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.

www.12xe6.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.

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Area encompasses Hong Kong and Macao, as well

Stock markets in China edged up on Tuesday as market sentiment was partly boosted by the news about the upcoming Bay Area blueprint.

The benchmark Shanghai Composite Index rose 0.68 percent to close at 2,671.89

points, while the Shenzhen Component Index closed 1.15 percent higher at 8,010.07 points.

Gains were seen across Greater Bay Area-related sectors.

Kaisa Group, which owns lots of land in the bay area, surged 3.5 percent, while Shen

zhen International Holdings and Shenzhen Invest both notched healthy increases.

5G-related stocks were also up as China Tower closed 2.4 percent higher while Yangtze Optical Fibre and Cable climbed 3.5 percent.

www.ixhhw.cn

Holiday week spending over 1 trillion yuannd day of the Chin

Chinese consumers opened their wallet during Spring Festival, not only on things like digital home appliances and importe

d fresh food but also on experiences such as travel and entertainment, government figures showed.

Shopping, dining out, travel and entertainment accounted for most of the consumer spending during the week-long hol

iday. Analysts and officials said the strong domestic demand will inject further growth momentum into the eco

nomy in 2019 as the government unveils more policies to spur consumption.

Spending on retail and food services during the Spring Festival period, from Feb 4 to Sunday this year, exceeded 1 trilli

on yuan ($147.41 billion) for the first time, up 8.5 percent year-on-year, according to the Ministry of Commerce.

The ministry said a key term for Lunar New Year holiday spending was “seeking higher quality” as the government’s em

phasis on upgrading consumption continues. Emerging areas for spending such as the internet, customized pr

oducts, experiences, digital products and services were growth areas during the holiday.

qe86w.cn

China, US to hold high-level economic, trade consultati

  US President Donald Trump (R) listens to Chinese Vice-Premier Liu He (L) during a

eeting to discuss trade issues in the Oval Office of the White House in in Washington, Jan 31, 2019. Photo/IC

  BEIJING – Chinese Vice Premier Liu He will hold a new round of high-level China-US economic

  and trade consultation with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing from Feb 14 to 15.

  US Trade Representative Robert Lighthizer (2ndR) speaks across from Vice-Premier Liu He (L) during the opening of US-China Trade Talks

  in the Eisenhower Executive Office Building at the White House in Washington, US, Jan 30, 2019. PhotoAgencies

  ding on the recent consultation in Washington, the two sides will have further discussion on issues of common concern.

  The US delegation will arrive in Beijing on Feb 11.

www.blghuafenchi.cn

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.

www.yuyingleyou.com.cn

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.

www.suiyincoin.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

pared with the previous years’ red envelop activities, this year

rants in addition to Alipay and WeChat Pay, the top two online transfer and payment tools in China in terms of market share.

Baidu, Sina Weibo and Douyin have joined the league of sending digital red envelops. Ba

idu allocated digital red envelops worth 900 million yuan ($133.5 million) and realized 20.8 billion tran

sactions on its app during the CCTV Spring Festival Gala in the lead-up to the Year of the Pig.

Last year, Alibaba-backed Taobao.com tied up with the CCTV Spring Festival Gala, sending a total of 600 million yuan in digital red envelops and prizes.

“Supporting the huge amount of transactions is China’s mature digital payment standard,” said Wang Pengbo, a finance industry analyst at Analysys.

Wang told the Global Times on Tuesday that as the cost of attracting new online users has ri

sen, internet firms are seizing the opportunity to direct  the flow and promote their products through the New Year gala.

http://xiaovfuli.cn/

refugee commission evacuates over 4,000 refugee

The United Nations Higher Commission for Refugees (UNHCR) on Sunday said it evacuated

more than 4,000 refugees from Libya from 2018 to the end of January 2019.

The commission said it resettled or evacuated 4,080 refugees from Libya and provide

d 34,505 medical consultations during last year up until the end of last month.

It also said that 6,219 families have received cash assistance, and 1,311 shelter kits have been distributed to internally displaced Libyans.

UNHCR confirmed that 56,643 refugees and asylum seekers have been registered in Libya so far.

Libya has become a preferred departure point for illegal immigrants hoping to cr

oss the Mediterranean Sea into Europe because of insecurity and chaos in the No

rth African country following the 2011 uprising that toppled former leader Muammar Gaddafi.

Shelters in Libya are crowded with thousands of illegal immigrants rescued at sea or arrested by the Libyan security services.

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