As the West steps up its criticism of Myanmar over the Rohin

Rakhine issues, the country’s relations with the West have deteriorated. China is one of the few powers

Myanmar can rely on. There is vast cooperation potential between the two countries. China and Myanmar can a

dvance industrial cooperation under the framework of the Belt and Road Initiative, the China-ASEAN Free Trade Area, the China-M

yanmar Economic Corridor and the Bangladesh-China-India-Myanmar Economic Corridor. How to unleash M

yanmar’s huge development potential with the help of China should be placed on the NLD government’s planning agenda.

As Myanmar’s largest neighbor, China will continue to play an active role in promoting Myanmar’s nat

ional reconciliation and addressing the Rakhine issue as well as build mechanism for talks. It will assist My

anmar as much as it can. When investing in Myanmar, Chinese ente-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. Res

pecting the spirit of the contract is a basic requirement for modern states and their peoplrprises should pay attention to th

eir social responsibility. They should also address local people’s suspicions and misunderstandings on Chinese-inve

sted projects. We have reasons to believe that the prospect for China-Myanmar cooperation under the Belt and Road framework is promising.

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We condemn and deprecate this tardiness of the electoral

in strongest terms possible,” the party said in a statement by its campaign spokesman.

The statement noted that President Muhammadu Buhari “had cooperated fully with IN

EC by ensuring everything it demanded to conduct free and fair elections were promptly made available to it.

“We do hope that INEC will remain neutral and impartial in this process,” it said.

On its own part, the main opposition People’s Democratic Party (PDP) rejected the

shift in the dates of the general elections and described it as “an act of wickedness.”

In a statement, the party’s chairman Uche Secondus said a foul play was being suspected

and that it sensed the move as a means of thwarting the will of Nigerians in the election.

“The PDP leader warns that the party will not accept anything short of a well-organized electoral process devoid of manipulat

ion, harassment, and intimidation of voters and the opposition, particularly members of the PDP,” the statement said.

Tope Kolade Fasua, the presidential candidate of the Abundant Nigeria Ren

ewal Party (ANRP), said the election postponement will have great implications for everybody.

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In his opinion, the development was beyond ridiculous

More than 84 million Nigerians have been registered to vote in the postponed elections.

Ahead of the elections, enthusiasm had been high among citizens of the most populous African country. The election had also dra

wn the attention of the international community given the position and prospects of Nigeria in the global arena.

Many netizens of the country have continued to express disappointment at the postpo

nement of the elections, each one regarding it as a huge failure on the side of INEC.

Some social media commentators even called on the electoral chief to resign.

One Facebook user Olufunmilayo Odunaike said that i

f at all there was a reason for the postponement, that should have been done a few weeks earlier.

“You don’t want to be me. Woke up, dashed to the bathroom to have my bath, m

ade sandwiches, only to learn elections have been postponed,” Odunaike queried.

Temitope Adeboye, another Facebook user, called for a thorough probe of the postponement.

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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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Vice premier urges bolder, more effective measures imp

Chinese Vice Premier Han Zheng on Friday stressed to take bolder and more

effective measures to implement the proactive fiscal policy.

Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Co

mmittee, made the remarks when presiding over a meeting after an inspection of the Ministry of Finance (MOF).

At the meeting, Han studied major issues, including the launch of another round of tax cu

ts and fighting the “three critical battles” against risks, poverty and pollution.

The MOF should stick to the basic tone of seeking progress while maintaining stability, promote

high-quality development and take coordinated steps to ensure steady growth, advance reform, m

ake structural adjustments, improve living standards and guard against risks, Han stressed.

He said that larger tax cuts will be helpful in improving the co

untry’s income distribution system and the tax structure and better serve China’s current macro policy.

The MOF should relieve the social insurance payment burden of firms, strengthen the manag

ement of the fiscal revenue and expenditure and create a sound policy environment for fair competition, Han said.

Han underlined that measures should be in place to effectively prevent and handle financial risks, reinforce the

monitoring of the local government debt risk and deploy more funds to facilitate winning the battles against poverty and pollution.

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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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llegedly maltreated boy appears before court in Guangdong

teenager rescued from seven years of alleged maltreatment at the hands of his aunt and uncle

has appeared before the court in Pingyuan county, Meizhou city, Guangdong province.

The news came from a statement released by Guangdong High People’s Procuratorate on Friday.

Xiao Ming‘s aunt was suspected to have maltreated him for more than seven years, starting

when he was seven years old, resulting in severe physical and psychological damage, the statement said.

Xiao, born in 2004, lived with his father after his parents divorced in May 2008. After his father

died in a mining accident in October the same year however, Xiao was sent to live with his grandparents.

It was in May 2011 when his uncle (his father’s older brother) an

d aunt forced Xiao to live with them that the alleged maltreatment began.

It is claimed that the family treated him so poorly that he had insuf

ficient food and clothes, and that he dropped out of school to do farm work for his aunt.

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Regulator issues guidelines to make loan renewal easier

he China Banking and Insurance Regulatory Commission Beijing Office announced on Thursday it has issued guidelines for banking institutions on re

newing micro and small business loans to shorten the financing chain and reduce financing costs.

The guidelines aim to cut unnecessary so-called “passageway business” a

nd bridging finance that “bridges” the gap between the time when a company’s m

oney is set to run out and when it can expect to receive an infusion of funds later on, under the premise that banking in

stitutions will meet the requirements on internal control and risk management.

“The loan renewal policy is actually a credit policy to incentivize lending to high-quality enterpri

ses,” said Jiang Ping, a senior official at the China Banking and Insurance Regulatory Commission Beijing Office.

“For companies that have run into temporary operational difficulties but still have enormous potential for development, banks should help them get th

rough the tough times by renewing their loans. However, banks are forbidden from covering or delaying risk ex

posure associated with lending to ‘zombie firms’, which cannot repay loans, in the name of loan renewal,” she said.

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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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Organizations and individuals involved in the abnorma

will be publicized on the CNIPA website and China Intellectual Property News, a Beijing-base

d newspaper, and face other punishments administered by related authorities, according to the draft.

They will also be blacklisted and exposed via a national credibility information sharing system.

Trademarks achieved by this means will be declared void, the draft says.

“The long-awaited regulations draft came as no surprise,” Li said. “Such regulations are necessary, especially amid continuous growth in IP filings in China.”

The number of trademark applications from the country has topped the world for ye

ars, according to statistics from the World Intellectual Property Organization.

Data from the CNIPA show that the inventory of valid domestic trademarks had surpassed 18 million by the end of 2018.

China has improved in IP filings and protection by leaps and bounds, yet insufficien

t enforcement has come under fire and the discordance between quantity and quality has yet to be tackled, Li said.

Growing awareness of the issues and the reconfiguration of IP administrative organs contributed to the rollout of the draft, he added.

“The draft does not merely address the chronic problem of abnormal applica

tions but provides an approach to balancing the quantity and quality, ” he noted. “It is just a start.”

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