Market expectations for interest rate cuts have been rising in

 China after Spring Festival. Before embarking on their next move in interest rate reform, however, policymakers need to assess dom

estic macroeconomic conditions in order to reduce financing costs. It is more urgent to let the financial market determine the lending rate, Sun said.

“We hope (policy fine-tuning) will not surprise the market when it is introduced,” Sun said.

Communication with other countries is also needed before launching new policies or introdu

cing creative monetary policy tools, and “the PBOC has good communication mechanisms with other c

entral banks including the US Federal Reserve and the European Central Bank”, Sun said.

Last year, the PBOC removed some constraints on credit, including liquidity in

jection through cutting the reserve requirement ratio four times and capital rep

lenishment by allowing commercial banks to issue perpetual bonds, which have no maturity rate, he said.

Chinese commercial banks, however, are still using the one-year lending rate of 4.35 percent — th

e rate commercial banks charge businesses — set by the central bank in 2015. It is higher than in

terbank market rates or the interest rates banks have been paying to the central bank of 3.05 to 3.30 percent.

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Norwegian-born youth predicted to play for China

orwegian-born John Hou Sæter, a midfielder with Beijing Guo’an, received his temporary Chinese ID card Tuesday, becoming the first naturalized Chinese footballer.

Known as Hou Yongyong in China, the 21-year-old is expected to make his Guo’an debut in the Chinese Football Assoc

iation (CFA) Super Cup match between Shanghai SIPG and Beijing Guo’an next weekend, according to The Paper.

Guo’an has also registered him up for the upcoming AFC Champions League.

It has also been predicted that he may receive a national team call-up in the future.

Hou Sæter made his debut for Norwegian side Rosenborg in a domestic cup game against Orkla F

K in 2014. The appearance made him, at 16 years and 101 days, Rosenborg’s youngest ever senior player.

In September 2014 he made his debut in the Norwegian top f

light against Aalesund, coming on as an 81st-minute substitute in a 3-0 win. This made him his sid

e’s youngest ever league debutant, at 16 years and 258 days, beating the previous record by nine days.

Speaking on the speculation that Hou Sæter may one day play for the Chinese national side, h

is mother, Hou Yurong, said that it would be “both my wish and his own choice. I’m always his biggest fan.”

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South Korea began paying for the U.S. military deplo

the early 1990s, after rebuilding its economy from the devastation of the 1950-1953 Korean War.

About 20 anti-U.S. activists rallied near the Foreign Ministry building in Seoul on Su

nday, chanting slogans like “No more money for U.S. troops.” No violence was reported.

“The United States government realizes that Korea does a lot for our alliance and peace an

d stability in the region,” chief U.S. negotiator Timothy Betts said Sunday in Seoul. “We are very pleased ou

r consultations resulted in agreement that will strengthen transparency and deepen our cooperation and the alliance.”

The deal, which involves the spending of South Korean taxpayer money, requires parliam

entary approval in South Korea, but not in the United States, according to Seoul’s Foreign Ministry.

The allies had failed to reach a new cost-sharing plan during some 10 rounds of tal

ks. A five-year 2014 deal that covered South Korea’s payment last year expired at the end of 2018.

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The second opportunity is China’s reform. He said reform

has been and will continue to be a key driver of China’s economic growth. In 2018, corporate and individual tax cuts to

taled 1.3 trillion yuan, and industrial profit increased by 11.8 percent, compared with the previous year.

“As reform deepens in all areas, including sweeping fiscal and tax reform and stren

gthening of IPR protection, China will create more opportunities for the world,” he said.

China’s opening-up is the third opportunity. Liu said despite the steep drop in glo

bal FDI, foreign investment flowing into China totaled $135 billion, which was up by 3 percent last year.

The country is also lifting the restrictions on foreign ownership in joint-venture companie

s in sectors including banking, insurance, securities, auto manufacturing, and shipbuilding.

Moreover, as the Chinese people have an increasing appetite for overseas products, the country is moving from being a global seller to a global buyer.

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There are currently more than 5 million mutual visits between

the two countries every year,and China and the US have become each other’s largest and second-largest sources of international students.

“The year 2019 marks the 40th anniversary of diplomatic relations between China and the United States. Over these decades, there has been a ma

rvelous growth in people-to-people contacts and ties between our two countries. As we now look forward to the co

ming decades, the friendship between our two peoples will continue to be the very foundation of relations between our tw

o great countries. That’s why we invite you, invite all our friends all over the United States to come and share with us y

our most memorable stories with China. Together we will build stronger ties between our peoples. And with your per

sonal stories, you will help make history,” said Cui Tiankai, Chinese ambassador to the US.

“People are the most interesting stories behind a sound bilateral relationship, and picture

s are a strong testimony to such relations,” said Zhou Shuchun, publisher and editor-in-chief of China Daily. “At

China Daily, especially with our newly launched Global Edition, we are committed to bridging the gap of u

nderstanding through powerful people stories. I believe when we see your photos and hear the stories which go with th

em, we will better understand the essence of China-US relations, which is really about people,” Zhou said.

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Senior-friendly furniture remodeling returns home safe and sound

CHANGSHA – Luo Pengfei, 22, is a good communicator with the elderly as it is his job to visit them every day to remodel their furniture.

“We visit the elderly to learn about their self-care ability, measure their bathroom area and threshold

height, and check whether the floor will be slippery when getting wet,” said Luo, who works for K

angle Nianhua, a company providing senior care services in central China’s Hunan Province.

Luo will design the layout and then start home space reformation to clear hidden dangers, to give the elderly a safer home.

In rooms where the elderly are prone to falls, Luo’s company will install handrails or grab bars

and add non-slip stickers and pads. In the bathroom, the company will install a bathstool and a toilet chair.

The company also provides crutches for those with mobility problems.

Long Xinjian, 61, resident in the provincial capital of Changsha, has long suffered fro

m high blood pressure and coronary heart disease. He had fallen in the toilet several times, but now with p

ads, wall handrails, removable toilet chairs and bath stools installed, he no longer worries when using the toilet.

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cientists develop structural brain atlases for Chinese

Scientists have developed structural brain atlases for the Chinese pediatric population, o

ffering a basic tool for future studies on Chinese children’s brain development.

In magnetic resonance (MR) imaging studies of child’s brain development, structural brain atlases usually serve as imp

ortant references. However, the popular existing pediatric brain atlases are mostly based on MR images obtained from C

aucasian populations and thus are not an accurate characterization of Chinese children’s brains due to differences in genetic and environmental factors.

Scientists from the Beijing Normal University have created a set of age-specific Ch

inese pediatric atlases based on high-quality MR images from 328 cognitively normal Chinese children aged between 6 and 12.

The brain atlases include sex-specific templates and multiple age-specific templates. They show dramatic anatomica

l differences in the bilateral frontal and parietal regions compared with the brain atlases based on Caucasian populations.

The brain atlases have been released online and researchers can download it for free. They may help reveal the Chinese c

hildren’s brain structure and functional development, providing a reference for neuroimaging studies on Chine

se children with abnormal brain development such as autism and Attention Deficit Hyperactivity Disorder (ADHD).

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sked why so many Chinese companies chose to list in NY

exchanges, Ibrahim said one major reason is that U.S. market is the deepest in the world and companies want to have access to liquidity.

He added that the companies also want to be next to their competitors that have already be

en listed in NYSE so as to make sure the evaluation

is aligned and make themselves available to the vast number of investors.

“This trend will continue because I think there are fantastic companies in China,” he said.

He said that the human element the NYSE has is also an important reason companies are willing to be listed there.

On the other hand, the demand from U.S. investors’ side for Chinese companies and products is high.

Ibrahim said there are a lot of great entrepreneurs

creating and selling new technologies and tapping the growth of Chinese economy.

“Investors want to be part of this growth,” he s

aid, adding that the way to access the growth is through IPOs.

NYSE-listed companies traded with 45 percen

t lower volatility compared to companies listed and traded on other U.S. exchanges, according to the stock exchange.

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lbayalde added that three others, including the “two Asian su

bers,” were among those who were killed in the attack.

The police claimed that Kamah, an alleged member of the Abu Sayyaf’s Ajan

g-Ajang sub-group, was seen near the church moments before the explosions.

Albayalde said the attack was plotted as early as between Jan. 8. and Jan. 21. “An identified Asian couple believed to be ho

led in Lampinigan island for a few days sailed to Jolo on Jan. 24 by pump boat to meet up with other suspects.”

From fragments and components recovered at the scene, Albayalde said forensic technic

ians concluded that the bombs were made by pipes that contained “possible ammonium nitrate-fuel

il compound as primary explosive charge and possibly boosted by secondary high explosives.”

The IEDs are typical bombs used by the Abu Sayyaf militants, Albayalde said. “The signature

of the Abu Sayyaf group, therefore, is patently present in the IED used in this latest terror attack in Jolo.”

Albayalde added that the investigation of the blasts “is far from over as there are evidences that n

eed to be carefully examined to test its consistency with other facts and circumstances surrounding the incident.”

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on current high-level development, make further prog

Meeting with Foreign Minister Ri Yong Ho of the DPRK in December, 2018, Chinese President Xi Jinping noted that China wil

l always support the amelioration of inter-Korean relations and facilitate reconciliation and cooperation between the two sides.

“China always stays firmly committed to the denuclearization of the Korean Peninsula and adheres to establishing a peace m

echanism and solving issues through dialogue. We’ve taken efforts toward this for more than 20 years,” said Wang.

“We are happy to see the situation of “double suspension” continue and expect to promote

parallel progress in the denuclearization of the peninsula and the establishment of a peace mechanism,” he added.

ina-Russia economic and trade cooperation, the bilateral trade volume was proje

cted to exceed 100 billion U.S. dollars in 2018, while the two sides agreed to work togethe

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