In short, thanks to changes in the internal and extern

al environment, China’s monetary policy is expected to sail out of the “reefs” in 2019, becoming more flexible in maintaining its prudent, neutral, and marginally loose stance.

We believe that comprehensive and targeted cuts to reserve req

uirement ratios, reductions in open market rates, and increased use of targeted medium-term l

ending facility will become the main policy tools of China’s central bank in 2019. Only when extreme changes happen in the internal and external env

ironment (for example, the Chinese economy fails to stabilize in the middle of 2019 and the Fed doesn’t raise interest rates),

will the possibility of lowering the benchmark deposit and lending interest rates rise significantly.
hina will take measures to help domestic soybe

an and corn farmers, while also seeking to expand imports of certain agricultural products that are considered in s

hortage through diversified channels, according to a central government guideline released on Tuesday.

The plan, came before a new round of trade negotiations between Chinese and US officials set fo

r Thursday and Friday, shows Chinese policymakers’ determination to be le

ss dependent on US agricultural imports such as soybeans even if a deal is likely to be reached, industry analysts said.

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Even if the 25-percent duties imposed on soybeans shipp

ed from the US are lifted as a result of upcoming bilateral trade talks and China’s decision to resume soybean imports, “the

percentage of US soybeans in China’s total imports could further dwindle in 2019″ as the nation looks for w

ays to avoid further escalation in the weakening economic relationship, Jiao said.

In 2018, China purchased 16.6 million tons of soybeans from the US, about half of 2017’s level of 32.9 million tons and the lowest since 2008

, Reuters reported. Meanwhile, the country is buying more soybeans from Brazil, Argentina and Russia.

In January, relevant departments issued a soybean “rejuvenation” plan, aiming to boos

t soybean cultivation in traditional planting areas including Northeast China, Cent

ral China’s Henan Province, East China’s Anhui and Shandong provinces and Southwest China’s Sichuan Province.

The plan also specified that China will allocate 10 million mu (666,666.7 hectares) of land for soybean planting in 2019.

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School strips alumnus actor’s PhD over plagiarismen in Dec

The Beijing Film Academy (BFA) revoked alumnus actor Zhai Tianlin’s doctorate following an investigation into allegations of plagiarism in one of his published papers.

Zhai’s PhD adviser, Chen Yi, was disqualified from teaching doctoral candidates. Both Zhai and Chen accepted the school’s dec

ision and further investigations will continue, according to a notice BFA posted on its Sina Weibo account Tuesday afternoon.

Zhai, 32, graduated from BFA with a doctorate last summer. But 40 percent of the paper mentioned above wa

s revealed to be plagiarized after his admission into a post-doctoral position at Peking University drew netizens’ attention.

Zhai appeared ignorant of the cnki.net, a famous Chinese database of academic literature, in a live broadcast in August 2018.

Portions of his paper were based on Zhai’s acting experience, but some key expressions were the views of other aca

demics, which were not properly cited. This is a serious academic misconduct, the BFA notice said.

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bundant mallow harvest a boon for impoverished Iraqis

With rain spreading across Iraq, mallow growing in the northern and eastern parts of the country gives impoverished people food to eat or sell for extra money.

Mallow, or Malva pusilla, is a cosmopolitan weed found principally in temperate regions of the w

orld. It is a fast-growing annual or perennial herb with the capacity to grow in dense patc

hes in gardens, yards, roadsides, waste ground, orchards, pastures and agricultural fields.

It grows without any assistance and easily harvested and so is often called the “food of the poor.”

It is also delicious and good for one’s health.

Thanks to the heavy rain in Iraq, this year mallow spread and were found for collectors to harvest in winter, without any help from farmers.

Some of poor families are able to collect mallow plants and sell them due to its medical value, as it is used to treat some sicknesses and to strengthen immunity.

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The government should appropriately increase investm

ent in emerging infrastructure, especially in 5G and industrial internet infrastructure, in which there is much room for investment.

Li Bo, vice chairman of the All-China Federation of Returned Overseas Chinese

The core of securities regulation is information disclosure, rather than letting the government decide or mainta

in stock indices at certain levels. Therefore it is essential to introduce registration-based IPO system reform more

quickly and comprehensively. Moreover, reform to the social security system for seniors should be swiftly enacted. If we want to increase the weight of l

ong-term stable institutional investors in the A-share market, reform to the social security system for retirees is a crucial step.

Lu Lei, deputy director of the State Administration of Foreign Exchange

The development model characterized by a low factor cost and low added-value is not sustainable, w

hich is a long-term challenge for China’s economic health. Meanwhile, overdependence on liquidity,

reflected by low interest rates and leverage ratios, is the short-term challenge.

All the crises and lessons in emerging markets derive from internal imbalances, namely, that the r

eal economy lacks competitiveness and operates with high leverage. External risk management and c

ontrol may buy time, but it can only delay systemic risks if there is no effective internal structural reforms.

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The UK made a proper move by introducing ways to

After Chinese sportswear brand Li-Ning returned to the catwalks of New

York Fashion Week for the second time ever on February 12, the appearance quickly be

came a hot topic of discussion on social media in China. Several years ago, Li-Ning probably never dared imagine that i

ts products could become so popular among young people in China. However, not only has the company found great suc

cess with this demographic, it has also pushed many older Chinese brands to explore new paths to young people’s hearts.

Bumps along the way

The company gets its name from Li Ning, the pride of China. With 14 gold medals at world-class gymnastic competitions, thr

ee of them Olympic gold medals, he earned himself the title “Prince of Gymnastics.” Chinese people still talk ab

out the moving scene when he lit the torch at the 2008 Beijing Olympic Games. After retiring from gymnastics, Li fo

unded the sportswear brand in 1990, becoming not only a legend in sports but also in business.

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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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llegedly maltreated boy appears before court in Guangdong

teenager rescued from seven years of alleged maltreatment at the hands of his aunt and uncle

has appeared before the court in Pingyuan county, Meizhou city, Guangdong province.

The news came from a statement released by Guangdong High People’s Procuratorate on Friday.

Xiao Ming‘s aunt was suspected to have maltreated him for more than seven years, starting

when he was seven years old, resulting in severe physical and psychological damage, the statement said.

Xiao, born in 2004, lived with his father after his parents divorced in May 2008. After his father

died in a mining accident in October the same year however, Xiao was sent to live with his grandparents.

It was in May 2011 when his uncle (his father’s older brother) an

d aunt forced Xiao to live with them that the alleged maltreatment began.

It is claimed that the family treated him so poorly that he had insuf

ficient food and clothes, and that he dropped out of school to do farm work for his aunt.

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In the guidelines, the regulator set detailed rules on

the basic prerequisites that micro and small enterprises should meet to renew their loans and on the regulatory

requirements for banking institutions to do this type of business.

The loan renewal policy does not apply to real estate companies or enterprise group head office that are not engaged in production

and business operation. Besides, qualified companies should not have delinquent loans and interests with malice, according to Jiang.

In terms of pricing, the regulator said commercial banks should adhere to market principl

es and encouraged banks to renew micro and small business loans at a lending rate no higher than the previous rate.

As of the end of 2018, the balance of micro and small business loans of the banking sector in Beijing

increased by 15.23 percent year-on-year to 1.2 trillion yuan ($176.95 billion). During the same pe

riod, the number of micro and small enterprises that received loans grew by 59,500 to 257,200.

A recent survey on 617 micro and small businesses in 200 villages in Beijing’s peripheral areas found that at the start-up phase, 13 perc

ent of the businesses obtained bank loans, 13 percent borrowed from friends and relatives, 8 percent secured funding from

microcredit companies, nearly 8 percent received loans from small lending services offered by Alibaba Group Ho

lding Ltd and Tencent Holdings Ltd, while the majority of business owners used their own money or borrowed from individual creditors, said Mo Xiugen, di

rector of research at the Chinese Academy of Financial Inclusion at Renmin University of China.

He advised policymakers to encourage joint-stock commercial banks and microcredit com

panies to play a bigger part in providing financing to micro and small companies, as these financial institu

tions are more flexible and experienced in serving small business clients than large State-owned commercial banks.

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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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