Month: February 2019
of the sector with a focus on improving financial services and forestalling financial risks.
Opening-up of China’s financial factor has sped up, as the country re
moved foreign ownership caps of banks and financial asset management firms last year.
Richard Turnill, global chief investment strategist of BlackRock, an American global investment man
agement corporation, is also positive on China’s stocks market, according to the Barron’s report.
Turnill said stronger inflows into Chinese A-shares, and China’s efforts to boost credit growth and sti
mulate its economy are also helpful to a bullish stock market.
However, selectivity of stocks is needed, Turnill said, adding that BlackRock favors b
rokers and companies related to the domestic consumer that can benefit from the efforts to stimulate growth locally.
Major securities traders in China, such as the Merchants Securities, CITIC Securities, and Fo
under Securities are all optimistic about China’s stocks market this year, according to a report from finance.sina.com.
China and the United States are expected to come to an agreement soon over trade frictions, analysts said, as the negotiating teams a
re reported to be discussing the wording of an accord and considering applying the brakes to their tariff standoff.
They made the prediction after Chinese and US officials said there had been concrete p
rogress on multiple issues in the latest round of trade talks in Washington.
During the latest talks, held from Thursday to Sunday in Washington, the seventh round since February of last year, th
e two sides focused on the text of an agreement, the Chinese delegation said, according to a Xinhua News Agency report.
The negotiators also had made substantial progress on such specific issues as technology transfers, protection of i
ntellectual property rights, nontariff barriers, the service industry, agriculture and exchange rates, the delegation said.
On the basis of the latest progress, the two sides are expected to continue their work
into the next stage, in accordance with the instructions of the two countries’ top leaders, according to Xinhua.
need money.”Lankov is one of the few foreigners ever to study at Kim Il Sung University, the country’s most pr
estigious institution of higher learning. Today he runs the Korea Risk Group consultancy, teaches at Kookmin Uni
versity in Seoul and is considered one of the world’s experts on the inner workings of North Korea.
He says Kim and his top advisers are cold, realistic and brutally rational. They believe that nuclear weapons are the key to their survival given the fate of Moa
mmar Gaddafi, Saddam Hussein and Ukraine as well as Trump’s decision to ditch the Iran nuclear deal.
”For the North Koreans, security comes first. And they believe that their security is imperfect if they don’t have some
nuclear weapons. A reduction of nuclear weapons can be negotiated, but denuclearization is a pipe dream,” Lankov said.
Jackson, the former Defense Department official, is also unconvinced that Kim Jong Un is the reformer many hoped he would be.
Though Kim is a millennial leader educated in the West, he has n
ow been in power for seven years — during which time he’s overseen more missile and nu
clear tests than his father and grandfather combined, without “meaningful signs” of economic change.
”What is different now than the previous 30 years that makes that control-versus-opening tradeoff worthwhile?” Jackson said.
PYONGYANG — Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK), left here Saturday afternoon by train f
or Vietnamese capital Hanoi for the second DPRK-US summit, the official Korean Central News Agency (KCNA) reported Sunday.
Kim will meet with US President Donald Trump there on Feb 27-28. Their first meetin
g was held in June 2018 in Singapore, which resulted in improved bilateral relations.
Kim will pay an official visit to Vietnam at the invitation of Vietnamese President Nguyen Phu Trong before his meeting with Trump.
Kim was accompanied by Kim Yong-chol, Ri Su-yong, Kim Phyong-hae and O Su-yong, members of th
e Political Bureau and vice-chairmen of the Central Committee of the Workers’ Party of K
orea (WPK), Ri Yong-ho, member of the Political Bureau of the WPK Central Com
mittee and foreign minister, No Kwang-chol, alternate member of the Po
litical Bureau of the WPK Central Committee and minister of the People’s Armed Forces, among others, said the KCNA.
Kim was seen off at Pyongyang Railway Station by Kim Yong-nam, Choe Ryong-hae and Pak Pong-ju, members of the Presidium of the Political Bureau of the Cen
tral Committee of the WPK, and other senior officials of the party, government and armed forces, said the KCNA.