apanese companies tend to invest for the long term

  a very low tolerance for risk, according to Takeshita.

  ”The current situation in Britain is just that — uncertainty,” he said. “Many are backing off.”

  He predicted more Japanese firms will retreat as Brexit unfolds.

  Toyota (TM) warned in December that a British exit from the Euro

pean Union without a deal in place would put at risk vehicle production worth millions of d

ollars a day, but it stopped short of saying it would cut its investment.A senior executive at Nomura (NMR) in N

ovember described Brexit as “a great concern” that will increase costs and risks for financial firms. Nomura has alr

eady started moving dozens of jobs from London to Frankfurt and hiring new staff on the European mainland.

  It’s not just about Brexit

  There are others reasons why Japanese companies are dialing back their commitments to the United Kingdom.

  Advances in technology mean carmakers can now automate more of their supply ch

ains. That has made it cheaper to operate factories in Japan, where labor costs are typically high.

aishedesb.com

The statement made no reference to Britain’s decision to

leave the European Union, and Honda CEO Takahiro Hachigo said in Tokyo that the decision was not rel

ated to Brexit.
But uncertainty concerning Britain’s future trading relationship with its bigg

est export market is one of the big clouds hanging over the car industry.
Brexit backdrop

Christian Stadler, an autos expert and professor of strategic management at Warw

ick Business School, said that Brexit “must have been a factor” in Honda’s decision.

“Companies from Japan and other countries were attracted to Britain because it gave them easier entry to the luc

rative European market, through an English speaking country. At the moment, there is no deal in place to co

ntinue that after Brexit,” he said.
“The United Kingdom will not be able to strike better trade deals than it currently has

before it leaves the European Union, so it starts to look like a less attractive place to build cars,” said Stadler.

www.ashsndt.com

Harvesting mallows rings a bell. It reminds me of the good

old days when my family and I lived in a village. It is a traditional food to eat but it has some special memories to me when I was a child,” he said.

In Salahudin Province in northeastern Iraq, on the road leading to Tikrit, the provincial capital

near Kirkuk, there were several families harvesting mallows. Some were planning to sell the harvest.

Some of the elderly, suffering from chronic disease, such as diabete

s and blood pressure, seek mallows as the best food for their medical cases.

Dawood Ghanem, 55, a farmer, said mallows this year flourished in Iraq, thanks to the heavy rains and marvelous weather.

“People living in the cities, especially the poor ones, come to the villages and harvest mallows for food,” he said.

Eissa Kamel Abu Abbas, a grocer in Baquba market, said many families collect mallows to sell.

“We resell them at 750 dinars (63 cents) per kilogram.”

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The Chinese economy is in transition, but China’s financial

system hasn’t turned around yet. This is why private enterprises are facing difficulty in financing recently.

Small- and medium-sized enterprises have been squeezed out of the formal financing market, pushing up interest rates on informal financing.

Interest rate liberalization is crucial for the financial system to support the private eco

nomy, which will increase interest rates on formal financing and lower rates on informal financing.

It is necessary to regulate the informal financial sector, but not eliminate it. Shadow b

anking and fintech sectors do pose certain risks, but they are the meaningful products of financial liberalization.

Wang Yiming, deputy director of the Development Research Center of the State Council

We are still a developing country, with capital stock and per capita stock much lower than

in developed countries. So there is nothing wrong with stabilizing investment, which should be not seen as a sin.

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Li Rui’s controversial life reflects diversity of opinion

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.

www.shj419.com

Investment can create ‘virtuous circle’ for CPECtan-based Is

After a suicide attack claimed by the Pakistan-based Islamist militant group Jaish-e-Mohammad (JeM) ki

lled at least 40 Indian paramilitary troopers in the Pulwama district, India has said it will en

sure the isolation of Pakistan in the international community and withdraw the Most Favored Nation status given to Pakistan.

China firmly opposes and strongly condemns all forms of terrorism. The country, also a victim of terrorism, is exp

ected to do what it can to provide support and assistance to India to enhance anti-terrorism cooperation.

However, if the terror attack leads to political and economic isolation, ordinary Pakistani p

eople will become the scapegoat of JeM. Poverty has more of a role in terrorism than some Indian ex

perts may believe. If foreign aid and investment can help Pakistan eliminate poverty, the growth environment for terrorism will be destroyed.

“China is promising about $3.5 billion to help bolster Pakistan’s dwindling foreign cash reserves” and pay fo

r the country’s socioeconomic development plans, the US-based Voice of America reported last week. Although the Chinese government ha

s not confirmed the news, it is unlikely that China will change its supportive attitude on the China-Pakistan Economic Corridor (CPEC).

www.shg419.com

Leveling the playing fields for domestic and overseas compa

The world has been closely watching the latest round of high-level trade

negotiations between the US and China, which took p

lace in Beijing on Thursday and Friday, for clues as to whether a trade resolution

will be reached before the March 1 deadline.

With the slowdown seen in the economies of both countries and the

world in general, the US and China have a sober under

standing of the importance of reaching a trade deal, which is reflected by the

increasing flexibility shown by both parties. Last week, US Pre

sident Donald Trump even suggested that he could extend the deadline if both

parties are making good progress and are nearing a formal agreement.

As the US and China both have the need to reach a deal, it is generally expected

that both parties will make some compromises to avoid an escalation of tra

de disputes. In this situation, China will most likely significantly increase its

imports from the US in the short term, while at the same time making s

ubstantial changes with regards to issues like market opening and technology transfer.

At present, there is much speculation about what compromises China may

make or which industries the nation will open to more for

eign investment. Last year, against the background of the unprecedented trade war, the National D

evelopment and Reform Commission, China’s top economic planner, published

a new version of the negative list for foreign investment. The negative list, w

hich took effect on July 28, removed foreign ownership limits for special vehicles and new energy vehicle m

anufacturing, with the ownership cap for passenger car manufacturing scheduled

to be lifted by 2022. Moreover, th

e latest list also eased or scrapped foreign investment curbs on sectors like

banking, insurance, ship and aircraft manufacturing, and power grids.

www.shf419.com

Nigerians express disappointment at postponement of g

Nigerians on Saturday expressed disappointment at the electoral body’s postponem

ent of the presidential election few hours to the commencement of voting in the country.

Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), announced the shift

ing of the polls until Feb. 23 at a midnight press conference, saying the scheduled proceeding of the voting was not “feasible.”

“Following a careful review of the implementation of its logistics and operational plan and

the determination to conduct free, fair, and credible elections, the Commission came to the co

nclusion that proceeding with the elections as scheduled is no longer feasible,” Yakubu said.

Likewise, the electoral body postponed gubernatorial elections in the country, earlier slated for March 2, also by one week.

Although Nigerians are used to elections being postponed, the postp

onement of this year’s presidential polls in the country was greeted by criticism.

The governing All Progressives Congress (APC) Presidential Campaign Council said i

t received with great disappointment and disillusionment the announcement of the postponement of the election by the electoral body.

sh419ee.com

sights ranking places six Chinese artificial intelligence

ina is racing to the forefront of the global artificial intelligence sector, with six domestic companies earning their place on a recent list of the top 100 AI startups in the world.

Released by venture capital database CB Insights, the list includes 23 startups headquartered ou

tside the United States, including six each from China, Israel and the United Kingdom.

Chinese companies SenseTime, YITU Technology, 4Paradigm, Face++, Momenta and Horizon Robotics made it onto the list.

CB Insights reported Chinese startups SenseTime and Face++, which focus on facial recognitio

n technologies, are the best-funded companies, followed by California-based tech company Zymergen.

A total of 11 startups on the list are unicorns, startups valued at more than $1 billion, among w

hich five are from China. SenseTime gained the top spot among those 11 with a maximum valuation of $4.5 billion.

With the blossoming of big data, cloud computing and i

nternet technologies, AI has become a new focus of international competition.

www.sh419ff.com

education authorities monitor Zhai Tianlin probeorities in B

Education authorities in Beijing have launched an investigation into actor Zhai Tianlin, who has received high-profile plagiarism allegations.

The Education Work Committee of the CPC Beijing Municipal Committee and Beijing Education Commission have sent an investigative team to the Beijing Film Acad

emy, where Zhai obtained a Ph.D., to look into the case, the university said in a statement on Thursday.

Zhai, 32, is also a postdoctoral candidate at Peking University. He found himself in hot water on social media after a Sina Weibo blogger accused him of plagiarism last week.

The university launched its own investigation on Monday. It has finished prelim

inary evidence collection and notified Zhai about the investigation, the statement said.

The university has zero tolerance for academic misconduct and will look into other matters uncovered by netizens.

Zhai raised a flurry of chatter online in August when he said in a live video appearance he did not know what the China National Knowledge Infrastructure w

as. CNKI is the largest and most widely used online academic library in China for university students writing theses and dissertations.

The post by the Sina Weibo blogger claimed one of Zhai’s papers published in an acade

mic journal was uploaded to CNKI and the similarity score for the 2,783-word article was 40.4 percent.

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