Many private enterprises pledged equity to borrow money

stock or real estate investment, instead of investing in their main business, which is not recommended. What we should encourage is tha

t companies should finance R&D and technology, which is conducive to economic development.

Cai Fang, vice president of the Chinese Academy of Social Sciences

What lies behind the economic slowdown is the disappearance of the demographic dividend, which has ca

used a decline in the potential growth rate, meaning there is no longer a gap between actual growth rat

es and potential rates. Now, the natural unemployment rate has climbed from 4 to 5 percent, indicating there is no cyc

lical unemployment at present and thus excessive strong stimulus is unnecessary.

The government should focus policymaking on public employment services like

training and appropriately use macroeconomic policy tools to regulate the economy.

Lou Jiwei, chairman of the National Council for Social Security Fund

Industrial policy played a certain role in the early economic developmen

t stage, but later, the actual role of industrial policy was not all positive. Take the auto ind

ustry as an example. The current “big three” private car manufa

cturers have basically broken the constraints of industrial policies to grow up.

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As the West steps up its criticism of Myanmar over the Rohin

Rakhine issues, the country’s relations with the West have deteriorated. China is one of the few powers

Myanmar can rely on. There is vast cooperation potential between the two countries. China and Myanmar can a

dvance industrial cooperation under the framework of the Belt and Road Initiative, the China-ASEAN Free Trade Area, the China-M

yanmar Economic Corridor and the Bangladesh-China-India-Myanmar Economic Corridor. How to unleash M

yanmar’s huge development potential with the help of China should be placed on the NLD government’s planning agenda.

As Myanmar’s largest neighbor, China will continue to play an active role in promoting Myanmar’s nat

ional reconciliation and addressing the Rakhine issue as well as build mechanism for talks. It will assist My

anmar as much as it can. When investing in Myanmar, Chinese ente-invested projects, driven by nationalism an

d so-called environmental concern, are of no help in improving the country’s investment environment, and have hijacked economic development. Res

pecting the spirit of the contract is a basic requirement for modern states and their peoplrprises should pay attention to th

eir social responsibility. They should also address local people’s suspicions and misunderstandings on Chinese-inve

sted projects. We have reasons to believe that the prospect for China-Myanmar cooperation under the Belt and Road framework is promising.

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Germany claims the crown for record gathering of smurfs

group of German friends claimed a world record on Saturday for the highest

number of smurfs gathered in one place.

Fans of the blue elf-like creatures created in a Belgian comic strip during

the 1950s, managed to gather

2,762 people dressed and painted blue in regulation smurf attire – curly hats and all.

The gathering took place at the town of Lauchringen, near the German border

with Switzerland, the organizers reported on Facebook.

Their record came three years after their first attempt failed to beat the record

held by Welsh students who managed to unite 2,510 regulation smurfs in Swansea back in 2009.

The German‘s first effort failed, with only 2,149 turning up.

The rules of the game are strict: The only people counted as the genuine article are

those with any bare skin painted blue and the rest of the body clothed in smurf attire.

The group of friends made their second, victorious attempt on Saturday with the

backing of the mayor of Lauchringen, they said.

The smurfs, small, impish creatures who live in a village, were created by the

Belgian cartoonist Pierre Culliford, known as Peyo.

They became so popular that the stories eventually spilled over into cartoons and

even live-action films.

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Meanwhile, Japan continued signing agreements with

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 the 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 partners. It is a sm

all-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. Esp

ecially since Shinzo Abe took office, he spared no efforts at containing China. During Abe’s first te

rm, the Japanese government raised the idea of the “arc of freedom and prosperity.” When he became prime mini

ster for a second time, the policies advocated by his cabinet, including the values-based alliance, the alliance of m

aritime 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 c

onstrain China’s Belt and Road Initiative in the Pacific and Indian Ocean regions. In the At

lantic, 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 plan in advance by ut

ilizing its bilateral alliance system, trap-falling China’s military strategy into a passive position.

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Moreover, the number of Chinese who go abroad is closely

residents’ disposable income levels and income growth. Data from the National Bureau of Statistics (NBS) showed that in 2017, the per ca

pita disposable income of the high-income group reached 64,934 yuan ($9,604.71). For most of the residents in the high-inco

me group, overseas tours remain as a kind of luxury spending, thus the per capita disposable income for residents that traveled abroad

should be raised to at least 120,000 yuan a year. Yet this group probably numbers less than 100 mil

lion residents. In other words, the number of people who can afford the average cost of going abroad is theoretically less than 100 million.

Although many research institutions are optimistic about the development pr

ospects for Chinese people’s overseas tourism, the growth rate of private outbound trip

s was only 5.7 percent in 2017, compared to 22 percent in 2010 and 10.6 percent in 2015, showing a do

wnward trend. This may actually reflect the decline in the growth rate of disposable income.

I don’t agree with the so-called “consumption downgrade,” as the Engel coefficient – the propor

tion of money spent on food in household expenses – fell to 28.4 in 2018. Yet, the slowdown in consumption growth, increased leverage r

atio in home purchases and other factors have all impeded the pace of the consumption upgrade.

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Can playing China card boost BJP’s chances in India’s

The upcoming general elections are posing quite a challenge to Indian Prime Minister Narendra Modi and the situation is looking so tough that the ruling B

haratiya Janata Party (BJP) is raising just every possible issue which it thinks could work in its favor as the vote is about 60 days away.

As a last resort, the BJP is now trying hard to make an election issue of Congress chief Rahul Gandhi’s reported meeting with

some Chinese ministers and officials during his religious trip to Kailash Mansarovar. Addressing a rally in the eastern Indi

an state of Odisha, Gandhi had cited his recent meeting with some Chinese leaders saying India s

hould learn from the experience of China in creating jobs for youths. He mentioned China as an example to

emulate for fighting unemployment but the ruling BJP has added a new twist to his remark.

According to a government survey reported by an Indian business daily, India’s unemployment

rate stood at 6.1 percent in 2017-18 which was the highest in the past 45 years. Gandhi quickly t

urned to Twitter to hit out at the BJP dispensation, describing it as “National Disaster” but the ruling party termed it “fake news.”

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PLA Rocket Force Weibo accounts take off in popularity

Hundreds of thousands of users on Sina Weibo, the Chinese Twitter-like social media platform, have flocked to and followed the tw

o official Weibo accounts newly created on Thursday afternoon by the Chinese People’s Liberation Army Rocket Force.

PLA Rocket Force, formerly the Second Artillery Corps, was established on Dec 31, 2015, and serves as the strategic and tactical missile force of China.

It marks the first time for the PLA Rocket Force to open up official Weibo accounts, making the emergence of

two at once even more remarkable. One account shared the same name with the force, wh

ile another chose the funnier and more down-to-earth name Dongfeng Kuaidi, which means “Eastwind Delivery”.

Some netizens made a guess that the former one would be used for releasing official and formal news and the latter for communicating with the sea of Weibo users.

At the time of writing, the account PLA Rocket Force had over 82,000 follo

wers and Dongfeng Kuaidi had 180,000 fans, despite the fact that neither of the a

ccounts had posted any content yet. Meanwhile, the number of followers continues to surge wildly.

Most fans are surprised by the PLA Rocket Force’s move to “land” on a social m

edia platform with hundreds of millions of users, due to its air of mystery.

Many of them have said “welcome” to the PLA Rocket Force and could not to wait to le

arn more about and interact with it on the social media platform they often use in daily life.

The PLA is comprised of the Ground Force, Air Force, Navy, Rocket Force and Strategic Support Force.

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hina has become the biggest owner of AI patents, follo

wed closely by the US and Japan, the report revealed. The three countries own 74 percent of all issued AI patents globally.

The CISTP report noted that while China has the world’s secondlargest AI talent pool, it has a lower percentage of top talents.

By the end of 2017, China had amassed more than 18,000 AI specialists, behind only the US. But, Ch

ina had only 977 top-tier AI specialists, just one-fifth of the number in the US, ranking sixth globally.

“China’s strengths are mainly shown in AI applications and it is still weak on the front of core techn

ologies of AI, such as hardware and algorithm development,” the report noted. “China’s AI de

IJING – China’s new yuan-denominated loans stood at 3.23 trillion yuan ($477 billion) in

January 2019, up 328.4 billion yuan year-on-year, central bank data showed Friday.

velopment lacks top-tier talent and has a significant gap with developed countries, especially the US, in this regard.”

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He said the buyers assumed the housing price in January wo

ie Yifeng, president of the Realty Association of Asia-Pacific Cities, said the sliding sales

in January were due to seasonal factors and should not be regarded as a market trend.

“The Spring Festival was the main reason,” he said. “Property developers were not passionate about selling new proj

ects during the holiday, and it was not very realistic for banks to release housing loans before or during the holiday.”

“A significant index was the registered sold property on the government’s website, but government employees were on

a break too and the statistics of sold property registered on the government’s website were not getting a timely upd

ate,” he said. “The real statistics from last December to January will gradually start to be updated in March.”

In fact, Xie predicted the market in 2019 would be better than last year, as he said the real market indicators were the rising land prices and the amount of land sold.

“The decisive factor is the government’s decision on the shantytown redevelopment policy,” he added, pointing

out that this was expected during this year’s session of the National People’s Congress in March.

Zhang Bo, chief analyst at the 58 Anjuke Institute, said apart from buyers being skeptical tow

ard the price, the weakening intention for speculation was another factor contributing to the slow sales in lower-tier cities.

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Valentine’s Day: Yes, men can be romanticong the trees at H

As Valentine’s Day approaches, I felt compelled to write an article to share my thoughts about the misconception that men in

general are unromantic. I hope that I can motivate members of the male gender to rise to the challenge of cor

recting that misconstrued assumption about their romantic notions or inclinations being nonexistent.

During research for my first book, I received a consensus from most of the women I talked to that the majority of m

en are unromantic by nature. As a man who considers himself to be more romantic, I went on a continuous journey to d

iscover the truth behind that misconception in an attempt to understand and rectify it.

I realized from my discussion with members of both genders that men and women tend to deal with romance in slightly different ways. Many women perm

it their hearts to control their perspectives when it comes to romance, while many men use their minds to deal with

the issue of romance. For many women, romantic gestures must touch their hearts deeply enough to awe them. M

any men, meanwhile, tend to evaluate those gestures based upon the impact that they have on their brains.

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