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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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hina’s online payment platforms achieve record ‘red envelo

Digital transferring platforms run by China’s leading internet companies weathered mounting pressure from online transactions during the Chinese New Year c

elebrations with peak transfers reaching as high as 44,000 deals per second, domestic media reported on Tuesday.

As of late Monday, “red envelopes” worth 3.5 billion yuan was transacted through social media payment systems, according to Chinese media reports.

Sending “red envelops” stuffed with money through online payment tools to relative

s, co-workers and friends has become a new defining item for billions of Chinese during the Spring Festival.

The record occurred three seconds past midnight – the New Year’s Eve leading up to the Year

of Pig, Nets Union Clearing Corporation (NUCC) said, according to a report by chinanews.com on Tuesday.

The NUCC was founded by 45 shareholders, including 38 payment institutions, to en

sure  effective regulation and transaction security. The People’s Bank of China, the country’s central bank, is the largest shareholder.

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n suspect of Jolo blasts surrenders to Philippin

A main suspect in the deadly twin blasts hitting the southern Philippines late last month has surre

ndered to authorities, the chief of the Philippine National Police (PNP) said on Monday.

PNP Chief Director General Oscar Albayalde said the suspect, identified as Kamah Pae, and four others “performed individual role

s” in the church bombings that killed 22 and injured more than 100 others on Jan. 27 in Jolo in southern Sulu province.

Albayalde said Kamah, a student, turned himself in along with four others over the weekend in Jolo.

Multiple murder and multiple frustrated murder charges will be filed before the provincial prosecutor of Sulu on Monday, Albayalde added.

“The five surrendered due to the massive hot pursuit operations by troops from the Patikul Municip

al Police Station,” Albayalde told a news conference in Manila, adding that the five “performed individual roles in that incident.”

Albayalde said the five suspects belong to a group of Abu Sayyaf militants led by Hatib Hajan Sawadjaan, which is believed to be responsible for the blasts.

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Robert Aspell, president for Asia-Pacific of the US agricultural

nglomerate Cargill Inc, said the best way to solve trade issues is to talk to each other, communicating to find solutions.

“A large number of global companies have invested in China; it is a clear signal that Ch

ina is going to further open its markets, and many opportunities can be found in different sectors across the country,” he said.

Experts said the new progress, reached by collaborative efforts from both sides, can im

prove the outlook for both the US and Chinese economies and benefit the global economy and supply chain in 2019.

The Chinese and US economies are so inextricably intertwined that a blow to one would most li

kely make a dent in the other, too, said Bai Ming, deputy director at the International Market Institute of the

Beijing-based Chinese Academy of International Trade and Economic Cooperation.

This interdependence would exact far-reaching damage on the optimal resource allocation of both countries if trade tensions esc

alated, said Chen Wenling, chief economist at the China Center for Economic Exchanges. “The US needs C

hinese goods as much as China needs equipment and agricultural products from the US,” she said.

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Winter outdoor swimming to become an optional course

After reinstating swimming as a requirement to graduate in 2017, China’s top university, Tsinghua, may now make wint

er outdoor swimming an optional course, a WeChat account of China Youth Daily (ID: zqbcyol) reported on Jan. 31.

Winter swimming may shortly become an optional course at Tsinghua University, s

aid the instructor of Tsinghua’s winter swimming club, Wei Qingpeng, disclosing th

at the proposal has won favor with the university’s sports education department.

Wei explained that no other Chinese universities currently carry out winter sw

imming activities. In his opinion, the school’s support for winter swimming wi

ll not encourage students to become thrill-seekers, but will help advocate a healthy lifestyle.

Tsinghua University’s winter swimming club was opened in 2017. The club now has

about 40 members, 20 of whom take part in activities during the winter months.

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There are a variety of meaty fillings that can be stuffed into

dumplings, the most common being pork along with a choice of vegetables. For the vegetarians am

ong us, it’s common to add egg or tofu to an array of tasty, crunchy fillings such as carrot, chives or cabbage.

“We usually put a coin in one of the dumplings, legend has it whoever gets that will bec

ome lucky and wealthy in the coming year,” explains Wu as she expertly wraps a coin into one o

f the fat little dumplings. Although making dumplings may look easy, there’s a def

inite trick to it, as Wu notes, “You need to pinch the side of the dumpling to wrap up the fillings to make it chewy, and th

en you squeeze it into a shape of an ancient Chinese coin to convey a feeling of jubilance.”

As Wu shows me, traditionally, dumplings are made to look like gold in

gots, which were used as currency in ancient China. Dumplings are therefore me

ant to signify wealth, and it’s said that the more you eat over the Spring Festival, the richer you will become in the coming year.

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The first meeting among countries to improve collabo

oration on CR Express was held in Zhengzhou in October, to reach agreement and promote a long-term, steady, effective and efficient cooperation.

The meeting discussed major obstacles and plans for the freight service, including a work plan for next year and a way to implement rules for cooperation.

In April, a collaboration agreement was signed by railway departments in seven countries involved in the operation of CR Express

, including China, Germany, Russia and Poland. The agreement aims to improve service and efficiency of the freight trains.

CR Express has 57 routes to and from 35 Chinese cities to and from 34 European cities in 12 countries, according to the company.

The collaboration not only involves countries, but also domestic stakehol

ders. In May, a committee consisting of 33 stakeholders of CR Express was launched. The committee, initiate

d by China Railway Corp, includes a number of companies operating the service as well as research institutes.

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Li vows transparent, fair environment for European investors

Premier Li Keqiang vowed on Wednesday to cultivate a fair, transparent and predictable market environment to attract Europea

n investors, especially in high-end manufacturing, modern services and infrastructure in western China.

The premier also said China would like to expand two-way investment.

“European companies are welcome to pour investment into China. … We will encourage Chinese companies to invest in E

urope and hope the EU can facilitate the working visa process,” Li said on Wednesday. He spoke while co-chairing the

opening ceremony of the 11th EU-China Business Summit with European Commission President Jean-Claude Juncker.

The annual event, held in Beijing, brought together 600 people from 450 companies, the premier said.

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Freight service to Europe gains momentum inxpress train

A China Railway Express train hauling cargo en route to Europe leaves the Zhengzhou Railway Station’s cargo center in early August. China-Europe frei

ht service this year has made more trips than all previous years since the service began in 2011. [Photo/Xinhua]

The establishment of international and intercity coordination agreement has enhanced rail freight service between China and Europe this year.

The freight service linking China and Eurasia, China Railway Express, is seen as a critica

l to boost trade and economic ties. National rail operator China Railway Corp’s latest figures show there had been 6,

000 freight train trips to or from China and Europe by October, and more than 3,000 of those were in 2017. This is more tha

n the total number of trips in all the previous years of service since its 2011 launch.

The growth has been attributed to an international collaboration agreement that sets specific rules and procedures in place, according to China Railway Corp.

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The collective goodwill of film and video game stocks “

n the red-hot atmosphere of the Spring Festival, the performance of film and video game companie

s in 2018 is all green. The performance forecast of A shares is more amazing than that of one. No o

ne expected that the biggest thunder so far came from a game company: Tian Shen Entertainment. On the evening of Ja

nuary 30, Tianshen Entertainment (002354, SZ), with a market value of only 4 billion yuan, announced that its per

formance in 2018 had changed its face. Its net profit is estimated to be between 7.3 billion yuan and 7.8 billion yua

n, and its preparation for impairment of goodwill alone will reach 4.9 billion yuan.

The mergers and acquisitions of video game companies are often light assets, and in the growth period, high goodwill has

become a common problem in the industry. According to the incomplete statistics of Choice data, Daily Economic N

ews reporter found that 16 A-share game listed companies, such as Tianshen Entertainment and Youjiu Game, had the

ir performance loss. More than 10 companies mentioned the impact of goodwill impairment, while 10 of them m

entioned the impact of goodwill impairment, and 7 of them mentioned the impact of goodwill impairment.

A securities dealer told reporters anonymously that after this round of ex

plosions, some companies are likely to become empty shells. At the close of Jan

uary 31, Tianshen Entertainment, Youjiu Game and Tianrun Number Entertainment all dropped to a halt.

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