The legacy plan for the Olympic and Paralympic Win

ter Games was unveiled in February. Plans aim to optimize the

venues’ designs and operations to be beneficial to the hosting regions after 2022.

“Here, you have the venues from 2008 that are going to be used in 2022 for a complete set of winter sports. This is a wonde

rful legacy story,” said Juan Antonio Samaranch, vice-president of the International Olympic Committee.

Powering all the 2022 venues using green energy while minimizing environmental impacts, while

planning for their post-Games operations, are key in venue preparation this year, Liu said.

To support the preparations financially, Beijing 2022 has signed nine domestic market

ing partners and four second-tier sponsors, while the Games’ licensing program, whic

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Firefighter and ambulances have arrived at the scene for

It was reported that the fire could be caused by lightening strike.

Moscow’s transport prosecution office is investigating into the incident and it will check i

f there were violations of the flight safety legislation, according to Sputnik news agency.

Sarah Daley, a student at the University of Virginia, has deep connectio

ns with China. She spent the summer of 2018 teach

ing English in Hebei province and has a younger sister who was adopted from China in 2009. Both experiences left

her with positive impressions of Chinese people and long-lasting friendships.

Those connections led to Daley being honored by the Chinese embassy

in the United States during an award ceremony in Washington on Saturday, after she sha

red her stories with the world through an event hosted by the embassy and China Daily.

ovldix.cn

Noting that China has the world’s biggest middle-incom

income population, Xi said that China would open up its market continuously and welcome quality products from around the world.

China does not pursue a trade surplus intentionally, and it would like to import more com

petitive farm products, finished products and services to promote the balance of trade, Xi said.

China will promote greater openness in modern services, manufacturin

g and agriculture, allow foreign capital to hold the controlling share in more areas and buil

d some new free trade pilot zones to further ease market access for foreign capital, he said.

China will speed up making relevant rules and regulat

ions and ensure the implementation of the Foreign Investment Law, Xi said, adding that the cou

ntry will push forward supply-side structural reform through fair competition and international cooperation.

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Growth resilience may surprise on the upside in more

 aspects,” he said, adding that besides a growth rate withi

n a reasonable range, the economy is likely to register accelerated prog

ress toward higher-quality development this year amid a new round of reform and opening-up.

“Structural opportunities (in the capital market) may con

tinuously emerge from the development of the new economy and mass co

nsumption upgrades, fueling the long-term inflow of international capital,” he said.

IMF Managing Director Christine Lagarde sai

in a recent interview with China Central Television that China’s economic d

evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.

“And China’s development is clearly at the stage whe

re it can afford and should afford to do that,” Lagarde said.

Over the past year, amid the escalation of US-China trade tensions, credit tighten

ing took place in China, macroeconomic stress was seen in Argentina a

yuanzjj.cn

But one of the first things taught to economics gradu

 students, even back in my day, is to be wary of the perils of data mining. And the middle-income tra

p is a classic example of the pitfalls of endless number crunching. Give me a database and a po

werful computer, and I can “validate” almost any economic relationship masquerading as an analytical co

njecture. There are five key reasons to dismiss the widespread diagnosis that China is ensnared in the middle-income trap.

First, a middle-income trap may not even exist. That is the conclusion of a rigorous empirical stud

y by Lant Pritchett and Lawrence Summers that covers a broad cross section of 125 economies from 1950 to 20

10. The best they could come up with is a strong tendency for growth discontinuities and mean reversion. At the recent China Development Forum in Be

ijing, Summers went further in assessing likely outcomes in rapidly growing developing economies, dubbing any

mean-reverting slowdown as merely a tendency to close a “post-miracle gap”. Needless to say, the statistical regularity of s

uch periodic growth gaps is very different from the permanent quagmire of a growth trap.

qw46q.cn

ao poses with a dog at her brick-and-mortar store in Chen

Zeng Niaoniao, a qipao designer in the post-95s generation, started her business when she was a sophomore in 2015, and now runs stores both online and off.

Last year, the turnover from her online store reached 12 million yuan ($1.78 million)

The 24-year-old designer has a track record on improving qipao, displaying her work at the 2018 Shan

g Fashion Week and attracting Chinese pop idol Yang Chaoyue to wear her design for an advertising photoshoot.

Zeng said her wish was to see people wearing her designs to stroll around town, and sh

e wanted to bring more improveqipao with new designs to young Chinese girls.

May’s offer to quit fails to break Britain’s Brexit stalemate

LONDON – British Prime Minister Theresa May failed to sway hardline opponents of her European Union divorce de

al on Wednesday with an offer to quit, but parliament’s bid to agree an alternative fell short, leaving the Brexit process as deadlocked as ever.

May told her Conservative lawmakers she would step down if her Brexit deal was finally passe

d by parliament at the third attempt, in a last-ditch bid to win over many of her party’s eurosceptic rebels.

ezgpui191.cn

ending by banks surges in Januaryasures fend off nega

hina’s credit growth surged unexpectedly to a record pace in January, strengthening production in the real econo

my and easing overall downward pressure, People’s Bank of China, the country’s central bank, said on Friday.

Bank lending in domestic currency increased by 3.23 trillion yuan ($476.8 billion) last month, the fastest single-month growth

since the figure was first tracked in 1992. It increased by 2.9 trillion yuan in January 2018, the bank said.

Total social financing, a broader measure comprising all money the real economy receives from the fi

nancial sector, including off-balance-sheet financing activities, rose by 4.64 trillion yuan in Ja

nuary, which was also the fastest monthly growth ever, according to the central bank.

The month’s rapid credit growth was a result of a series of precauti

onary measures to ease the negative effects of slowing domestic demand and external h

eadwinds, according to Sun Guofeng, head of the bank’s monetary policy department, at a news conference.

www.shlfcl.com

Americans to spend $14.8 bln on Super Bowlllars as they watch

Americans are expected to spend 14.8 billion US dollars as they watch the New England Pa

triots take on the Los Angeles Rams in the Super Bowl on Sunday, a survey showed.

According to the latest annual survey released by the National Retail Federation and

Prosper Insights & Analytics, about 182.5 million American adults plan to watch this year’s National Footb

all League (NFL) championship game, and each of them is expected to spend 81.3 dollars on average.

The biggest spenders will be those who are between 35 and 44 years old, as they are willing to spend an average of 123.26 dollars, the survey showed.

Viewers in the northeastern part of the country plan to spend the most, at an avera

ge 94.89 dollars, followed by the western part at 84.01 dollars, said the survey.

According to the survey, about 61 million people who plan to watch the game will attend a par

ty, 44 million people will throw a party while 13 million people will watch it in a bar or restaurant.

www.hheeh.cn

I hear people at the fishing-town stumble aboard the ferry

 

Li Qi

ON HEARING AN WANSHAN PLAY THE REED-PIPE

Bamboo from the southern hills was used to make this pipe.

And its music, that was introduced from Persia first of all,

Has taken on new magic through later use in China.

And now the Tartar from Liangzhou, blowing it for me,

Drawing a sigh from whosoever hears it,

Is bringing to a wanderer’s eyes homesick tears….

Many like to listen; but few understand.

To and fro at will there’s a long wind flying,

Dry mulberry-trees, old cypresses, trembling in its chill.

There are nine baby phoenixes, outcrying one another;

A dragon and a tiger spring up at the same moment;

Then in a hundred waterfalls ten thousand songs of autumn

Are suddenly changing to The Yuyang Lament;

And when yellow clouds grow thin and the white sun darkens,

They are changing still again to Spring in the Willow Trees.

Like Imperial Garden flowers, brightening the eye with beauty,

Are the high-hall candles we have lighted this cold night,

And with every cup of wine goes another round of music.


Meng Haoran

RETURNING AT NIGHT TO LUMEN MOUNTAIN

 

A bell in the mountain-temple sounds the coming of night.

I hear people at the fishing-town stumble aboard the ferry,

While others follow the sand-bank to their homes along the river.

…I also take a boat and am bound for Lumen Mountain —

And soon the Lumen moonlight is piercing misty trees.

I have come, before I know it, upon an ancient hermitage,

The thatch door, the piney path, the solitude, the quiet,

Where a hermit lives and moves, never needing a companion.


Li Bai

A SONG OF LU MOUNTAIN TO CENSOR LU XUZHOU

I am the madman of the Chu country

Who sang a mad song disputing Confucius.

…Holding in my hand a staff of green jade,

I have crossed, since morning at the Yellow Crane Terrace,

All five Holy Mountains, without a thought of distance,

According to the one constant habit of my life.

Lu Mountain stands beside the Southern Dipper

In clouds reaching silken like a nine-panelled screen,

With its shadows in a crystal lake deepening the green water.

The Golden Gate opens into two mountain-ranges.

A silver stream is hanging down to three stone bridges

Within sight of the mighty Tripod Falls.

Ledges of cliff and winding trails lead to blue sky

And a flush of cloud in the morning sun,

Whence no flight of birds could be blown into Wu.

…I climb to the top. I survey the whole world.

I see the long river that runs beyond return,

Yellow clouds that winds have driven hundreds of miles

And a snow-peak whitely circled by the swirl of a ninefold stream.

And so I am singing a song of Lu Mountain,

A song that is born of the breath of Lu Mountain.

…Where the Stone Mirror makes the heart’s purity purer

And green moss has buried the footsteps of Xie,

I have eaten the immortal pellet and, rid of the world’s troubles,

Before the lute’s third playing have achieved my element.

Far away I watch the angels riding coloured clouds

Toward heaven’s Jade City, with hibiscus in their hands.

And so, when I have traversed the nine sections of the world,

I will follow Saint Luao up the Great Purit