Sci-fi blockbuster showcases Chinese vision of cooperation

China’s sci-fi blockbuster The Wandering Earth broke Chinese film’s five-year box office record on th

e North American market. Based on the novel by Liu Cixin, the movie is said to usher in China’s sci-fi blockbuster era.

Does this film resonate simply because it is a good sci-fi film made by Chinese? Of course not. It is mainly because the story reflects the co

mmon concern of people of different color, belief and nationality in the world. That is: the fate of the Earth. We

share a common destiny because we are living in the same global village. The movie has struck a responsive chord in the hearts of its audiences.

American sci-fi filmmakers have a prolonged enthusiasm about the fate of the Earth from the early stage to recent years.

From The Day of the Earth Stood Still in the 1950s to Armageddon (1998) and MegaFault (2009), a long list can be m

ade. Of course, the heroes who saved the planet were all Americans without exception. But this time it is Chinese.

The Wandering Earth shows that Chinese people are sentimentally attached to their mother pl

anet and foreigners feel the same. Indeed, Chinese people offered their own solution in the film. But in fact, the

success of The Wandering Earth is not who saved the planet, but people resolving a severe problem faced by mankind.

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German Chancellor Angela Merkel expressed the hope on Febru

that China should be involved in international disarmament efforts. “We would of course be glad if such talks were held not j

ust between the United States, Europe and Russia but also with China,” said Merkel at the 55th Munich Security Conference.

Her remarks were clearly directed against Washington and Moscow’s withdrawal from the Intermediate-Range Nuclear Forces (INF) Treaty.

Yang Jiechi, a member of the Political Bureau of the Communist Party of China Central Committee,

who was also present at the conference, reiterated that “we [China] are opposed to the multilateralization of INF.”

The INF treaty concerns Europe and Germany’s interests. The US took the lead in abandoning INF, resulting in the collapse of the arms control system.

It is understandable that Berlin is anxious, but Merkel’s hasty call for Beijing is rath

er inappropriate. Her words disrespect China’s interests and wishes, and objectively encourage Washington to quit irresponsibly.

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Washington alleged that INF failed because Moscow did not

ply with INF and Beijing was not bound by the treaty. These were its main excuses for the withdrawal.

Germany believes that the more countries involved in INF, the better. However, ma

ny European countries can never understand the security risks and the urgency to strengthen national defense in other regions.

The INF Treaty was signed by the US and the Soviet Union. It was a compromise bet

ween the two superpowers with the same level of military power to ease their confrontations.

Although China is now much stronger than it was in the past, its nuclear power and compreh

ensive military strength are far from being equal to those of the US and conducting negotiations on an equal footing.

The Europeans are clear that the US withdrawal from the INF Treaty is part of its America First agenda and an abandonment of its international obligations.

At the Munich security conference, Merkel and European countries criticized recent US security policies. But on the issue of the

INF treaty, Merkel snubbed China to serve US interests, reflecting the selfishness of Germans and some Europeans.

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It is natural that Europeans consider more of their own

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

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

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

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

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

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

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

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

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

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

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

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ending by banks surges in Januaryasures fend off nega

hina’s credit growth surged unexpectedly to a record pace in January, strengthening production in the real econo

my and easing overall downward pressure, People’s Bank of China, the country’s central bank, said on Friday.

Bank lending in domestic currency increased by 3.23 trillion yuan ($476.8 billion) last month, the fastest single-month growth

since the figure was first tracked in 1992. It increased by 2.9 trillion yuan in January 2018, the bank said.

Total social financing, a broader measure comprising all money the real economy receives from the fi

nancial sector, including off-balance-sheet financing activities, rose by 4.64 trillion yuan in Ja

nuary, which was also the fastest monthly growth ever, according to the central bank.

The month’s rapid credit growth was a result of a series of precauti

onary measures to ease the negative effects of slowing domestic demand and external h

eadwinds, according to Sun Guofeng, head of the bank’s monetary policy department, at a news conference.

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Qomolangma reserve bans ordinary tourists in core zone

Mount Qomolangma National Nature Reserve in China’s Tibet Autonomous Region has ban

ned ordinary tourists from entering its core zone to better conserve the environment of the world’s highest mountain.

But for travelers who have a climbing permit, the mountai

neering activities will not be affected, according to the reserve which was set up in 1988.

Covering an area of around 33,800 square km including a 10,312-square km co

re zone, the reserve is home to one of the world’s most vulnerable ecosystems.

Recently, a report went viral online claiming the Qo

molangma base camp was “permanently closed due to heavy pollution.” But local authorities denied the claim.

Kelsang, deputy director with the reserve’s admin

istration, said ordinary tourists are banned from areas above Rongpo Mo

nastery, around 5,000 meters above sea level. A new tent camp will be set up nearly two km away from the original one.

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Zhai, 32, is also a postdoctoral candidate at Peking Univ

versity. He found himself in hot water last week on social media after a netizen accused him of plagiarism.

The academy launched its own investigation on Mon

day. It completed its preliminary collection of evidence and notified Zhai, adding it has zero tolerance f

or academic misconduct and will look into other matters uncovered by netizens.

In a public apology posted on Sina Weibo on Thursday, Zhai said, “I lost myself amid a mentality of vanity and good luck.”

“After I starred in a few films and TV series, I became full of myself and forgot honesty is the most important principle,” Zhai said.

“Vanity misled me, and I brought this attitude into writing academic papers. I will withdraw from postdoctoral res

earch at Peking University and I am deeply sorry to my school, teachers, fans and the public,” he wrote.

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tal transformation”, there is already a victory sign coming fro

The country generated about 7.6ZB data last year, around 0.7ZB more than the US, the report said.

In addition, it said data created and replicated in China is expected to outpace the global average by 3 percent annually.

Chinese tech companies, such as Alibaba Group and Tencent Holdings Ltd, h

ave set an example in using data to improve customer service in the financial sector.

The report said Chinese digital payment platforms Alipay and WeChat Pay are able to provide personalize

d financial services tailored to customers’ specific behaviors and preferences with the help of massive user data.

The report also mentioned the use of personal information has raised concerns as data may be utilized to build beh

aving or responding models of users that can be taken advantage of by advertisers or for other purposes.

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The central bank will eliminate that interest rate margin

sooner or later, and guide commercial banks to lower lending rates closer to a market-determined level, Sun said.

“Theoretically, there is room for rate cuts of 1 percentage point,” said Zhang Tao, a

n analyst in the financial market department of China Construction Bank.

China has enacted both monetary and fiscal policies to offset downward pressure on eco

nomic growth this year. Some economists have predicted the growth rate may slip in the first quarter be

low the 6.4 percent of the past three months of 2018 because of factors such as trade tensions.

US Federal Reserve Chairman Jay Powell decided on Jan 30 to shelve a plan to keep raisi

ng interest rates because of possible risks to US growth. The European Central Bank stopped exp

anding quantitative easing and warned about the negative results of Brexit.

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Forward-looking measures have already been taken

 by the Chinese monetary authority, earlier than other major central banks, based on the evaluation on macroeconomic conditions and the exter

nal environment. Policy fine-tuning will send positive signals to the market and support financial resilience, Zhang said.

This year, the remarkable change in tone from the world’s major central banks is shifting into a monet

ary easing cycle, and policies from the Chinese central bank are headed in the same direction, Zhang added.

A recent research note from Goldman Sachs forecast China’s credit growth to rise in January as commercial banks may be “si

gnificantly more aggressive than before” with encouragement from the easing policy. With the PBOC scheduled to

release more data this week, the trend may be reflected in faster growth of new yuan loans and the broad money supply.

Amid a good fall of snow, which Chinese traditionally believe promises a year of harvest and

prosperity, Chinese and United States top officials started two days of talks in Beijing on Thursday.

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