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Internationalstatusgivescommercial,legaladvantagesAsa"super-connector"fortheChinesemainland,HongKongcanprovidesignificantsupportinfinancialandlegalservicestoboostChina'scooperationwithothercountriesundertheinitiative,China,PresidentwillvisittheHongKongSpecialAdministrativeRegion(HKSAR)ernationalizedandtheireconomieshavequantitativelysurpassedHongKongincertainfields,"HongKongstillhassolidadvantagesattheinternationallevelandisplayinganimportantroletoservethecountry'sgrandstrategy,"TianFeilong,alegalexpertandassociateprofessoratBeihangUniversity,toldtheGlobalTimesonTuesday."HongKong'smostobser,soHongKong'ssupportforinternationalizationoftheyuanandotherservicesforinvestmentandraisingcapitalisessential,",anditcanboosttheyuan'sexchangeandfinancingamongBeltandRoadcountries,anditcanalsouseitscapabilityinfinancialriskmanagementtocushionagainstrisksforinfrastructureinvestmentintheBeltandRoad,BankofChina(HongKong)'secon,theAsianInfrastructureInvestmentBank()announcedthatHongK"HongKong'sprofessionalservic'sparticipationintheAIIBcanalsocreatenewopportunitiesfortherelevantsectors,andcanfurtherreinforceourpositionasapremierinternationalfinancialcenter,",HongKongwillsubscribeto7,651capitalsharesintheAIIB(),$,$153millionisthepaid-inportionrequi,"thereisachallengeforChinesefirmstoraisecapitalinHongKongandinvestinBeltandRoadcountries,becauseHongKonghasestablishedasophisticatedandstrictfinancialmechanismthataimstoreduceriskswhileseekingprofits,andsomeBeltandRoadcountries'politicalandsecuritysituationsarenotstable,"saidLiangHaiming,,HongKongismoreinternationalizedthanChinesemainlandcitiesinmanyareas,suchasinlegalsystemsandeducation,'smassiveinvestmentsinBeltandRoadcountriesmaybringissuesincontractlaworovercommercialdisputes,andHongKong'slegalsystemismorerecognizedandacceptedintheinternationalcommunitythanthemainland's,soitcanofferlegalservices,likearbitrationanddisputemediation,forChinaandallotherBeltandRoadparticipants,,constructionoftheGuangdong-HongKong-MacaoGreaterBayAreaisasignificantdevelopmentopportunityforHongKong,aswellasthewholePearlRiverDelta,becausethisgrandregionalintegrationstrategywillconnectthesecitiesbyhigh-speedrail,andtheirportinfrastructurewillseethembecomeanimportantpartofthe21stCenturyMaritime,'sCongressofChinainMarch,PremiersaidthecentralgovernmentwilldrawupplansforthedevelopmentofacityclusterintheGuangdong-HongKong-MacaoGreaterBayAreatocapitalizeonthedistinctivestrengthsofHongKongandMacao,elevatingtheirrolesinthedevelopmentandopening-upofChina'seconomy."HongKonghasmanydistinctivestrengthstobuildtheGreaterBayArea,likehighereducation,techinnovation,,HongKongisstillmuchmoredevelopedinmanagementexperienceandinternationalization,"Tiansaid.

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ThefirstSino-USdiplomaticandsecuritydialogue(DSD)willbeessentialforthemtomanageandresolvedisputesbyincreasingmutualtrustandseekingaconsensus,asdifferencescontinuetodefinethetwocountries'securityrelationship,ednesdayinWashington,,USSecretaryofStateRexTillersonandDefenseSecretaryJamesMattiswillco-chairthedialogue,Chinesefor,amemberofChina'sCentralMilitaryCommission(CMC)andchiefoftheCMCJointStaffDepartment,commonconcern,Lusaid."Tosomeextent,thisdialogueissimilartothe2+2dialogue(ForeignMinister+DefenseMinister)betweentheUSanditsallies,"TaoWenzhao,seniorresearchfellowattheInstituteofAmericanStudiesoftheChineseAcademyofSocialSciences,,comparedtoeconomicandtraderelations,securityormilitaryrelationsbetweenChinaandtheUShavelaggedbehind,sothedialoguecanbeconsidereda"breakthrough"establishedduringthemeetingbetweenChin,lawenforcementandcybersecurity,andonsocial,,ChinaisnotaUSally,sothedialoguediffersfromthe2+2dialogues,AnGang,amemberoftheacademiccommitteeofBeijing-basedthinktankPangoalInstitute,said."Frankly,differencesandcontradictionsb,andbothmilitariestreateachotherasanimaginaryenemy,"Ansaid."TheChinesemilitaryalsotreatstheUSmilitaryasthebiggestexternalobstructiontorealizingthecountry'sunification,"Anadded."SoutheastAsiancountrieslikethePhilippinesandVietnamhavedecidedtosett'twanttoseetheeasingoftensions,andcontinuestosenditsnavalvesselstoprovokeChinaintheregion,PengGuangqian,aretiredmajorgeneralandmilitaryexpertatthePeople'sLiberationArmy(PLA)AcademyofMilitaryScience,aythattheUSSDeweyguidedmissiledestroyerenteredwatersnearreefsthatformpartofChina'sNanshaIslands,andthePLAnavy'sLuzhouandLiuzhoumissilefrigatesidentifiedtheUSvesselanddrovethedestroyerfromthearea."JointeffortsbyChinaandmemberstateshavestabilizedthesituationintheSouthChinaSea,,"Renstressed,addingthattheUSwillprompttheChinesemilitarytofurtherstrengthenitsabilitytoprotectthecountry',thedialoguewillbecrucialforbothsidestomanageandcontroltheirdifferencesandhelpkeepSino-USrelationsstable,Ansaid."ChinaandtheUSalsohavesharedinterestsinmanynon-traditionalsecurityareas,suchascounterterrorism,anti-transnationalcrimeandcybersecurity,sothedialoguewillincreaseconsensusandreducemiscalculationstomakeproblemsolvingpossible,",theTrumpadministrat,TillersonsaidthattheUSwantsChinatodomoretopressure,andthattheUSmightconsiderimposingsanctionsonChinesecompanieswhichconducttradewithNorthKoreaifChinarefusestocutbasicsupplies,likeoil."TheUSshouldn'texpectChinatodoeverythingontheissuebecauseChina'sefforts,includingsanctionsagainstNorthKorea,isnotenoughtosolvethecrisis,"ShiYinhong,directoroftheCenterforAmericanStudiesattheRenminUniversityofChina,rthKoreadialogueratherthanmakingNorthKoreacollapse,sotheUSalsoneedstocontributeratherthanexpectingChinatodoeverything,Shisaid.

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ChinesePresident'sstatevisittoRussiainJuly,comingtwomonthsafterRussianPresidentVladimirPutinvisitedBeijing,showsSino-Russiantiesis"specialandsignificant."XiwillvisitRussiaandGermanyfromJuly3to6,ForeignMinistryspokespersonLuKangsaidonTuesday,attheinvitationsofRussianPresidentVladimirPutin,,directoroftheEurasianStudiesCenteratBeijingNormalUniversity,toldtheGlobalTimesonTuesdaythatChinaandRussiawillcont,comingtwomonthsaftertheBeltandRoadForuminBeijinginMay,willbefocusedmoreonthetwocountries'bilateralties,"asRussiaisoneofChina'smostimportantpartnersintheinitiative."toRussiabeforeGermanyshowsthatChina-Russiatiesare"specialandsignificant,"XingGuangcheng,anexpertonRussiaattheChineseAcademyofSocialSciences,,Xisaidthatthetwocountriesshouldenhancestrategiccoordination,jointlypromotesustainableandstableglobalgrowthandworktowardpeacefulsolutionstokeyregionalandglobalissues,consensusonthedeploymentoftheTerminalHighAltitudeAreaDefense()egionalissuestopreventtheallianceofSouthKorea,theUSandJapanfromexertingadominantinfluenceintheregion,()summitfromJuly7to8inHamburg,Germany,Lusaid.

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Illustration:/GTOpeninguptheCentralAsianmarketfortheyuanwouldnotonlybenefitChina,butalsoCentralAsiancountries,,oneoftive,liquidityintheglobalmarketwillshrink,,,leadingtoalargeamountofglobalcapitalflowsbacktotheWest,estmentsasmarginalinvestments,whichcanberegardedasasu,emergingmarketportfolioi,,therapidgrowthofemergingmarketportfolioinvest,theUSFederalReserveraisedinterestrates,,thereis"three-prongedpressure"intheUS,frominterestraterises,ashrinkingbalancesheet,,becausethiswillleadtodepreciationfornumerouscurrenciesinemergingmarkets,localresidentsandenterpriseswillbelesswillingtoholddomesti"currencysubstitution",thebestoptionistopromotelocalcurrencyinintern,theyuanhasbecomeanimportantchoice,,theyuancanoffernewoptionsforassetpreservationforcountriesworryingabouttheslumpintheirdomesticcurrencies,,whoseeconomyandpercapitaGDPrankthehighestinCentralAsia,thedepreciationofthelocalcurrency,theTenge,,theTenge'sexchangerateagainsttheUSdollarwasabout30,,($558million)ofitsforeignreservesinyuan-denominatedassets,greateruseo,Chinaannouncedthat100billionyuan($),theChinaDevelopmentBankandExport-ImportBankofChinawillsetupspeciallendingschemesworththeequivalentof250billionyuanand130billionyuan,respectively,,intradebetweenChina,KazakhstanandotherCentralAsiancountries,,ionoftheyuaninthesecountriesaremostlysubsidiarybankswithlimitedcapital,,,@

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Illustration:/GTOpeninguptheCentralAsianmarketfortheyuanwouldnotonlybenefitChina,butalsoCentralAsiancountries,,oneoftive,liquidityintheglobalmarketwillshrink,,,leadingtoalargeamountofglobalcapitalflowsbacktotheWest,estmentsasmarginalinvestments,whichcanberegardedasasu,emergingmarketportfolioi,,therapidgrowthofemergingmarketportfolioinvest,theUSFederalReserveraisedinterestrates,,thereis"three-prongedpressure"intheUS,frominterestraterises,ashrinkingbalancesheet,,becausethiswillleadtodepreciationfornumerouscurrenciesinemergingmarkets,localresidentsandenterpriseswillbelesswillingtoholddomesti"currencysubstitution",thebestoptionistopromotelocalcurrencyinintern,theyuanhasbecomeanimportantchoice,,theyuancanoffernewoptionsforassetpreservationforcountriesworryingabouttheslumpintheirdomesticcurrencies,,whoseeconomyandpercapitaGDPrankthehighestinCentralAsia,thedepreciationofthelocalcurrency,theTenge,,theTenge'sexchangerateagainsttheUSdollarwasabout30,,($558million)ofitsforeignreservesinyuan-denominatedassets,greateruseo,Chinaannouncedthat100billionyuan($),theChinaDevelopmentBankandExport-ImportBankofChinawillsetupspeciallendingschemesworththeequivalentof250billionyuanand130billionyuan,respectively,,intradebetweenChina,KazakhstanandotherCentralAsiancountries,,ionoftheyuaninthesecountriesaremostlysubsidiarybankswithlimitedcapital,,,@

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