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China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

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said that “all military units deployed in the eigh

The People’s Bank of China (PBOC), the central bank, has upgra

ded the fifth edition of the renminbi (RMB), the Chin

ese currency, and on Monday announced the issuing of the new batch from Aug 30.

The new issuance will include notes with a face value of 50 y

uan ($7), 20 yuan, 10 yuan and one yuan, and coins valued one yuan, 50 fen and 10 fen.

Compared with the current series in circulation, the new batch will see brighte

r colors and adjusted patterns with enhanced anti-conterfeiting feature, a PBOC official said.

The five-yuan note will not be in the upcoming issuance as new technologies on the note are still under testing. The 100-y

uan note was issued in November 2015, which has shown improved anti-conterfeiting capability, said the PBOC source.

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The first draft also improved rules on developing a m

ulti-layer capital market system, strengthening investor p

rotection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to

improve regulation on such areas as stock trading, acquisitions of listed firms, information disclos

ure and investor protection. The second draft also demanded the State Council to gradually advance the IPO syst

em reform in accordance with authorization granted by the top legislature.

Note: The following article is taken from the Chinese-language “Commentaries on International Affairs”.

On Thursday, the World Trade Organization (WTO) release

d a panel report on the case the United States lodged in December 2016 against China for its

use of tariff-rate quotas for wheat, rice, and corn. The WTO panel ruled that China’s administration of tariff-rate quo

tas violated its commitment to administer them transparently, while rejecting

the appeal by the American side which demanded that China release the information on tariff-rate quotas.

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Zheng Nanning, a researcher at the Chinese Academ

 of Engineering and head of the innovation research academy of intelligent robotics at Xi’an Jiaotong Univer

sity, said the university began considering an undergraduate AI major in 2016, and it has since established an experi

mental undergraduate AI class in 2018 with 55 students taught by the country’s leading AI experts.

The university established the academy in October 2017 and an AI school in Janua

ry. The academy has 26 master’s candidates and eight doctoral candidates, Zheng said.

“Universities should aim for major breakthroughs in basic res

earch and core technology. We are still striving to achieve

revolutionary and disruptive changes in AI theories, methods, tools and systems,” he added.

The ministry issued an action plan in 2018 to promote AI educa

tion in universities. According to the plan, universities in China will improve AI discip

line and make breakthroughs in basic theories and key technology research by 2020.

Chinese universities will become core forces for building major global AI innovation centers by 2030.

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The UK now faces a deadline of April 12 to present the EU

  with a new plan, or crash out of the bloc without an agreement.

  But May’s government is considering a fourth vote on her deal, bolstered by their suc

cess in narrowing margin of defeat to 58 votes on Friday from 230 votes in January.

  The EU has given Britain until April 12 — two weeks away — to decide

whether it wants to ask for another postponement to Brexit. The bloc has called an eme

rgency Brexit summit for April 10 to deal with a British request, or prepare for a no-deal Brexit.

  Without a delay, Britain will leave the bloc at 11 pm U.K. time (6 pm EDT) on April 12 without a divor

ce agreement to smooth the way. Most politicians, economists and business groups think such a no-deal scenario would be disa

strous, erecting customs checks, tariffs and other barriers between Britain and its biggest trading partner.

  Parliament has voted repeatedly to rule out a no-deal Brexit — but it remains the def

ault position unless a deal is approved, Brexit is canceled or the EU grants Britain another

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She would also become the fourth Conservative prime min

ister in a row to have fallen foul of divisions over Europe within her centuries-old party, following David Cameron, John Major and Margaret Thatcher.

Most voters think the Brexit negotiation has been handled badly and there may now be a slight majority for staying in the EU, rec

ent polls suggest. Many Conservative MPs say May herself has caused the chaos by not negotiating harder with the EU.

“It was inevitable and I just feel she’s made the right decision. She has actually read the m

ood of the party, which was a surprise,” said Conservative lawmaker Pauline Latham.

Over two decades since her debut appearance at Wimbledon, Chinese legend Li

Na still remembers her awkward introduction to the iconic London tournament.

Li first competed there in the girls’ singles in 1998, and was tripped up by the switch f

rom hard courts to grass, not to mention the All England Club’s famous sartorial etiquette.

“I had no clue at all on how to play on grass,” Li recalled at Tuesday’s The Road to Wimbledon junior training camp in Beijing.

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Complaining about Democratic investigations, the President

  made a jarring comment that hinted at the possibility of political violence.

  ”I can tell you I have the support of the police, the support of the milita

ry, the support of the Bikers for Trump — I have the tough people, but they don’t play it to

ugh — until they go to a certain point, and then it would be very bad, very bad,” Trump told the conservative website.

  Trump’s incessant appeals for his base are undeniably effective.

  One Republican, Sen. Thom Tillis, of North Carolina, made an 11th hour switch of hi

s vote on the declaration of national emergency, falling into line behind the President.

  A top GOP official in North Carolina told CNN’s Jim Acosta that Tillis was under fierce pressure ahead of a potential primary challenge next year.

  The official said, Tillis is “getting hit hard in the state.”

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This generation has grown up in an era when China

has made tremendous economic achievements, and they have enjoyed affluent material conditions since childho

od. So they set higher standards for life and ask for better quality and unique experiences,” Tang said.

“Compared with the older generation, they are more willing to pay for conveni

ence, entertainment, mental stimulation, companionship and education that will benefit their future careers.”

George Ren, a senior partner with global consultancy Roland Berger, said many companies have star

ted to respond to this demographic shift in recent years, as they have seen great potential in the singles’ economy.

“They have made products of smaller size, in smaller packages or with more divided functions. They have also deve

loped unique and personalized services to cater to the diversified demands from single people,” he said.

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As Soviet influence increased during the Cold War era, the

  shrinking global footprint of its European allies made the Unite

d States and its allied partners worried that the West was “losing control of the world,” exp

lains David Vine, author of “Island of Shame,” which documents the fate of the Chagos archipelago.

  It was perhaps no coincidence that during this period America beg

an what experts say was a concerted attempt to create a network of bases and facilities that

offered military protection without the burden of ruling a colonial population.

  ”If you look at all the land globally occupied by the US, it’s not very much land mass, sm

aller than the state of Connecticut,” says Immerwahr, author of “How To Hide An Empire.”

  ”But, nevertheless, there are hundreds of points in foreign

countries that the US controls and which are really important in protecting its power today.”

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Emphasis is placed on promoting investment by openin

up more sectors for equity investment, improving IPR regime, encouraging innovation and technological development.

Major reforms have been announced to boost market and investors’ confidence. The policy measu

res and programs announced today are considered as key drivers for continued economic growth of Ch

ina. China’s economic development is vitally important for the healthy development of world economy and for Nep

al it is more so as the economies of Nepal and China get increasingly inter-connected.

Moreover, China’s economic policies are more and more relevant for Nepal as we pursue our path of economic develop

ment in a faster pace by further strengthening economic ties with China. We are seeking expanded cooperation in inve

stment, connectivity (more specifically cross-border transport infrastructures including railways), to

urism, technology transfer, industrial development, agricultural development and development of digital technology, an

d we foresee greater investments, tourism and trade between Nepal and China in the year ahead.

Therefore, China’s continued growth, and stable socio-economic

development have paramount importance for Nepal. I wish a complete success in their end

eavor of developing China a moderately prosperous society in all respect by 2021.

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