Balancing growth with structural reformting perform

After a disappointing performance in 2018, China’s economy appears to be stabiliz

ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow

th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar

ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.

Moreover, fixed-asset investment (FAI) grew by 6.3 percent-0.2 percentage points higher than in the previous quar

ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in

frastructure (4.4 percent). The growth of investment both in real estate and infrastru

cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.

www.weishow.com.cn

On the basis of the four China-Japan political documen

s and in the spirit of seeing history as a mirror as well as facing the future, the two nations sho

uld continue to work toward the long-term, healthy and stable development of bilateral relations, he said.

As major economies in the world, China and Japan both support free trade and obey WTO rules, Li said.

He also welcomed Japanese businesses to expand investment in China

as the country will continue to unwaveringly deepen reform and expand opening-up.

China stands ready to move forward with talks with Japan and other rel

ated parties to further the negotiations regarding the Regional Comprehensive Econo

mic Partnership as well as the China-Japan-Republic of Korea Free Trade Agreement, he said.

Li also voiced China’s support for Japan’s hosting of the G20 Summit, which is slated this year

to be held in Osaka, and he hoped it would inject fresh impetus into global economic growth.

Kono expressed his appreciation for efforts made by the Chinese premier in helping return bilateral relations to the right track.

sailingcity.org

As the central government started a new round of subsi

China and the European Union have committed to achieving major progress this year in negotiations for a high-level bilateral in

vestment agreement with a view to concluding the ambitious accord next year, according to a joint statement.

The two sides pledged to widen market access, eliminate discriminatory requireme

nts for foreign investors and establish a balanced investment protection framework, according to a joint statem

ent issued after the China-EU leaders’ meeting held in Brussels, Belgium, on Tuesday.

Premier Li Keqiang, European Council President Donald Tusk and Eur

opean Commission President Jean-Claude Juncker co-chaired the annual meeting and reach

ed consensus on a wide range of issues, including bilateral ties, global challenges and governance.

They committed to building an economic relationship based on openness, nondiscrim

ination and fair competition, ensuring a level playing field, transparency and mutual benefit, the statement added.

Two-way trade between the EU and China reached more than $682 billion last year. The E

U is China’s biggest trading partner, and China is the EU’s second-largest trading partner.

khlee.com.cn

But by allowing Tsai Ing-wen, the island’s “pro-independe

ence” leader, to stop over in Hawaii on her way back to the island after an eight-day tour of thr

ee Pacific island nations this week, Washington is breaching all established protocols and violating the 1979

Joint Communiqué. Beijing lodged “stern representations” with Washington on Thursday against Tsai’s transit in Hawaii.

“We have consistently and resolutely opposed the United States or other countries which

have diplomatic relations with China arranging this kind of transit,” Foreign Ministry spokesman Ge

ng Shuang said in Beijing. Beijing has urged Washington not to send “Taiwan independence forces any wrong signal”, Geng said.

The method behind fluctuating policy of US

When the US intends to maintain good relations with the mainland, it significantly reduces the

use of or even refrains from mentioning the Taiwan Relations Act. But when Washington wants to put pressure on Beijing to fina

lize a deal or sign a trade agreement in its favor, it promptly resorts to using the Act. At times, even the island’s a

uthorities stir up trouble, prompting the US to use the Act to try and browbeat or incite the mainland.

www.gzbbas.com

The situation in Beira, a low-lying port city on the Indian

  Ocean, was described by the International Federation of Red Cross and Red Cre

scent Societies (IFRC) as “terrible” following an aerial assessment conducted by the agency Monday.

  IFRC spokesman Jamie LeSueur said that up to 90% of the ar

ea had been destroyed. “The scale of devastation is enormous,” said LeSueur.

  On Sunday, a dam burst cutting off the last road to the city, which aid workers are now struggling to reach.

  A former Portuguese colony, Mozambiq

ue gained independence in 1975 and suffered a 16-year civil war that ended in 1992. Today, despite recent eco

nomic growth, about half the population remains below the poverty line.

  Cylone Idai has caused destruction on such a large scale because of that poverty and lack of infrastructure.

shlfcl.com

Patients and their families are doubly affected by plum

  meting purchasing power across the country. It’s a situation, Emami says, that has made a lot of treatable cases lethal.

  ”I have a patient upstairs … I diagnosed him with brain cancer. The cost of biopsy, the chemotherapy and medication is

very high. So, the family asked me if I could leave him be,” says Emami. “Every day, we see this story here.”

  Even when families can afford medical equipment they often join long waiting lists. Cardia

c pacemakers are in short supply in the country, and patients must abandon their regular lifestyles, an

d become admitted to hospitals where they are hooked up to a cardiac machine.

  Emami tells CNN that some families are opting out of paying for feed

ing tubes for relatives with advanced Alzheimer’s disease. Without the feeding tubes, the pat

ients spend the rest of their days wired to machines in hospitals, instead of receiving home care.

www.qianpadbe.com

Talks can produce fresh progress toward a dea ina Daily editorial

It is encouraging that after the deputy-level meetings on Monday and Tuesday

to work out the technical details for an agr

eement — including a mechanism for enforcing any deal — the face-to-face discussions being conducted between d

ecision-makers from both countries are being held amid a general air of optimism.

The negotiations are being led by Chinese Vice-Premier Liu He and US Trade Representative Robert Lighthizer and US Treasury Secr

etary Steven Mnuchin, whose cordial discussions in Washington on Jan 30 and 31 raised hopes that the two s

ides are genuinely doing their utmost to reach an agreement ahead of the March 1 deadline when US tariffs on $

200 billion worth of imports from China are set to rise to 25 percent from 10 percent.

But there are still obstacles to be overcome, and no one should underestimate how daunting a task the two s

ides face trying to resolve all the differences that have long existed between them in one clean sweep.

ax148.cn

The collective goodwill of film and video game stocks “

n the red-hot atmosphere of the Spring Festival, the performance of film and video game companie

s in 2018 is all green. The performance forecast of A shares is more amazing than that of one. No o

ne expected that the biggest thunder so far came from a game company: Tian Shen Entertainment. On the evening of Ja

nuary 30, Tianshen Entertainment (002354, SZ), with a market value of only 4 billion yuan, announced that its per

formance in 2018 had changed its face. Its net profit is estimated to be between 7.3 billion yuan and 7.8 billion yua

n, and its preparation for impairment of goodwill alone will reach 4.9 billion yuan.

The mergers and acquisitions of video game companies are often light assets, and in the growth period, high goodwill has

become a common problem in the industry. According to the incomplete statistics of Choice data, Daily Economic N

ews reporter found that 16 A-share game listed companies, such as Tianshen Entertainment and Youjiu Game, had the

ir performance loss. More than 10 companies mentioned the impact of goodwill impairment, while 10 of them m

entioned the impact of goodwill impairment, and 7 of them mentioned the impact of goodwill impairment.

A securities dealer told reporters anonymously that after this round of ex

plosions, some companies are likely to become empty shells. At the close of Jan

uary 31, Tianshen Entertainment, Youjiu Game and Tianrun Number Entertainment all dropped to a halt.

gdpyhr.cn

I have poems; I can read

Li Bai
THOUGHTS OF OLD TIME FROM A NIGHT-MOORING
UNDER MOUNT NIU-ZHU
This night to the west of the river-brim
There is not one cloud in the whole blue sky,
As I watch from my deck the autumn moon,
Vainly remembering old General Xie….
I have poems; I can read;
He heard others, but not mine.
…Tomorrow I shall hoist my sail,
With fallen maple-leaves behind me.


Du Fu
ON A MOONLIGHT NIGHT
Far off in Fuzhou she is watching the moonlight,
Watching it alone from the window of her chamber-
For our boy and girl, poor little babes,
Are too young to know where the Capital is.
Her cloudy hair is sweet with mist,
Her jade-white shoulder is cold in the moon.
…When shall we lie again, with no more tears,
Watching this bright light on our screen?


Du Fu
A SPRING VIEW
Though a country be sundered, hills and rivers endure;
And spring comes green again to trees and grasses
Where petals have been shed like tears
And lonely birds have sung their grief.
…After the war-fires of three months,
One message from home is worth a ton of gold.
…I stroke my white hair. It has grown too thin
To hold the hairpins any more.


Du Fu
A NIGHT-VIGIL IN THE LEFT COURT OF THE PALACE
Flowers are shadowed, the palace darkens,
Birds twitter by for a place to perch;
Heaven’s ten thousand windows are twinkling,
And nine cloud-terraces are gleaming in the moonlight.
…While I wait for the golden lock to turn,
I hear jade pendants tinkling in the wind….
I have a petition to present in the morning,
All night I ask what time it is.


Du Fu
TAKING LEAVE OF FRIENDS ON MY WAY TO HUAZHOU
In the second year of Zhide, I escaped from the capital through the Gate of Golden Light and went to Fengxiang. In the first year of Qianyuan, I was appointed as official to Huazhou from my former post of Censor. Friends and relatives gathered and saw me leave by the same gate. And I wrote this poem.
This is the road by which I fled,
When the rebels had reached the west end of the city;
And terror, ever since, has clutched at my vitals
Lest some of my soul should never return.
…The court has come back now, filling the capital;
But the Emperor sends me away again.
Useless and old, I rein in my horse
For one last look at the thousand gates.

I hear people at the fishing-town stumble aboard the ferry

 

Li Qi

ON HEARING AN WANSHAN PLAY THE REED-PIPE

Bamboo from the southern hills was used to make this pipe.

And its music, that was introduced from Persia first of all,

Has taken on new magic through later use in China.

And now the Tartar from Liangzhou, blowing it for me,

Drawing a sigh from whosoever hears it,

Is bringing to a wanderer’s eyes homesick tears….

Many like to listen; but few understand.

To and fro at will there’s a long wind flying,

Dry mulberry-trees, old cypresses, trembling in its chill.

There are nine baby phoenixes, outcrying one another;

A dragon and a tiger spring up at the same moment;

Then in a hundred waterfalls ten thousand songs of autumn

Are suddenly changing to The Yuyang Lament;

And when yellow clouds grow thin and the white sun darkens,

They are changing still again to Spring in the Willow Trees.

Like Imperial Garden flowers, brightening the eye with beauty,

Are the high-hall candles we have lighted this cold night,

And with every cup of wine goes another round of music.


Meng Haoran

RETURNING AT NIGHT TO LUMEN MOUNTAIN

 

A bell in the mountain-temple sounds the coming of night.

I hear people at the fishing-town stumble aboard the ferry,

While others follow the sand-bank to their homes along the river.

…I also take a boat and am bound for Lumen Mountain —

And soon the Lumen moonlight is piercing misty trees.

I have come, before I know it, upon an ancient hermitage,

The thatch door, the piney path, the solitude, the quiet,

Where a hermit lives and moves, never needing a companion.


Li Bai

A SONG OF LU MOUNTAIN TO CENSOR LU XUZHOU

I am the madman of the Chu country

Who sang a mad song disputing Confucius.

…Holding in my hand a staff of green jade,

I have crossed, since morning at the Yellow Crane Terrace,

All five Holy Mountains, without a thought of distance,

According to the one constant habit of my life.

Lu Mountain stands beside the Southern Dipper

In clouds reaching silken like a nine-panelled screen,

With its shadows in a crystal lake deepening the green water.

The Golden Gate opens into two mountain-ranges.

A silver stream is hanging down to three stone bridges

Within sight of the mighty Tripod Falls.

Ledges of cliff and winding trails lead to blue sky

And a flush of cloud in the morning sun,

Whence no flight of birds could be blown into Wu.

…I climb to the top. I survey the whole world.

I see the long river that runs beyond return,

Yellow clouds that winds have driven hundreds of miles

And a snow-peak whitely circled by the swirl of a ninefold stream.

And so I am singing a song of Lu Mountain,

A song that is born of the breath of Lu Mountain.

…Where the Stone Mirror makes the heart’s purity purer

And green moss has buried the footsteps of Xie,

I have eaten the immortal pellet and, rid of the world’s troubles,

Before the lute’s third playing have achieved my element.

Far away I watch the angels riding coloured clouds

Toward heaven’s Jade City, with hibiscus in their hands.

And so, when I have traversed the nine sections of the world,

I will follow Saint Luao up the Great Purit