hina has seen 4.8 percent yearly growth in foreign dire

rect investment in January, and its high-tech service industry has seen the most dramatic increase in the use of foreign capital.

According to Ministry of Commerce data released Thursday, the country has attracted 84.18 bil

lion yuan ($12.41 billion) in FDI in the first month of 2019, up 4.8 percent year-on-year.

Foreign capital flowing to the country’s high-tech service sector in January has mo

re than doubled compared to the same period in 2018, reaching 15.77 billion yuan.

The total FDI used in the manufacturing industry has also climbed by 5 percent y

ear-on-year, totaling 26.7 billion yuan. The service sector has used 56.2 billion yu

an in FDI, up 5.1 percent, and the high-tech industry has seen a 40.9 percent yearly growth of FDI used.

FDI from the United States has seen a staggering 124.6 percent year-on-year growth.

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hina refutes report of contact with Venezuelan opposition

ina said on Wednesday that it hoped relevant media would report news abiding by principles of being objective and fair.

Chinese Foreign Ministry spokesperson Hua Chunying made the remarks when asked for comments on The Wall Street Jo

urnal reporting that Chinese diplomats had contact with Venezuelan opposition representatives in Washington.

“Recently, some media have been cooking up fake news. I don’t know what the purpose is,” said Hua at a press br

iefing. “We hope relevant media will report news abiding by principles of being objective and fair.”

As for the current Venezuela issue, China advocates seeking a political settlement through dialogue and consultation, Hua said.

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Area encompasses Hong Kong and Macao, as well

Stock markets in China edged up on Tuesday as market sentiment was partly boosted by the news about the upcoming Bay Area blueprint.

The benchmark Shanghai Composite Index rose 0.68 percent to close at 2,671.89

points, while the Shenzhen Component Index closed 1.15 percent higher at 8,010.07 points.

Gains were seen across Greater Bay Area-related sectors.

Kaisa Group, which owns lots of land in the bay area, surged 3.5 percent, while Shen

zhen International Holdings and Shenzhen Invest both notched healthy increases.

5G-related stocks were also up as China Tower closed 2.4 percent higher while Yangtze Optical Fibre and Cable climbed 3.5 percent.

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China-US space cooperation would likely to prompt more

countries to join hands to develop space instead of choosing between China and the US, especially because after the end of the Cold War, international space cooperation has increased.

In fact, the International Space Station launched in 1998 has been operating thanks to the cooperat

ion between the US, Russia, Japan, some European countries, Canada and Brazil. The four maj

or satellite positioning systems — GPS (US), Beidou (China), GLONASS (Russia) and Galileo (Europe) — may also comple

ment each other to provide the most accurate positioning services. And once China and the US engage in a major sp

ace project, many other countries will join in and thus take space exploration to a new stage.

Sino-US space cooperation will stimulate the development of relevant industries and bring tangible benefits to the people. Space explora

tion will set in motion a series of space industries such as manufacturing, agriculture, resources, e

ergy and tourism. These may become new sources of growth for the world economy, promote industrial techn

ologies, and help address some global challenges such as climate change and energy depletion.

And the new products and services so generated will improve people’s lives and contribute to social progress.

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Film academy probes PhD actor accused of academic plag

The Beijing Film Academy is investigating actor Zhai Tianlin, who has been the target of plagiarism allegations, Beijing Youth Daily reported on Monday.

The academy organized an investigative team to look into Zhai’s case and has zero tolerance for academic misconduct, the newspaper said, citing the academy.

Zhai, 32, has a PhD from the academy and is a postdoctoral candidate at Peking University. He

found himself in hot water on social media recently after a Sina Weibo blogger accused him of plagiarism last week.

Zhai, who is said to have the highest academic qualificat

ions in China’s entertainment industry, has frequently flaunted his academic achievements in his

social media posts, which have detailed the difficulties he said he had while working on his papers.

He raised a flurry of chatter online in August when he said in a live video appearan

ce that he did not know what the China National Knowledge Infrastructure was. CNKI is the largest a

nd most widely used online academic library in China for university students writing theses and dissertations.

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DPRK officials to meet ahead of summithe United States

and the Democratic People’s Republic of Korea will meet this month in an unidentified Asi

an country ahead of their leaders’ planned second summit in Vietnam, South Korean officials said yesterday.

The US special representative for the DPRK, Stephen Biegun, visited Pyongyang last week to work out details of t

he February 27-28 summit in Hanoi between President Donald Trump and DPRK leader Kim Jong Un.

After being briefed by Biegun about his talks in the DPRK, South Korea’s presidential office said that the US and t

he DPRK used Biegun’s trip as a chance to explain what concrete steps they want from each other.

South Korea’s national security adviser Chung Eui-yong, who met Biegun, repor

ted that US-DPRK diplomacy “is working well,” presidential spokesman Kim Eui-kyeom said.

He said a follow-up US-DPRK meeting ahead of the summit will take place in a third country in Asia in the week beginning February 17.

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The fourth opportunity is the Belt and Road Initiative, Liu

said. In 2018, trade in goods between China and countries within the re

gion covered by the BRI stood at $1.3 trillion, a 16.3 percent increase year-on-year. It w

as 3.7 percentage points higher than the growth rate of China’s overall external trade.

More than 13,000 China Railway Express trains have traveled along the BRI routes to date, l

inking cities in China with 49 cities in 15 European countries, including London, he added.

Rona Fairhead, the UK’s minister of state for trade and export promotion, said trade be

tween the two countries is worth more than 66 billion pounds ($86 billion) annually.

“UK exports to China continue to go from strength to strength,” she said. “In this n

ew year, I very much look forward to continuing our close level of engagement w

ith China. It is clear that there is still untapped demand for British goods and services in the Chinese market.”

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Premier Li Keqiang sent a congratulatory message to the event in

which he lauded the efforts of The 48 Group Club in enhancing China-UK fri

endship. He said he hopes the organization will continue to carry forward the spirit of the “icebreaking tr

ip” and make greater contributions to the deepening of friendship between the two peoples.

The year 2019 marks the 65th anniversary of the establishment of the China-UK diplomatic relationship at the leve

l of charge d’affaires. Liu said he believes there are four major opportunities for the two countries.

The first is the Chinese economy remaining robust. Its 6.6 percent growth rate in 2018 was on

e of the fastest among major economies and contributed nearly 30 percent of global growth. China’s

overall GDP has exceeded $13.6 trillion, with the increment equaling the total GDP of a middle-income country.

According to Liu, China is shifting from high-speed growth to high-quality growth. Last year,

consumption contributed 76.2 percent of China’s economic growth, and online retail sales

increased by more than 20 percent. New industries, new products, and new business models have emerged.

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Portuguese president vow closer bilateral tiesg Liyuan, stand

President Xi Jinping and his wife, Peng Liyuan, stand with Portuguese President M

arcelo Rebelo de Sousa at Belem Palace, the official presidential residence in Lisb

on, Portugal, on Dec 4, 2018. [Photo/Agencies]
President Xi Jinping and his Portuguese counterpart, Marcelo Rebelo de Sousa, vowe

d on Friday to make concerted efforts to advance bilateral ties to benefit the two countries and the two peoples.

The two presidents made the statement in exchanging congratulations on the 40th

anniversary of the establishment of diplomatic ties between China and Portugal.

In his congratulatory message to Rebelo de Sousa, Xi said that over the past four d

ecades, the two nations have been promoting sound development of bila

teral ties in the spirit of mutual respect, treating each other as equals and benefiting from win-win cooperation.

He hailed the proper resolution of the question of Macao by the two countries in 1999

as a good example of how nations can solve problems left from history through friendly consultations.

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cord number of flights handled by Hong Kong befor

Civil Aviation Department of the government of China’s Hong Kong Special Adm

inistrative Region handled 2,467 flights on Saturday, setting a new single-day record,the CAD said on Sunday.

Data released by the CAD showed that among the 2,467 flights, CAD handled 1,226 flight movements at Hong Kong Intern

ational Airport and 1,241 overflights, also marking a new record for the highest number of overflights handled.

Between January 23 to February 2, the CAD handled about 2,380 flights per day on average, repr

esenting an increase of about five percent when compared with 2,265 flights over the corresponding period a year earlier, according to the CAD.

Simon Li, the director-general of the CAD, said that the number of flights handled by the CAD saw a significant increas

e around two weeks before the Chinese Lunar Year, showing the strong demand for air traffic.

The CAD has deployed additional staff to cater for the seasonal demand to mai

ntain safe, smooth and orderly air traffic service during the festive periods, said Li.

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