Since October 2018, emerging markets have once again gained favor from international capital.

In this context, the MSCI expansion of A shares and the inclusion of A shares into the FTSE Em

erging Markets Index will likely happen in 2019, with foreign investment attracted by such major international o

pportunities. Latest data showed that in the fourth quarter of 2018, net inflow of direct investment by overseas financial ins

titutions soared to $2.14 billion, marking the highest level since the third quarter of 2015. Thanks to the overseas investment inflow, China’s capital ou

tflow pressure is expected to continue to be eased in 2019, thus reducing the restraint on its monetary policy.

Third, the yuan’s exchange rate continued to return to its normal valuation. In the long

run, the yuan’s rate reflects changes in China’s economic fundamentals, with two-way fluctuations surrounding its eq

uilibrium exchange rate. In the third quarter of 2018, the effective exchange rate of the yuan was greatly lower than the equilibrium rate. I

n the fourth quarter, the yuan’s rate rebounded slightly, indicating the effective exchange rate had started to r

eturn to its equilibrium level. Due to the still existing gap between the effective rate and equilibrium rate, there is room

for the yuan’s rate to return to its valuation, conducive to further buffering of the external exchange rate risk.

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than a month before the event – to prevent illegal fishing and ensure there would be enough to catch at the annual event.

It kicked off in the early morning with hundreds of villagers racing to the lake, spo

rting straw hats and traditional scarves to shield themselves from the blazing sun.

The mood was light-hearted and many opted to grill the morning’s catch by the lake over a smoldering fire.

But for villagers who had attended the event for several years, the day’s haul proved disappointing.

“Before, there were bigger fish,” said Chin Khoung, 50.

“Now the fish are small and there’s less [of them].”

The Southeast Asian country, which boasts the mighty Mekong River and its man

y tributaries, is heavily reliant on fish as a major source of protein for its population.

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ally emerged that his cardinal, Philippe Barbarin, had confronted him about “the

rumors” in 2010 but the priest claimed he had changed.

Four years later Barbarin, who is now archbishop of Lyon in southeastern

France, informed the Vatican about the case but did not tell the police.

The 68-year-old cardinal and five former aides have recently been tried for their part in the cover-up and a verdict is expected on March 7.

The film’s title comes from Barbarin’s exclamation of relief that the abuse was thought to be covered by the statute of limitations.

It tells the story of the scandal while sticking closely to its emotional impact on three vict

ims-turned-activists, who begin to confront their trauma publicly with the support of their families.

Ozon said the reaction from several French bishops and senior clergy who have seen the fil

m had been positive, adding that he hoped it would provoke debate beyond France.

Ozon changed the names of the victims in the film, but not those of Preynat or Barbarin.

He argued that everything in the film had already been reported in the press, and that Preynat had confessed to the abuse of around 80 boys.

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there is a relatively stable world economy. The high-technology sector and e-commerce can be

especially fast-growing given their rapid development in both countries, Li Xin, director of the Ru

ssian Center for Central Asian Studies at the Shanghai Institute of International Studies, told the Global Times on Thursday.

Li added that some traditional industries, such as energy, could witness a decrease in total trade as international fuel prices decline.

The expansion in China-Russia trade in 2018 was largely due to stable international economic growth and a closer

bilateral relationship, rather than a consequence of the China-US trade dispute, Li said.

Both countries have introduced policies encouraging trade cooperation, and these policies have clearly borne fruit, Li said.

However, the US-China trade conflict, which is hitting global confidence, could potentially play hav

oc with the world economy including trade between China and Russia if it escalates further in 2019, according to Li.

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sales reached an all-time high of 9.47 billion yuan ($1.397 billion) and a net profit of 1.10 billion yuan in 2010, according to the company’s financial reports. At this key point, Li-Ning took ai

m at China’s Post-1990 demographic by changing its decade-old slogan “Anything is Possible” to “Make the Change.” Ho

wever, this move didn’t strike the chord the company wanted for its rebranding. Li-Ning lost older customers, but

failed to immediately gain younger customers. In 2012, losses for the company reached 1.97 billion yuan.

Realizing its mistake, the company began reusing the old slogan in 2015, which is also the first year

it became profitable again. According to a report from Chinese magazine New Marketing, since th

en Li-Ning has focused more on digital marketing to make its products closer to street culture.

On February 2, 2018, Li-Ning made its first appearance at New York Fashion Week, grabbing the attention of the audience with clothing in r

eds and yellows, the colors of Chinese National Flag, and big Chinese characters that said “China Li Ning.”

The theme of the show was xing, which means go or walk in Chinese, but also has the additional mean

ing of “we can do it.” Featuring urban and outdoor clothing with strong Chinese elements, the show,

which had numerous celebrities from China and the US in attendance, lifted Li-Ning to new heights.

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Li Rui, former deputy head of the Organization Department of the Communist Party of China (CPC) Central Committee, died i

n Beijing on Saturday. His death grabbed the headlines in many Western media outlets. A report by The New York Times called Li “standard-bea

rer for liberal values in China.” But how to evaluate him divided online public opinion in China.

Li lived for 101 years. His long life span contributed to his influence.

Li’s life was a bumpy ride. He experienced almost all historic events such as the Yan’

an Rectification campaign, and himself became the subject of several political movements.

Li was imprisoned once in Yan’an before the founding of the People’s Republic of China. In the

20 years after 1959, he was either held in confinement or in labor camps. The experiences were even quite unfortunate in that historical context.

Li’s career peaked when he was appointed as the deputy head of the Organization Department of the CPC Central

Committee after the reform and opening-up. His title as the secretary of Chairman Mao Zedong remains controversial.

In general, his positions had not offered him opportunities to exercise an enormous impact on China. His influence was limited until he retired.

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pinnacle. Since the end of the 1980s, he had made his voice heard constantly and had been labeled the “CPC veteran cadre + CPC critic.”

As a representative figure among veteran outspoken officials, he was hailed among Chinese liberals and Western public opin

ion. Among his propositions, the most famous was opposing the construction of the Three Gorges Dam.

Looking back on Li’s life, the prime of his life was embedded in the wave of the Chinese Revolu

tion and the country’s early development; he suffered a lot during that period of time.

In his later years, he participated in the creation of a special type of “veteran cadre + critic.” Stronger opinion was not at al

l unusual in those years, but the label of a retired official helped increase the gravity of Li’s voice and consolidated his stance.

Li’s later years were a success from another perspective as well. He had been enjoying a

generous pension and lavish benefits after retirement until he died in Beijing Hospital.

While benefiting from the privileges the state provided, he was also supported by China’s do

mestic anti-establishment forces and some Western powers. He was one of China’s least lonely old men and veteran cadres.

It should be noted that Li in his later years became a symbol of the diversificat

ion of Chinese society. Considering the meaning of this symbol, different conclusions can be drawn.

Supporters may hold that he had added a voice and more importantly a “scarce voice,” while

opponents would argue that he had become a tool for hostile and unfriendly forces to attack the Chinese system.

Li’s later years demonstrated a special way of boycotting China’s mainstream path. Such a role played by him may reflect various value judgments.

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 pressures, it is actually a need for China’s economic development, at the current stage, to further open up markets. Thus, the c

ountry’s accelerated opening-up is not only the response to the external risks, but also a key step in transforming pressures into new growth momentum.

So far, the openness of China’s manufacturing sector is relatively high, especially compared to the degree of ope

nness in the service industry, with foreign ownership limits and license restrictions set in such sectors like m

edical care, education, express delivery and others. Since the overall manufacturing sector is now basically opening up,

there is a high possibility that China will expand the opening of the service industry in the near future. Specifically, finance, medical care, education

and elderly care are all potential sectors that could see greater market access, as the current Chinese society is also in need of these services.

In other words, China has already got the basic conditions for further opening up of its service industry. With the country’s

per capita GDP exceeding $9,000, the proportion of residents’ basic living consumption has declined, while the co

nsumption demand for information, culture, medical care, education, elderly care, entertainment and other services has increased.

Some observers, however, have been concerned about the impact of increased opening-up on the domestic services industry. It is

undeniable that such an impact is inevitable, but it should be viewed as the pressure to stimulate the innovation and

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China’s economic slowdown is a fact. Some foreign companies are said to be considering a withdrawal from the Chinese market, while others are making the choice to stay.

Nobody can say that all foreign companies can succeed amid the nation’s economic restructuring, but it’s very lik

ely that the ones who remain calm can emerge as winners in the market of more than 1.3 billion consumers.

China’s economic slowdown is making headlines around the world with signs of weakening growth agains

t the background of trade tensions. Several Western media outlets in recent weeks have published articles suggesting Ch

ina’s slowdown has started to weigh on some of the world’s biggest businesses, spreading alarm in the market.

The sales of a number of big companies are reportedly suffering as a result of China’s economic slowd

own. Those reports have led many to believe that those companies are losing confidence ab

out the Chinese economy. Some companies have plans to withdraw from China. However, investors may be misled by those reports. Official figures show t

hat inbound foreign investment in China reached an all-time high in 2018, reflecting overseas investors’ growing confidence in the Chinese market.

China is having a hard time amid its economic restructuring. In fairness, most of the world econo

my is suffering. Still, the Chinese economy has turned in a relatively good performance with GDP growth of more than 6 percent.

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The Sao Paulo State Symphony Orchestra of Brazil, the first South American symphony to t

our China, will hold a concert at the Shanghai Grand Theatre on the night of Valentine’s Day.

The event also marked the first time the symphony’s female conductor Marin Alsop is involved in a performance in China.

Alsop, who is one of the most prominent students of the late US musician Leonard Bernstein, introduced the symphony’s m

usic style as “accessible with folk elements” and highly rhythmic, which is “a hallmark of the Brazilian music”.
The

concert program, she added, is perfect for Valentine’s Day as it “begins with lots of fire and ends with lots of romance”.

The concert opened with Bernstein’s Candide Overture, followed by works from Brazilian composer Heit

or Villa-Lobos and Argentine Alberto Ginastera. The second part featured Sheherazade by Russian artist Nikolai Rimsky-Korsakov.

Following its China premiere in Shanghai, Alsop and the Sao Pa

ulo symphony will go on to play in Jinan of Shandong province, Beijing and Hong Ko

ng, where the company will feature as the opening performance for the Hong Kong Arts Festival on Feb 21.

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