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one with the UK in 2017 and another with India the following year. By exploiting the power of these regional countries, Japan aims to secure military provisions for its SDF in t
he Indo-Pacific region from the US, Canada, Australia and India and in the North Atlantic region from the US, the UK, France and Canada.
This has laid the foundation for Japan to broaden its SDF activities and ensure military provision with its par
tners. It is a small-scale bilateral military alliance system centered on Japan. This shows Japan’s long-term strategic plan.
Since the 21st century, Japan has clearly labeled China as its biggest real and potential rival. Especially since Shinzo Abe took office, he spared no efforts at contai
ning China. During Abe’s first term, the Japanese government raised the idea of the “arc of freedom and prosperity.” When
he became prime minister for a second time, the policies advocated by his cabinet, including the values-based alliance, the alliance of
maritime democracies, the democratic security diamond and the freedom corridor, have all kept China in focus.
Because of the ACSAs with Australia and India, Japan can militarily constrain China’s Belt and Road Initiative in the Pacific and Indian Ocean regions. In the A
tlantic, it can also exert forceful intervention in China’s policy in Europe, North Africa and West Africa.
In some areas where China’s military strength has not reached, Japan has crafted its military pla
n in advance by utilizing its bilateral alliance system, trap-falling China’s military strategy into a passive position.
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.
It’s hard to say that China entered a new cycle of credit expansion,” said Zhang Ming, chief eco
nomist at Ping An Securities. “For the whole year, the overall financing growth and money supply is expected to stabilize.”
Fast credit expansion means higher pressure on companies to repay debt and interest, and the space for sustainable credit growth i
s limited, given the current leverage level. Total outstanding debt has exceeded 250 percent of GDP, Zhang said.
The good news is that credit has been channeled effectively into the production sector, such as manuf
acturing and high-tech, and the healthier credit structure can support the overall economic r
estructuring reform, said Ruan Jianhong, head of the central bank’s statistics and analysis department.
hina and the United States will continue economic and trade consultations in Washington ne
xt week, after reaching consensus in principle on major issues during their high-level Beijing talks, State media reported.
According to Xinhua News Agency, the two sides had in-depth communication on topics of mutual concern including tec
hnological transfers, intellectual property rights protection, nontariff barriers, the service industry, agr
iculture, the trade balance and an implementation mechanism, as well as on particular issues of concern to China.
ave had a negative impact on the Chinese economy, but it has shown resilience in coping with the shocks, and the repercussions have not been as severe as pred
icted. In January, for instance, Chinese exports rose 9.1 percent from a year earlier, compared with a 3.5 percent declin
e in December, according to customs data released on Thursday. And although its export growth to the US continued t
relations with a deal that is in line with the interests of both countries. If that has been the shared und
erstanding during this week’s talks, and it is carried forward in the negotiations in Wa
shington next week, hopefully the two sides will be able to narrow the differences between them sufficiently so that the t
o drop, no doubt due to the raised tariffs on Chinese goods, China’s shipments to other major
markets, such as the European Union, Japan and Southeast Asia, all rose strongly.
Meanwhile, leyishengpxcn/ions otherwise, the US economy has not rem
ained unscathed, as shown by the need to offer emergency assistance to its farmers and t
he voices of complaint from US companies urging the administration to change tack.
Cooperation based on fully respecting mutual interests is the best way for t
he two countries to renew their trade and economicwo leaders can pencil in a date f
or a meeting at which they can shake hands on a deal that sets the right course for future relations.
China is expected to generate 48.6 zettabytes (48.6 trillion gigabytes) of data in 2025, while the number for the US is forecast to be
30.6ZB, according to a study by the International Data Corporation (IDC) and data storage firm Seagate, a CNBC report said.
In addition, the global total amount of new data generated is set to grow from 33ZB in 2018 to 175ZB by
2025, with data collected from entertainment platforms, video surveillance footage, internet-co
nnected devices, productivity tools and metadata contributing to most of the growth, according to the report.
In the race for data, which, as IDC analysts put in their report, is
“at the heart of this digital world” and “a company’s most valuable intangible a
sset, which can create a competitive edge in digital transformation”, there is already a victory sign coming from China.
The country generated about 7.6ZB data last year, around 0.7ZB more than the US, the report said.