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China and the European Union have committed to achieving major progress this year in negotiations for a high-level bilateral in
vestment agreement with a view to concluding the ambitious accord next year, according to a joint statement.
The two sides pledged to widen market access, eliminate discriminatory requireme
nts for foreign investors and establish a balanced investment protection framework, according to a joint statem
ent issued after the China-EU leaders’ meeting held in Brussels, Belgium, on Tuesday.
Premier Li Keqiang, European Council President Donald Tusk and Eur
opean Commission President Jean-Claude Juncker co-chaired the annual meeting and reach
ed consensus on a wide range of issues, including bilateral ties, global challenges and governance.
They committed to building an economic relationship based on openness, nondiscrim
ination and fair competition, ensuring a level playing field, transparency and mutual benefit, the statement added.
Two-way trade between the EU and China reached more than $682 billion last year. The E
U is China’s biggest trading partner, and China is the EU’s second-largest trading partner.
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.