Under the guideline, released by the Central Committee of

the Communist Party of China and the State Council, China’s cabinet, Chinese authorities will consolidate the produc

tion capacity of such products as edible-oil crops and cotton through improving quality and efficiency.

The nation will also improve the subsidy policy for soybean and corn producers this year, while also

scaling up imports of agricultural products in shortage and diversifying import channels, the g

uideline read. China will also cultivate a group of multinational agricultural enterprises.

Jiao Shanwei, editor-in-chief of grain portal cngrain.com in Central China’s Henan Province, told the Global Times that the guide

line, which is issued at the beginning of each year and widely interpreted as laying a policy framework for

China’s agricultural industry, sends a clear signal to the market that China will take measures such as importing from alte

rnative sources like Russia and Brazil as well as encouraging domestic cultivation, to be less reliant on US soybean imports this year.

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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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But Myanmar still has some obstacles to deal with in order

attract foreign capital. The first is instability in the job market and relatively low labor efficiency. Particularly, the recent years have seen an increasing number of strikes and the failure of the g

overnment to ease industrial relations conflicts with effective measures has crippled investor confidence in the country. Some foreign ent

erprises even withdrew from Myanmar and shifted to neighboring countries, denting the image of the nation.

Second, Myanmar’s backward infrastructure may deter potential investors. A small nu

mber of power generation facilities and fragmented grids cannot ensure stable and sufficient po

wer supply. Access to electricity is limited to only 26 percent of the population, impeding Myanmar’s economic development.

Third, some Myanmese are prejudiced against foreign investment. Worrying that Myanmar’s eco

nomic and social interests may be impaired, they turned their backs on foreign investment. Demonstrators r

allied in Kachin State to demand the government permanently halt the Myitsone dam project, without giving any constructive suggestion on the fo

llow-up arrangements. It’s fair to say some movements against foreign-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. Re

specting the spirit of the contract is a basic requirement for modern states and their people. Myanmar State Councilor Aun

g San Suu Kyi recently said an administration shouldn’t terminate foreign-invested projects approved by its predecessor.

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Folorunsho Amsat, a journalist, told Xinhua one of the

 of the polls postponement is that it would cause many voters to be depressed and the country might record a low turnout of electorates when the election eventually holds.

“The momentum is dying. I hope it’s not dead in one week,” he said.

According to the electoral chief, shifting the polls was “a difficult decision for the Commission to take.”

For more than seven hours, the electoral chief and the 12 nation

al commissioners of the INEC were in a closed-door meeting on Friday night.

The elections were supposed to hold at 119,973 polling units across the country while collation of res

ults was to take place in 8,809 registration areas or wards, 774 local government areas in 36 states and the capital Abuja.

Sources had hinted a possible postponement of the election due to logistic challenges in some parts of the country.

The official News Agency of Nigeria, citing official sources in the north-central state of Niger

had reported that ballot papers for two of the state’s three senatorial districts were missing as of Friday evening.

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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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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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Xiao was rescued when procurators from Pingyuan county

visited his village during a campaign focused on protecting children’s rights in March last year.

Procurators interviewed Xiao’s grandparents, visited Xiao’s former primaryers, and contacted Xiao’s mother during their visit.

Procurators then transferred Xiao’s case to local police and suggested the detention of his aunt while they further investigated the case, having found evidence of maltreatment in his uncle’s home.

After a health examination in a local hospital, Xiao returned to live with his grandparents.

With the help of the county’s procuratorate and relevant government departments, Xiao returned to school in September.

The procuratorates of Meizhou city and Pingyuan county have jointly granted a 60,000 yuan ($8,860) relief fund to help financially support Xiao.

An open public hearing into the matter is to be launched by Pingyuan county people’s court.

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ple of foreign guests are excited to take part in the fair’s

Over 180,000 people were attracted to the grand fair, which has been listed as a National Intan

gible Cultural Heritage, and watched the square parade, the fair’s most anticipated activity.

The parade featured over 20 troupe performances included lion dances, a waist drum presentation, stilt walking and

other local folk art shows. The folk parade stretched 2.5 kilometers around Meili town, Wuxi’s Xinwu district.

In celebration of the 70th anniversary of the founding of the People’s Republic of China, parade

s float went along the route expressing the people’s gratitude to the country and great expectations for the future.

During the opening ceremony, the first cultural tourism brand of Wuxi Xinwu district, “Tai Bo You Li“, was launched, and product

ions of the district’s history, Wu culture, local intangible cultural heritage and travel routes were staged.

The eight-day event will last until Lantern Festival, and will feature traditional trading fairs,

demonstrations of intangible cultural heritages and folk art, and public cultural activities.

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New regulations will target abnormal trademark filings

In a bid to improve the nation’s business environment, the China National Intellectual Property Administration will roll

out a new set of regulations on trademark filings to curb the “applications out of malice”.

The regulations draft has been publicized on the CNIPA website, soliciting suggestions and opinions from the public until March 14.

The move reflects a shift in policymakers’ focus from intellectual property quantity to quality, s

aid Li Shunde, a senior IP researcher at the Chinese Academy of Social Sciences.

Comprised of eight articles, the new regulations target “abnormal applications”, such as trademark sq

uatting, imitating established brands and filings with no intentions for actual use in industry or business.

The regulations, once they take effect, will also come as a severe blow to tradema

rk speculators, who apply for and stock trademarks for trade rather than industrial or business use.

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more C919 jets to make maiden test flights this yearakes its mai

Another three prototypes for China’s first homegrown large passenger jet, the C919, will conduct their maiden flights this year, follow

ing the success of a third one on Dec 28, 2018, according to the Commercial Aircraft Corporation of China Ltd (COMAC), the maker of the jet.

The 104 prototype test aircraft of the China-made C919 has entered its final assembly stage, the 10

5 is undergoing the assembly of major components, and the main components of the 106 are in pro

duction. The maiden test flights for all three new prototype jets are expected to take place before the end of 2019.

The addition of these three would bring the total number of C919 prototype test aircraft to six.

To date, domestic and overseas buyers have placed orders for 815 of the China-m

ade C919 aircraft.Chinese communities around the world welcomed the Year of th

e Pig on Feb 5, ushering in Lunar New Year with prayers, family feasts and shopping sprees.

Celebrations took place across the globe, ranging from Southeast Asia’s centuries-old Chi

nese communities to the more recently established Chinatowns of Sydney, London, Vancouver, Los Angeles and beyond.

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