The central bank will eliminate that interest rate margin

sooner or later, and guide commercial banks to lower lending rates closer to a market-determined level, Sun said.

“Theoretically, there is room for rate cuts of 1 percentage point,” said Zhang Tao, a

n analyst in the financial market department of China Construction Bank.

China has enacted both monetary and fiscal policies to offset downward pressure on eco

nomic growth this year. Some economists have predicted the growth rate may slip in the first quarter be

low the 6.4 percent of the past three months of 2018 because of factors such as trade tensions.

US Federal Reserve Chairman Jay Powell decided on Jan 30 to shelve a plan to keep raisi

ng interest rates because of possible risks to US growth. The European Central Bank stopped exp

anding quantitative easing and warned about the negative results of Brexit.

12xe6.cn

hina has seen 4.8 percent yearly growth in foreign dire

rect investment in January, and its high-tech service industry has seen the most dramatic increase in the use of foreign capital.

According to Ministry of Commerce data released Thursday, the country has attracted 84.18 bil

lion yuan ($12.41 billion) in FDI in the first month of 2019, up 4.8 percent year-on-year.

Foreign capital flowing to the country’s high-tech service sector in January has mo

re than doubled compared to the same period in 2018, reaching 15.77 billion yuan.

The total FDI used in the manufacturing industry has also climbed by 5 percent y

ear-on-year, totaling 26.7 billion yuan. The service sector has used 56.2 billion yu

an in FDI, up 5.1 percent, and the high-tech industry has seen a 40.9 percent yearly growth of FDI used.

FDI from the United States has seen a staggering 124.6 percent year-on-year growth.

ax142.cn

Festival brings to fore importance of demographic data

Spring Festival, celebrating the start of the Chinese Lun

ar New Year, is unique beyond being the most important festival in the world’s most populous country.

Not only is it the longest holiday that most workers in China are entitled to, it also pr

oduces the largest annual human population movement in the world, th

anks to the age-old tradition of family reunions that are at the center of the occasion.

This year, the Year of the Pig, which is strongly believed to be associated with good fortune, has seen hundreds of millions

of workers based in cities and big towns returning to their smaller towns and villages of origin to reunite a

nd feast with their families-including their parents, and, for many, also their spouses and children. The official fo

recast is that this year, nearly 3 billion trips will be generated during the 40-day travel rush from Jan 21 to March 1.

While it might not be so obvious, this huge social phenomenon both shapes and is shaped by the sheer size and dis

tribution of China’s population linked to births, deaths and migration, and the way these three sets of vital events interact.

ax147.cn

Demographic data on births, deaths and population mov

ements may appear boring, but they matter a lot. They are important to understanding how humans function as individuals and as members of society.

China’s development is now more focused on the quality of economic growth, including

spreading its benefits to all citizens irrespective of their life circumstances. This emphasis aligns well wi

th the 2030 Sustainable Development Agenda of leaving no one behind, and putting the furthest behind first.

However, without greater attention to the collection, disaggregation and utilization of data

on key aspects of population trends, this quest will be more difficult to accomplish.

Developing sound social and economic policies and making smart infrastr

ucture investments require a full understanding of the key features of the population at ev

ery level-its size, gender and spatial distribution, and age structure-now and in the future.

The author is the resident representative for China of the United Nations Population Fund.

www.ex177.cn

Consumers are more willing to spend money this year

Whether it is filial piety to the elderly or rewarding children or themselves, trading volu

me has kept growing. Spending on entertainment and travel also grew fast,” said Chen Han, a data analyst at China UnionPay.

Consumption has become the biggest driver for the economy, contributing 76.2 percent of the co

untry’s economic growth last year, up 18.6 percentage points over the previous year, the National Bureau of Statistics said.

“Judging from major economic indicators, domestic demand has become a decisive force of China’s economic gro

wth,” said Wang Bin, deputy director-general of the ministry’s department of market operation and consumption promotion.

Several factors will support steady consumer spending growth in China. Residential inco

me has been increasing fast and deeper pockets facilitate more spending. The second China Int

ernational Import Expo in Shanghai will also offer more access to global products, Wang said.

Wang Jun, a researcher at the China Center for International Economic Exchanges, exp

ects more favorable policies to further boost domestic shopping this year as nationwide tax cuts continue.

qe78w.cn

Film academy probes PhD actor accused of academic plag

The Beijing Film Academy is investigating actor Zhai Tianlin, who has been the target of plagiarism allegations, Beijing Youth Daily reported on Monday.

The academy organized an investigative team to look into Zhai’s case and has zero tolerance for academic misconduct, the newspaper said, citing the academy.

Zhai, 32, has a PhD from the academy and is a postdoctoral candidate at Peking University. He

found himself in hot water on social media recently after a Sina Weibo blogger accused him of plagiarism last week.

Zhai, who is said to have the highest academic qualificat

ions in China’s entertainment industry, has frequently flaunted his academic achievements in his

social media posts, which have detailed the difficulties he said he had while working on his papers.

He raised a flurry of chatter online in August when he said in a live video appearan

ce that he did not know what the China National Knowledge Infrastructure was. CNKI is the largest a

nd most widely used online academic library in China for university students writing theses and dissertations.

www.qw46q.cn

Tiantongyuan redevelopment set to improve livesy station

The region to the north of Beijing’s Fifth Ring Road is dominated by Tiantongy

uan, an enormous neighborhood reputed to be the largest residential area in Asia that houses approximately 700,000 people.

The area, which is home to more than 3 percent of the city’s population, mainly migrant work

ers, is nicknamed “Sleeper Town” because a lack of amenities and entertainment facilities mean most of the residents only go there to rest.

Located at the end of subway line 5, a major route connecting the downtown to the northern

suburbs, Tiantongyuan attracted its huge population as a result of its low property prices and relatively convenient location.

However, its dilapidated condition is a major headache for the city and the area faces a ho

st of problems, including a lack of infrastructure, both social and industrial, allied to heavy traffic congestion.

Priced at 2,650 yuan per square meter in 1999, Tiantongyuan was built to provide affordable housing

. Nearly 20 years later, property prices in the community have risen more than fourteenfold to 38,000 yuan ($5,600) per sq m.

www.ypidv.cn

Some conservatives in South Korea voiced concerns over a we

akening alliance with the United States at the same time as negotiations with North Korea to deprive it

of its nuclear weapons hit a stalemate. They said Trump might use the failed military cost-sharing negotiations as an excuse to pull back so

me U.S. troops in South Korea as a bargaining chip in talks with North Korean leader Kim Jong Un.

Trump told CBS’ “Face the Nation” on Feb. 3 that he has no plans to withdraw troops from S

outh Korea. During his election campaign, Trump suggested he could pull back troops from South Korea a

nd Japan unless they took on greater a share of the financial burdens of supporting U.S. soldiers deployed there.

South Korean media earlier reported that Trump demanded South Korea double its spe

nding for the U.S. military deployment, before his government eventually asked for 1.13 trillion won ($1 billion).

Seoul’s Foreign Ministry said the U.S. had called for a sharp increase in South Korean spending but didn’t elaborate.

www.khlee.com.cn

he CBA canty and stomp BeiKong send 13 consecut

  Tencent sports on January 30-2018-19 season CBA season 37 wheel, jiangsu suzhou candy a

nd sat at home against BeiKong.Candy and pre-emptive 13-3 start.Then Ken,

and gradually expand the leading edge, always sta

y in around 20 points lead in the second half.Final match, suzhou, jiangsu

province, and in a 113-11

3 victory over the BeiKong, winning three straight to opponent ten burnley at

the same time.”The CBA project”

  This data

  Match rebounds 57-41 was dominant, assists 31-15 candy and leading, and

error control in 17-12 BeiKong do better, shootin

g 52% 33% higher, 10 of candy and 26 three-point shots, 6 BeiKong 32 shots,

candy and the ratio is higher.

  Player data, candy and five players in double figures, and Dudley was 19

points, 5 rebounds, hong-fei shi 15 points, five assists,

Sloan 14 points and 4 rebounds and 6 assists, Wu Guanxi 14 points and 13

rebounds, li yu 12 points and 13 rebounds.

  BeiKong aspects only 3 players in double figures, Robinson 17 points and 14 rebounds,

16 points, beam Zhang Minghao 12 points and 3 rebounds, Laredo only 9 points

and 4 rebounds, 7 assists.

www.xuexizhongguo.cn

The preferential treatment will target those registered as needy

alf a year, on subsistence allowances or recent graduates from higher educational institutions.

The decision allows provincial-level governments to raise tax relief by 20 percent at most, depending on the needs of the region.

Companies who have hired the needy and paid social insurances for them can also en

joy tax deductions to the tune of 6,000 yuan per person a year for three years.

Local governments at provincial levels can lift tax relief by 30 percent at most according to local conditions.

The tax deduction mainly covers value-added tax, urban maintenance and constru

ction tax, educational surcharge and individual income tax and will be effective from Jan. 1, 2019 to Dec. 31, 2021.

A separate statement, which was jointly issued Saturday by the Ministry of Finance, the State Taxation Administration and the Ministry of Vete

rans, said that self-employed veterans can also enjoy all the preferential treatments.

Companies who have hired veterans can also enjoy tax deduction to the tune of 6,000 yuan per person a year for three ye

ars. Local governments at provincial levels can lift tax relief by 50 percent at most according to local conditions.

www.cdyyfq.cn