang Autonomous Region on Sunday. The local government said that the trade volume tional Congress of the Commu- between Guangxi and Malaysia reached 3.43 billion yuan ($517.23 million) in the first nine months nist Party of China. Global Times of this year, up 60.9 percent year-on-year. Photo: VCG Challenges remain for foreign trade: MOFCOM RoundUp TRADE COMMERCE China seeks WTO aid Tax break for small firms ECONOMY rich and poor, the current wave in the global. China’s Ministry of Commerce has China will exempt banks’ interest China’s foreign trade will face of anti-globalization sentiment, Some multinationals have asked the World Trade Organiza- income from loans to small firms some difficulties and chal- and slow progress in multi- chosen to relocate their produc- tion (WTO) for consultations and rural households from value lenges in 2018, the Ministry of lateral trade talks threaten the tion capacities from China to on a recent US move to impose added tax, authorities said on Mon- Commerce (MOFCOM) said recovery process for the global other emerging economies and antidumping duties on imports of day, in the latest step to address on Monday in a report outlin- economy. this will damage China’s pro- Chinese aluminum foil. the long-standing issue of a lack of ing the growth prospects for China, the world’s largest cessing trade, the report said. The ministry, which accused financing for small firms. foreign trade in 2017 and 2018. exporter and second-largest im- Despite these difficulties, Washington of breaking world trade The policy will be put into effect Although the world econo- porter, has been the largest vic- the report still maintained that rules after the US on October 27 im- from December 1, 2017 to the end my is recovering, structural is- tim of global trade friction, af- China in 2018 will continue its posed duties of up to 162 percent of 2019, the finance ministry and sues persist, such as low salary fecting both its labor-intensive progress toward higher quality on Chinese foil imports, said late on tax administration said, while con- growth, relatively weak employ- products and capital-intensive trade as well as upgrading its Friday it had submitted the request tracts for loans to small firms will ment levels and fragile growth products such as steel, the re- industries and pushing the de- for supplementary consultations also be free of stamp taxes from momentum, the report said. port said. velopment of markets along the under the WTO dispute resolution 2018 to 2020. Global trade and investment Chinese exporting firms will Belt and Road route. mechanism on November 3. The supportive policies will is still at a weak level, with cross- face a tougher battle in compet- The move comes as US Presi- apply to loans of 1 million yuan border investment volume in ing for a share of global mar- Global Times dent Donald Trump prepares to ($150,750) or less, said the notice 2016 lagging far behind the kets as manufacturing has been visit China. In August, the US made posted on the finance ministry’s peak volume of 2007, noted the emphasized in recent years by Page Editor: a separate preliminary decision to website. report. And trade protection- developed countries, who now [email protected] impose countervailing duties on ism, a widening gap between want a bigger share of exports Chinese aluminum foil. Reuters Tuesday November 7, 2017 B3 BIZMARKETS Market-rates X-rates

Shanghai Composite SZSE Component CSI 300 SZSE ChiNext Hang Seng Index 1 US dollar = 6.6247 yuan 0.49% 1.41% 0.71% 0.95% -0.02% 1 euro = 3,388.17 11,373.74 4,020.89 1,850.30 28,596.801 7.6928 yuan

1 British pound = 3,377.62 11,320.89 4,011.99 1,838.74 28,603.61 8.6658 yuan

3,371.74 11,268.04 4,002.35 1,832.97 28,450.72 100 Japanese yen =

3,365.87 11,215.19 3,992.70 1,827.19 28,297.83 5.8022 yuan 1 Hong Kong dollar = 9:30 11:30/13:00 15:00 9:30 11:30/13:00 15:00 9:30 11:30/13:00 15:00 9:30 11:30/13:00 15:00 9:30 12:00/13:00 16:00 0.84903 yuan  Govt debts continue to offer tempting yields for investors: experts Offshore buyers raise holdings of Chinese bonds

Offshore institutions raised (CCDC), the country’s primary Chinese government bonds. sification perspective, especial­ first time in September. their holdings of Chinese clearing house. Offshore holdings of all Chi­ ly given likely low percentage The yuan gained 0.3 percent bonds in October, the eighth The data showed that off­ nese bonds cleared by CCDC holdings as a start,” said Fran­ against the US dollar in Octo­ straight month of increases, as shore investors accounted for rose 142.5 billion yuan in the ces Cheung, head of Macro ber after losing about 1 percent a firmer yuan boosted the at­ 4.7 percent of Chinese govern­ first 10 months of the year. Strategy for Asia at Westpac. of its value against the green­ traction of relatively high yields ment bond holdings in Octo­ Market players say Chinese The yield on benchmark back the month before, its big­ on Chinese debt. ber, up from 4.5 percent in Sep­ government debt continues to 10-year Chinese government gest monthly loss since Novem­ Holdings of Chinese trea­ tember. offer tempting yields for off­ bonds was at 3.876 percent on ber 2016. sury bonds by overseas inves­ Offshore investors increased shore investors, particularly as Monday, down 6 basis points Some analysts said the yuan tors rose 32.9 billion yuan in their holdings of all forms they look for opportunities to from three-year highs reached would likely face some renewed October to 559.1 billion yuan of Chinese bonds cleared by diversify into Chinese fixed- last week. downward pressure soon, ($84.3 billion), according to CCDC by a net 25.3 billion yuan income securities. Total foreign holdings of weighed by strength in the US Reuters’ calculations based on in October to 921.3 billion yuan, “Onshore [Chinese yuan] bonds cleared by CCDC and unit. data from the China Central with sales of policy bank bonds assets are attractive for foreign the Shanghai Clearing House Depository and Clearing Co partly offsetting the increase in investors from a portfolio diver­ surpassed 1 trillion yuan for the Reuters – Global Times

Consumer, healthcare Welcoming Trump An employee makes firms support stocks American flags in a factory in Wuyi county, East China’s Zhejiang Province TOCKREVIEW on Monday. The factory S is busy producing 50,000 flags for a foreign client. That flag batch is among Chinese mainland stocks ended higher on Mon­ the many orders the factory day as robust gains in consumer and healthcare has recently got from Asian firms helped the market recoup earlier losses af­ countries like Japan, South ter curbs out of the Chinese government weighed Korea and Vietnam, and on the banking and property sectors. will be used to welcome The blue-chip CSI300 index rose 0.71 percent the arrival of US President to 4,020.89 points, while the Shanghai Com­ Donald Trump. Trump posite Index closed up 0.49 percent at 3,388.17 landed in Japan on Sunday, points. the first Asian country he is Consumer and healthcare firms led the gains visiting on his 12-day tour of with Yonghui Superstores surging 9.61 percent the region. Photo: VCG to a new peak. An index tracking healthcare firms advanced 3.50 percent to its highest level since its launch in early 2005. “The robust gains in those sector leaders re­ Dalian iron ore hits 2-week high as output curbs lift steel flect a change in investing philosophy that at­ taches more attention to solid fundamentals,” said Yan Kaiwen, analyst with China Fortune Chinese iron ore futures climbed to through March, Hebei will also limit at 458 yuan, the highest since Octo­ Securities. their strongest level in almost two steel and iron output by 50 percent ber 25. The change is aided in part by the participation weeks on Monday, tracking firmer in major producing cities includ­ While the recent curbs on steel of foreign investors, in particular the inclusion of steel prices after China’s top steel ing Tangshan, Handan and Shi­ production in China have weighed on China’s A shares into an MSCI index, which is producing province surpassed its ca­ jiazhuang, Xinhua reported. spot iron ore prices, ANZ commod­ expected to bring in billions of dollars, Yan noted. pacity reduction targets for the year. The measures are in line with Chi­ ity strategist Daniel Hynes said “the But the banking sector extended losses, after Expectations that demand for the na’s output restrictions for industrial market is getting increasingly bullish China’s central bank spelt out a strategy to pre­ steelmaking raw material would pick plants including steelmakers, helping about demand in 2018.” vent a future financial crisis, urging broadened up after China’s steel production tighten supply. The most-traded rebar “With expectations of underly­ equity funding and direct finance to reduce cor­ curbs over winter also underpinned on the Shanghai Futures Exchange ing demand to remain strong, this porate leverage and eliminate “zombie” compa­ prices. rose as far as 3,750 yuan ($566) a ton, should see pent up demand hit the nies. North China’s Hebei Province its loftiest since October 26. It was up market when the curbs end,” Hynes The property sector also dropped 1.70 percent, has slashed 25.55 million tons of its 2.89 percent at 3,736 yuan. said in a note. on news that Beijing had tightened controls on steelmaking capacity so far this year, Steel’s gains helped push up pric­ down payments for home buyers and had created ahead of its annual target, the official es of raw materials iron ore and cok­ Reuters – Global Times a new loan product aimed at renters to promote Xinhua News Agency reported on ing coal. the rental housing market. Friday. Iron ore on the Dalian Commodity Page Editor: zhangye@ To further curb pollution during Exchange was last up 6.12 percent at globaltimes.com.cn Reuters – Global Times winter, which lasts from November 468 yuan per ton after earlier peaking B4-5 Tuesday November 7, 2017 BIZOVERVIEW

u Figuratively Speaking Aroundtheworld uLEGAL sponded to the Global Times’ request of patent violations they each claimed By Chu Daye and Xie Jun for comment as of press time on Mon- “In the past, Gree often and the amount of compensation they COSCO Ports in Abu Dhabi Brazil deals for Dakang day. each sought were relatively similar. China’s COSCO Shipping Ports Hunan Dakang International Shares of Midea Group Co and Zhu- Investors reacted favorably to the re- had the upper hand If such a deal is reached, Liu said it Delivery time for cargo shipments by China Railway on and Abu Dhabi Ports broke Food & Agriculture Co has ac- hai Gree Electric Appliances Inc, two port, with shares of Midea up 4.03 per- over Midea in patent would mean that Midea is catching up the Fuxing bullet train between ground at Khalifa Port on Sun- quired a 54 percent stake in Be- of China’s leading appliance makers cent to 52.69 yuan and those of Gree up quickly with Gree in terms of techno- Beijing and Shanghai from day, where a new container ter- lagricola and 49 percent of Land- based in South China’s Guangdong 4.06 percent to 43.53 yuan. The Shen- disputes. But now, the logical research and development. 10 hours November 11 to 20, CCTV minal will be built, according to Co, both based in Brazil. Province, outpaced the benchmark zhen Component Index, which mea- “In the past, Gree often had the up- reported on Monday. a post on the website of National The total cost was $253 mil- Shenzhen stock index on Monday fol- sures the performance of the Shenzhen fact that Gree is likely per hand over Midea in patent disputes. Development and Reform Com- lion and the transaction has been lowing media reports of moves toward bourse where the companies are listed, But now, the fact that Gree is likely to mission (NDRC) on Monday. completed, the company said in a a negotiated settlement in a dozen rose 1.41 percent. to settle shows that settle shows that Midea’s patent bank COSCO Shipping Ports will statement on Saturday. lawsuits involving intellectual property Both companies are industrial Midea’s patent bank has has grown fast recently,” Liu said. By The value of China’s shadow build the infrastructure and op- In the next two years, Dakang rights (IPR). champions in the domestic home ap- the end of 2020 at the latest, Midea banking assets expressed as a erate facilities that will initially be plans to integrate the business of The Beijing-based Securities Daily pliance sector. grown fast recently.” should draw even with Gree in terms of proportion of GDP on June 30, able to handle 2.5 million stan- Belagricola with that of Fiagril, reported on Monday that Gree may have According to the 2016 State of Inno- business performance, Liu added. down from a peak of 86.5 percent dard-sized containers annually. a Brazilian grains company that recently approached Midea to discuss vation compiled by Thomson Reuters, Liu Buchen Li said the case is important in the 82.6% in 2016, Moody’s Investors Service said on Monday. At the ceremony, Ning Jizhe, Dakang acquired in 2016. The an out-of-court settlement for 12 cases, Midea ranked No.1 among the top 10 Senior home appliance industry analyst context of the Made in China 2025 strat- vice chairman of the NDRC, said combined operations will ac- which may be the reason why hearings Global Innovators in home appliances, egy, which calls for innovation-driven in his address that it marked an count for 10 million tons in agri- in these cases have yet to open. with Gree at No.2. growth. “If cross-licensing is achieved, important milestone, and the cultural trade, the statement said. After Gree fi led a lawsuit against Li Junhui, a professor at the China Confrontation over IPR can also be the two companies together can better Market capitalization of Hong cooperation has entered into sub- Midea in June, demanding compensa- University of Political Science and Law, seen as competition in another form,” guard against risks from potential pat- Kong-listed Tencent Holdings. stantive stage. Global Times tion of 50 million yuan ($7.54 million), told the Global Times on Monday that Li said. ent lawsuits in overseas markets,” Li The shares hit a record high of Midea fought back with four lawsuits the lawsuits come as the two giants However, patent lawsuits are unique said. HK$378.2 on Monday and closed fi led in multiple cities with a total value square off over the air conditioning seg- in that many such cases can be settled According to Liu, if Midea and Gree HK$3.58tr at HK$377, up 2.45 percent. of 50 million yuan. ment, which is increasingly dominated out of court if the adversaries are equal settle their disputes, they will share the Lotte gets approval for Chengdu Altogether, there were suits with a by innovation and high technology. in technological strength and opt to co- patents involved in the cases. gross value of “hundreds of millions of “Compensation for IPR violations in operate rather than compete by such “I think patent lawsuits are not a bad property project as tensions ease yuan,” according to the report. China has risen continually in recent means as cross-licensing, Li noted. thing for China’s manufacturing indus- Neither company re- years, providing a way for a company Liu Buchen, a senior home appli- try. It shows that companies are attach- Minimum sales of Kweichow to get a return from protecting its IPR. ance industry analyst, said it’s possible ing increasing importance to patents. Moutai, China’s top liquor uINVESTMENT from 2017 earnings will improve that Midea and Gree will reach a nego- Such suits also raise domestic compa- brand, expected in 2018, the Lotte Corp said on Monday that drastically as relations between tiated settlement because the number nies’ awareness of how important pat- 28,000 tons company said in a statement to a major property development South Korea and China get bet- ents are for their business,” he noted. the Shanghai Stock Exchange on Monday. in China had received approval ter and Chengdu is one piece of from local authorities to start a news that is adding to that,” said second phase of construction Joo Young-hun, an analyst at Eu- – the latest sign that tension be- gene Investment & Securities. Xiaomi smartphones shipped tween China and South Korea is But construction at Lotte’s in the fi rst 10 months of 2017, easing. project in Shenyang, capital of meeting the full-year target, said The announcement comes Northeast China’s Liaoning Prov- CEO Lei Jun, domestic news site one week after an unexpected de- ince, which covers 1.45 million 70m jiemian.com reported Sunday. tente between the two countries, square meters, remains suspend- which have been at odds over the ed, said the spokesman for Lotte deployment of the US Termi- Corp, the conglomerate’s holding nal High Altitude Area Defense company. Appliance patent battle ‘heads for truce’ (THAAD) missile system in Construction has been halted RoundUp South Korea. And Lotte has been since a December inspection for u among the hardest hit by the po- fi re hazards. Lotte plans to build Midea, Gree nearing negotiated settlement of court cases litical tension. apartments and a theme park at DEALS A Lotte spokesman said the the Shenyang project in addition Qatar takes stake in Cathay Pacifi c approval to build commercial to a department store and a mov- Qatar Airways announced on Monday that it has acquired complexes at its 66,000-square- ie theater that are already open. a 9.61 percent stake in Hong Kong-based Cathay Pacifi c meter site in Chengdu, capital of Lotte’s retail outlets have been Airways, according to a fi ling the Middle Eastern carrier Southwest China’s Sichuan Prov- particularly hurt by the political sent to the Qatar Stock Exchange the same day. ince, worth some 1 trillion won tension with most of its super- The purchase will make Qatar Airways the third-largest ($899 million), came on Octo- markets in China shut down. shareholder in Cathay after Swire Pacifi c and Air China. ber 31, the same day that the two They are set to be sold for a frac- Gree airconditioners are seen at a Zhou Feng, secretary of the board of Air China, said store in Yichang, Central China’s Hubei countries announced they had tion of what it invested. the national carrier welcomes the deal because the new Province on June 14, 2016. File photo: IC agreed to mend ties. investor is professional in the aviation industry and can “Investors are hoping that Reuters – Global Times produce operating synergies. Cathay has struggled in recent years due to increasing competition from rivals from the Chinese mainland and in Shanghai on Friday. diff erent ways including fi nanc- “Those projects are proceed- other low-cost carriers, news website ifeng.com reported. B&R fi nancing channels expand, But she noted that such popu- ing and risk mitigation, accord- ing quite well currently, but they New regulations for Singles’ Day shopping promotion larity does not apply to all B&R ing to Marrs. will last many years, say, over 10 CONSUMER particularly in Pakistan and India markets. In Africa, for example, Marrs also told the Global years for many projects. It's easy JD-China Unicom cooperation it is sometimes diffi cult for Chi- Times that when she traveled to to get the fi rst bucket of gold, uE COMMERCE ministration for Industry and Com- said, noting there’s a time gap between A smart life experience store, a cooperation project be- nese companies to fi nd banks some of the B&R markets, the but we should also pay atten- By Dong Feng merce on Thursday. payment and delivery, resulting in the tween e-commerce platform JD.com Inc (JD) and telecom uINFRASTRUCTURE sifi ed in recent few years, with that are willing to give fi nancial business leaders she talked to tion to risks that will arise later. The Alibaba Platform Governance risk during the transaction. services provider China Unicom, debuted in Guangzhou, By Xie Jun participation by not only govern- support to their expansion. all said that B&R investment is a Risk management is a long-term With the Singles’ Day shopping promo- Department said in a Weibo post on “Anonymity is another problem in South China’s Guangdong Province over the weekend, ments but also commercial in- “At this point, fi nancing for “once-in-a-century” opportunity. task,” Zhang said. tion on November 11 fast approaching, Monday that the company fully sup- virtual platforms. Although anonymity news website thepaper.cn reported on Monday. Financing for the China-pro- stitutions and private organiza- the B&R initiative is mostly via “Some of them told me that According to Zhang, risks re- some Chinese government agencies ports the regulations. It said that only gives users some privacy, it also creates It’s the fi rst project between the two after JD, along posed Belt and Road (B&R) ini- tions. the Chinese government and B&R is not only about import- lated to B&R projects include for- have announced new policies intended a “law-based approach” would mean an opportunity for online fraud, reduc- with other strategic investors, jointly acquired 9 billion A tiative is "not without challenges" Financial institutions in cer- related Chinese fi nancial institu- ing Chinese money, but also eign currency risks, operational to crack down on click farming, specu- that all e-commerce and social media ing the trust level for online transac- shares of State-owned China Unicom in August as part of but increasingly there are more tain B&R markets, such as in tions,” Zhang noted. “However, about importing Chinese infra- risks (especially due to lack of lation and deletion of negative com- platforms could establish a reputable tions,” Cao noted. its mixed-ownership reform. channels of funding that are Pakistan and India, are especially an initiative as ambitious as this structure capabilities. They don't understanding of the operating ments. business and improve the market envi- Cao also pointed to gaps in legisla- The experience store will include new technologies available, senior executives from enthusiastic about providing cap- requires collaborative eff orts, as believe they can do these things countries) as well as increasing Singles’ Day or Double 11 is an an- ronment. tion, platform governance and manage- such as facial recognition and user identifi cation, in line the UK-based Standard Char- ital support, said Jerry Zhang, ex- Chinese fi nancial institutions [infrastructure construction] geopolitical risks with the rising nual shopping spree launched by Chi- “There are several reasons that click ment. with the “New Retail” concept, industry website techweb. tered Bank said in a note sent to ecutive vice chairman and chief alone will not be able to fi ll the without help from China,” Marrs level of protectionism. nese e-retailer Taobao in 2009. farming, fake products and fraud ex- “With the recently updated law for com reported. the Global Times on Monday. executive offi cer at the Standard fi nancing gap. Commitments noted. China's trade with B&R coun- To improve the regulation of e- ist in the e-commerce sector,” Cao Lei, countering unfair competition, plus the Anna Marrs, the bank's re- Chartered Bank (China). from other countries and the pri- Zhang said that based on the tries and regions reached 6.3 tril- commerce, various government de- director of the Hangzhou-based China Anti-monopoly Law and Contract Law, Global Times gional CEO for South Asia and “For example, in Pakistan, vate sector are necessary.” B&R projects that Standard Char- lion yuan ($949 billion) in 2016, partments will take steps to regulate e-Business Research Center, told the regulatory gaps will be fi lled,” Cao said. Southeast Asia, said that fi nanc- lenders are in very fi erce compe- The Standard Chartered Bank tered Bank has been engaged in, up 0.6 percent year-on-year, promotional campaigns during the Global Times on Monday. He added that more focus will be Page Editor: ing channels for B&R projects tition to win clients,” Zhang told in 2016 was involved in more they haven’t seen any major is- news website people.com.cn re- festival, according to an announcement “Information asymmetry limits placed on governance and manage- [email protected] have become increasingly diver- the Global Times in an interview than 40 B&R-related projects in sues at this point. ported in February. posted on the website of the State Ad- trust between buyers and sellers,” Cao ment in the next move. B6 Tuesday November 7, 2017 BIZCOMMENT Competition, cooperation exemplify China-India ties

By Mao Keji becomes, the bigger the trade deficit gapore, Mauritius and other offshore Despite the limited propor- with China will be, and that can easily financial centers. Some investment s the two fastest-growing major be used as an excuse for promoting experts estimate that the true size of economies in the world, China tion of Chinese investment extreme nationalism by some political Chinese investment in India may be Aand India are always in the spot- in India, the exposure and forces in India. three times the official figures. light of global markets. As they both Compared with trade, investment But although Chinese investment in compete and cooperate, the outlook for impact of Chinese invest- is the biggest bright spot in Sino-India India has grown rapidly by value, it only their economic and trade relationship is ment is much bigger. economic and trade relations in recent accounted for just 0.5 percent of total also getting much attention. years. foreign capital inflows into that country Since Indian Prime Minister Na- Official statistics show that China in 2016. rendra Modi took office in 2014, the Since Modi took office, the Sino- is India’s fastest-growing source of Interestingly, despite the limited government has rolled out a series of India economic and trade relationship foreign capital, with a ranking jumping proportion of Chinese investment reform measures under the “Make in has largely been a microcosm of India’s from 35 in 2011 to 28 in 2014 and 17 in in India, the exposure and impact of India” and “Digital India” initiatives. In overall economic performance. China’s 2016. The annual investment flow also Chinese investment is much bigger. spite of a slowdown in global economic investment in India has increased rap- increased from $102 million in 2011 to That is mainly because most Chinese- growth, the Indian economy – with its idly, but India’s exports have remained $1 billion in 2016. The data only covers funded projects in India are involved late-mover advantage, broad market, sluggish, and the country still has a investment moving directly from the in the smartphone, home appliance, low labor costs and Modi’s reform divi- large trade deficit with China. In 2016, Chinese mainland; in reality, a large mobile app, e-commerce, high-end real dend – grew 7.5 percent, 8 percent and bilateral trade amounted to $70.8 bil- amount of Chinese capital may flow estate and other fields that are involved 7.1 percent in the fiscal years of 2014- lion, a decline of 2.1 percent from the into India through Hong Kong, Sin- with daily living needs and that heavily 15, 2015-16 and 2016-17, respectively, previous year. Meanwhile, India’s trade use technology. overtaking China as the fastest-growing deficit with China continued to rise, For instance, in order to meet the major economy in the world for three reaching a whopping $46.56 billion in requirement for parts localiza- consecutive years. 2016. After India curbed exporting raw tion, Haier, Midea, TCL, While some experts doubt that materials like iron ore to China in 2012, Xiaomi and Huawei India’s GDP data is overstated under it failed to find other export products have all built produc- the adjusted statistical methodology, suitable for the Chinese market, leading tion lines in India. the booming investment market has, to to further trade deficits. If India can- According to data from a certain extent, proved that economic not adjust its industrial structure IDC in May, Chinese growth is robust. India’s unique growth in a timely manner, then the smartphone makers prospects have made it one of the most closer its trade relation- shipped 51.4 percent attractive investment destinations in ship with China of all smartphones the global capital markets. According shipped in India during to data from the Indian Ministry of the first quarter of 2017. Commerce and Industry, foreign direct Xiaomi, Vivo, Lenovo and investment (FDI) inflows hit a record Oppo held the second, third, of $60.1 billion in 2016-17, up from fourth and fifth positions in $55.6 billion in the 2015-16 fiscal year. terms of market share. Sam- Amid global liquidity contraction and sung occupied the top position. overall capital outflows from emerging The risks of investing in India markets, FDI inflows into India have should not be underestimated. maintained steady growth, reflecting In addition to the obvious risks of global investors’ confidence. the business climate and industrial Even though foreign investment environment, Chinese companies inflows accelerated, India’s exports should be aware of lurking dangers were weak during the same period, in overheating sectors, like consumer falling 1.29 percent in 2014-15 and electronics and e-commerce, which 15.48 percent in 2015-16 and rising may lead to homogenous competi- just 4.7 percent in 2016-17. This was tion. Moreover, changes in Sino-India partly due to a slowdown in global relations may also have an impact on demand, but it also showed that investment prospects. industrialization still has a long way to go in India, and it will take time The author is a researcher with the Pangoal to achieve the ambitions of “Make in Institution. [email protected]. India” by using foreign investment. Illustration: Peter C. Espina/GT cn Proposed electricity super grid can bring real connectivity to Asian economies

By Hu Weijia YEONTHEECONOMY is seeking enhanced transmission, which is one of Hopefully the super grid pro- E energy cooperation the major challenges faced by posed by the Japanese company The plan for a massive energy with Asian countries the grand project proposed by can be a platform for China “super grid” crossing several and regions under the Son. and Japan to expand coopera- countries in Asia has been grid is more than a fantasy, framework of the B&R initia- SoftBank signed a joint tion under the framework of given a boost after receiving an but it does face challenges and tive. Existing bilateral collabora- memorandum of understand- the B&R initiative. Even if this endorsement from the head of therefore needs to be imple- tions between China and other ing (MOU) last year with cannot be achieved, it should at South Korea’s state-run power mented patiently, step by step. countries will be an organic and companies from China, South least clear up Tokyo’s misper- utility, the Financial Times China has long been com- indispensable part of the Asian Korea and Russia to create a ceptions about the initiative reported recently. Could this mitted to energy security co- super grid. framework to establish a mas- and accelerate the interconnec- serve as a prelude for Japan to operation with other Asian The B&R initiative has paved sive interconnected grid by first tion of Asian infrastructure, cooperate with China in its Belt countries like Russia and Mon- the way for China to take a lead- conducting feasibility studies. just as SoftBank wants to do. and Road (B&R) initiative? golia. China’s State Grid Corp ing position in power coop- An inevitable outcome of the The plan, proposed by Soft- has built power transmission eration with Asian economies. MOU is that the Japanese com- The author is a reporter with Bank CEO Masayoshi Son, in- lines linking to Russia, for ex- Any country that wants to make pany will expand cooperation the Global Times. bizopinion@ volves connecting the electric- ample. In recent years, China the proposed super grid a real- with China and tap into China’s globaltimes.com.cn ity networks of China, Japan, has also stepped up investment ity will need to ask for China’s B&R initiative via a number of South Korea, Russia and Mon- in power generation projects in help. With its vast territory, Chi- joint projects. Page Editor: golia so they can share power Mongolia to help the country na has built up valuable experi- However, Tokyo has long [email protected] supplies. An Asia-wide super improve its economy. Beijing ence in long-distance electricity been wary of the B&R initiative. Tuesday November 7, 2017 B7 BIZCOMMENT There is strong economic case for B&R initiative

By Shang-Jin Wei ing sectors and stifling their particularly when private underdeveloped infrastructure one might ask why China ability to export. Others, like Chinese companies take the and inadequate economic didn’t undertake it sooner. ince 2013, China has Indonesia, do not have enough lead. In 2013, when China diversification among China’s Even the US and other been pursuing its Belt ports for internal economic in- first proposed the initiative, trading partners. By address- countries may reap significant Sand Road (B&R) initia- tegration or international trade. the country had $4 trillion in ing these weaknesses, China’s economic returns. A decade tive, which aims to develop The B&R initiative promises foreign-exchange reserves, B&R investments can lead to after the global financial crisis connectivity among more to help countries overcome which were earning a very low a substantial increase in the erupted, recovery remains than 60 countries and regions these constraints by provid- US dollar return (less than 1 trade volumes of participant weak and tentative in much across Asia, Europe and Africa. ing external funding for ports, percent a year). In terms of countries and China itself, of the world. Bold, large-scale Critics worry that China may roads, schools, hospitals, and China’s currency, the returns benefiting companies and infrastructure investments be so focused on expand- power plants and grids. were negative, given the workers substantially. can provide much-needed ing its geopolitical influence External funding alone is expected appreciation of the This is not to suggest that short-run stimulus to global to compete with the likes of not sufficient for success. The yuan against the US dollar at such investments are risk- aggregate demand. The US, the US and Japan that it may recipients must undertake key the time. free for China. The economic for one, is likely to see a surge pursue projects that make reforms that increase policy Thus B&R investments returns will depend on the in demand for its exports, little economic sense. But, if transparency and predictabil- are not particularly costly for quality of companies’ busi- including cars, locomotives, a few conditions are met, the ity, thereby reducing invest- China, particularly when their ness decisions. In particular, planes and high-end construc- economic case for the initiative ment risk. Implementation far-reaching potential benefits because efficiency is not tion equipment, and financial, is strong. of complementary reforms are taken into account. China’s the primary consideration, accounting, educational and As a recent Asian Develop- will be a key determinant of trade-to-GDP ratio exceeds 40 Chinese State-owned enter- legal services. ment Bank report confirms, the economic returns on B&R percent – substantially higher prises (SOEs) might pursue In the longer term, the new many countries and regions investments. than that of the US – ow- low-return projects. That is one infrastructure will ease logisti- along the route urgently need For China, the B&R invest- ing partly to reason why China’s SOE re- cal bottlenecks, reducing the large-scale infrastructure ments are economi- form process must be watched costs of production inputs. The investment – precisely the type cally appealing, carefully. Nonetheless, while result will be higher productiv- of investment that China has the B&R initiative is clearly ity and faster global growth. pledged. Some, such as Ban- driven partly by strategic If B&R projects are held gladesh and Kyrgyzstan, lack objectives, a cost-benefit to high environmental and reliable electricity supplies, analysis shows that social standards, significant which is impeding the develop- the economic progress can also be made ment of their manufactur- case is also very on global challenges such as strong – so climate change and inequality. strong that The more countries choose to participate in these proj- ects, the better the chance of achieving these standards, and the greater the global social returns will be. In an era when some of the world’s most influential countries are turning inward, talking about erecting trade barriers and constructing border walls, the world needs initiatives focused on building bridges and roads, both literal and figurative – initiatives like the B&R initiative.

The author is a former chief economist of the Asian Development Bank, and is professor of Finance and Economics at Columbia University. Copyright: Project Syndicate, 2017. bizopinion@ Illustration: Luo Xuan/GT globaltimes.com.cn Bank of England rate hike signals belief that Brexit will permanently stifle growth

Raising interest rates is typically a sign will hobble Britain’s growth potential. expanding at a slower pace than in the rates, it was forced to slash them by of economic strength. The Bank of Eng- Leaving the EU will reverse some of past, this may be unsustainable. 4.75 percentage points in the following land’s decision to increase official UK the effects of globalization that have This analysis does not make raising 18 months as the global financial crisis borrowing costs for the first time in a put downward pressure on prices and interest rates now a foregone conclu- tipped the UK into recession. The latest decade has a more dismal logic. Gov- wages. Withdrawing from the EU single sion. Though inflation reached 3 percent increase may also prove a mistake. As ernor Mark Carney and his fellow rate- market will add friction to close to half in September and unemployment is low, Britain’s political establishment stum- setters have concluded that leaving the of Britain’s exports. The UK will attract there’s little evidence of wage pressure. bles toward a chaotic Brexit, however, European Union will permanently lower fewer immigrants, and companies will Meanwhile, consumers’ incomes are be- the central bank’s dismal logic is hard Britain’s growth prospects. invest less. ing squeezed. Carney sought to ease the to fault. Raising the UK bank rate for the first Those shifts may ultimately enable pain by signaling that official rates would time since July 2007 should have been British workers to demand higher wag- rise in line with expectations in financial The author is Peter Thal Larsen, a Reuters a milestone in Britain’s recovery from es. But low productivity means prices markets – implying just two more quar- Breakingviews columnist. The article was the financial crisis. In fact, the quarter- will also rise more quickly. The Bank ter-percent increases by the end of 2020. first published on Reuters Breakingviews. percentage point increase merely can- of England reckons the UK’s potential The governor may also worry about the [email protected] cels out the cut that followed last year’s output is growing by just 1.5 percent a risks that a weak exchange rate pose to referendum. The rationale for changing year – below the 1.7 percent increase in Britain’s ability to finance its current ac- Page Editor: course is more significant. GDP it forecasts for the next three years. count deficit. [email protected] The central bank believes Brexit In short, though the British economy is After the Bank of England last hiked B8 Tuesday November 7, 2017 BIZINSIGHT

A technician examines drugs in a biopharmaceutical  Regulatory reforms to company in Lianyungang, East China’s Jiangsu Province. speed up specialized drug Photos: IC innovation, breakthroughs in cancer treatments China’s blooming biotech

nvestors are betting on China’s China’s traditional strengths lie in licensing a promising cancer immu- potential to feed the global generic drugs and the bulk production notherapy drug candidate to the US Ipharmaceutical pipeline, putting of active pharmaceutical ingredients group in the largest-ever transaction a multibillion-dollar price tag on a that are found in pills in pharmacies involving a Chinese medicine. handful of stocks, even as the country worldwide. struggles to close a huge R&D gap The shift in focus to original Long-cycle business with the West. research is a change in mind-set, Beigene CEO John Oyler is con- Shares in firms such as Chi-Med, although it builds on the success of vinced Chinese drug discovery is on Beigene and Zai Lab have soared on contract research and manufacturing a roll, backed by powerful interests in international markets this year, fueled company WuXi Biologics, which does the Chinese government who want to by hopes for their drugs and recent much of the legwork for China’s bud- forge a leading position in the sector. reforms to China’s regulatory system ding biotechs. “The day you see a China-grown that should speed up approvals. company that is one of the five major “It’s almost a coming-out party Reforming drugs watchdog CFDA head Bi Jingquan global pharmaceutical companies for China biotech,” said Christian Bi Jingquan, the reformist bu- is approaching,” he said, though he Hogg, chief executive of Hutchison reaucrat who has led China’s drugs applauded by Pfizer, the top foreign admitted recent big share price rises China MediTech, or Chi-Med, which watchdog the China Food and Drug drugmaker in China, highlighting were “not commensurate with clinical presented promising data at a global Administration (CFDA) since 2015, the stiff competition still facing local data being reported”. medical congress in October on a lung views innovative – and affordable – biotechs. Others pointed to an underdevel- cancer drug it discovered in China drugs as the key to meeting the coun- So far many of the new drugs oped academic ecosystem in China and is developing with AstraZeneca. try’s growing clinical demands. discovered in China are follow-on and the fact most big local drugmak- “China is in vogue because of the China is now the world’s second- medicines in established therapeutic ers were deeply rooted in generics, positive moves on the regulatory side, biggest drugs market after the US, classes rather than groundbreaking despite outward talk of innovation. as well as advances at companies. It’s given China has the largest population first-in-class treatments. “It’s easy to say I want to do new a big, big change versus 10 years ago worldwide. Some global companies like Swiss- drug development, but then it’s and it is accelerating.” But the CFDA head lamented in based Novartis and Roche, with deep- harder to see yourself spending $100 Importantly, national and provin- a recent speech on October 10 that er institutional scientific knowledge, million and then fail,” Samantha Du, cial authorities are also moving faster Chinese domestic drug industry R&D are also tapping into China’s science chief executive of Zai Lab, said at the to agree payments for innovative investment was only 42 billion yuan base to discover their own promising company’s headquarters in Shanghai. drugs, albeit after negotiating price ($6.3 billion) last year, a small slice of new drugs in the country. Du was also a co-founder and chief discounts in many cases. the $157 billion spent worldwide by Still, Chinese firms are notching scientific officer at Chi-Med until Yet amid the euphoria, it is easy drug companies in 2016, according up their first homegrown successes, 2011. to lose sight of the fact that China to market intelligence group Evalu- particularly in cancer, with Shenzhen Zai Lab, which listed on the NAS- still has far to go. It contributes just 4 atePharma. Chipscreen Biosciences in 2015 win- DAQ stock exchange in September, percent of global drug innovation – as Redressing the balance is a priority. ning a CFDA green light for the first has a drug discovery program focused measured by the number of products “We want to make our pharma in- modern oncology drug, used to treat a on immuno-oncology, though for now, in development and recent launches dustry big and strong, make our drug rare lymph-node cancer. its pipeline is dominated by molecules – against 50 percent from the US, companies more competitive, so that Now Chi-Med, working with Eli bought in from the likes of GlaxoS- according to an October 2016 report we can shift our country’s long-stand- Lilly, hopes for approval of what would mithKline, Sanofi and Tesaro. from four Chinese pharmaceutical ing reliance on imported new drugs,” be a broad-use bowel cancer medicine, Du hopes to change that one day, associations. said Bi Jingquan’s deputy Wu Zhen. fruquintinib, around the end of this but says it won’t happen overnight. “It is very apparent they are trying A big part of that involves overhaul- year. “It’s such a long cycle, if you want to transition to being more of a novel ing regulation, with a new system On the international stage, Beigene to discover and develop drugs from drug development environment and now in place to accelerate full and and Chi-Med are also racing to be ground zero, that’s 12 to 15 years,” she bring in more innovative research,” conditional drug approvals as the first to bring China-discovered cancer said. “It’s going to take time.” said Scott Gottlieb, head of the US CFDA strives to narrow a typical five drugs to US and European patients, Food and Drug Administration. to seven year lag between how long often doing deals with global firms Reuters – Global Times “I think it’s going to be a long new drugs reach the market in China, that can provide marketing expertise transition... we’ve built up an ecosys- compared with Western countries. outside China. Page Editor: tem in this country over decades and The agency will now accept data In July, Beigene signed a deal [email protected] decades,” Gottlieb noted. from overseas clinical trials. That was worth up to $1.4 billion with Celgene,