China launches Lijian-1 Y13 rocket to carry 5 satellites to space

China on Friday launched a Lijian-1 Y13 carrier rocket to send five satellites into space.

The rocket blasted off at 12:33 (Beijing Time) from the Dongfeng commercial space innovation pilot zone in northwest China. It successfully transported the satellites to their planned orbits.

The building of a constructive China-U.S. relationship of strategic stability will provide vast potential for cooperation in trade, technology and investment between the two countries, a Chinese scholar said on Thursday.

Wu Xinbo, executive dean of the Institute of International Studies under the Fudan University in Shanghai, said that the new vision of bilateral ties agreed on by Chinese President Xi Jinping and visiting U.S. President Donald Trump during their talks on Thursday is expected to provide strategic guidance for bilateral ties over the next three years and beyond.

Xi said the "constructive strategic stability" means positive stability with cooperation as the mainstay, sound stability with moderate competition, constant stability with manageable differences, and enduring stability with promises of peace.

"First, cooperation should be a primary aspect of China-U.S. relations, with both sides working together to expand the pie of cooperation. Second, competition between China and the U.S. is inevitable. However, this competition should be benign, not malicious. Third, differences will continue to exist between China and the U.S. in many areas. These differences cannot be resolved in the short term, but they can be well managed to prevent them from escalating into crises or even conflicts. Finally, and most importantly, China and the U.S. must maintain a peaceful relationship," said Wu. Wu also talked about on how to translate the new positioning of bilateral relations into actions, and jointly promote the stable, healthy and sustainable development of China-U.S. relations. "In the past, the U.S. addressed trade imbalances by launching unilateral tariff wars. I think tariffs will play a declining role as a bargaining chip in managing China-U.S. trade relations. The only solution to China-U.S. economic and trade problems is to expand the trade pie. Therefore, trade is the area where breakthroughs are most likely to be achieved," he said.

In the technology sector, with the advancement of Chinese technology, American companies have realized that if they ban the sales of their high-tech products to China now, they will permanently lose this market in a few years, which is detrimental to the development of the United States.

"As I said just now, insightful individuals within the United States, including business leaders, are calling on the U.S. to adjust its unreasonable and ineffective policies of suppressing and containing Chinese technology. The presence of so many tech industry leaders at this recent China-U.S. meeting demonstrates their emphasis on the Chinese market and indicates that the Trump administration values their demands," said Wu.

In the investment field, Chinese companies show willingness to invest in the United States, and American companies are also keen to expand their investment in China. Therefore, policy adjustments will unleash great potential for cooperation in major areas between them, said the expert.