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Analysts guessing over central bank’s next move

Debates on whether the central bank needs to further ease monetary policy or not are continuing amo

ng analysts, with their emphasis on guessing the next liquidity injection through reducing banks’ reserved deposits.

Supporters of monetary easing expect that another cut in the re

serve requirement ratio (RRR) may come no later than this week, as a liquidity shorta

ge may occur after commercial banks pay back 366.5 billion yuan ($54.65 billion) to the central bank on Wedn

esday. That amount of interbank lending was conducted previously under the medium-term lending facilities (MLF) scheme.

Opponents, however, contend that the current liquidity is sufficient, and any further ea

sing will fuel inflation risks, especially as Chinese economy has started its upcycle.

The central bank’s monetary policy committee held the first quarter’s regular meeting on Friday.

The members achieved a consensus to continue the counter-cyclical measures and stren

gthen coordination between monetary and fiscal policies. Policy fine-tuning should be at the proper time, to prev

ent risks with the priority of stabilizing growth, according to a statement after the meeting.

renrencanzheng.org

Four public holidays in 2018, namely the Spring Fest

ival, Tomb-sweeping Day, May Day and Dragon Boat Festival, all saw a marked increase in the number of domestic tourists.

During the three-day Tomb-sweeping Day holiday that ende

d on April 7, the number of domestic tourists reached 112 million, a 10.9 increase year-on-year.

Apart from sightseeing, more Chinese tourists now opt to exp

erience the cultural essence of their destinations by visiting local museums.

Over the past three years, visitors to Chinese museums have been growing by about 100 mi

llion each year, Liu Yuzhu, head of the National Cultural Heritage Administration, told reporters earlier this year.

During the week-long Spring Festival Holiday in 2019, more than 40 percent of the 415 milli

on domestic tourists visited museums, a report from the China Tourism Academy showed.

fyace.org

It’s more than just dance: both consider the ball a

 window to Viennese social traditions, classical music, and Austrian culture.

While recommending three must-see Austrian cities for first-time visitors, ambass

ador Stift gave a surprising answer. While well-known cities like capital Vienna with its iconic concert hall, Mus

ikverein, and Salzburg , once home to Mozart, both make the cut, that doesn’t tell the full story.

Brice Péan, who studied at ski resort Innsbruck, showed his know

ledge of China, mentioning Hallstatt, a small Austrian town modeled on a Chi

nese housing development, as an increasingly popular destination for Chinese tourists.

Consider this video a warm-up for tonight’s ball. If you can’t ma

ke it, stay with China Daily’s app and you’ll have a chance to win a guest gift bag.

We’re sending 10 of these gift bags to readers in our next episode. Stay tuned.

yuyingleyou.com.cn

Beijing News also reported that the facility caught fir

 before the explosion. The facility is adjacent to a

natural gas station, the explosion of which caused the tragedy, the report said.

An assessment report on the factory’s environmental protection

facilities drafted in July 2018 by the Jiangsu Provin

cial Academy of Environmental Science showed that Tianjiayi has a warehouse wit

h a floor area of more than 1,000 square meters to store industrial waste, which includes tar and methyl alcohol.

The assessment report said the plant generated on average about 11 metric tons of solid waste and w

aste­water per day, and there has been an accumulation of 4,500 tons of hazardous waste in the factory every

year. While some of the waste materials are transported out for disposal, others are processed within the factory.

A special license is required to dispose of hazardous waste in China. Accor

ding to the Jiangsu’s Department of Ecology and Environment, 460 enterprises in the prov

ince had the necessary licenses as of the end of 2018, but Tianjiayi was not among them.

Official records also show that Tianjiayi had been punished at least twice for violations in waste management.

www.meilita.cn

Wang Xiaoshuai: Auteur’s film shows solicitude towar

the latest film by leading Chinese auteur Wang Xiaoshuai, sets to examine changing times in modern China.

It is a family saga about parenthood, friendship, struggle and forg

iveness. Covering a large stretch of space and time, t

he story moves from the 1980s to the present, and from the North to the South of China.

Known for realism, Wang is no stranger to prominent international film festivals. This time,

his work scooped two Berlin Film Festival awards – Silver Bear for Best Actress and Best Actor.

On the occasion of So Long, My Son screening in Chinese cinemas, China Daily sp

oke with him about the film’s production, his life and his view on Chinese auteur film.

www.xxxcj.cn

Four-day May Day holiday offers best of both the worlds

Editor’s Note: The May Day holiday this year would be extended to four days. When Premier Li Keqiang was asked at a news con

ference during the recent second session of the 13th National People’s Congress whether China would res

ume the May Day golden week holiday, he said relevant departments were studying the issue and would serio

usly consider the public’s opinions before making a decision. What effects will a four-day holiday have on the people and

the economy? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts follow:

Holiday answers people‘s appeals

The four-day holiday will, to a large extent, meet Chinese people’s require

ments for a better life, including the growing desire to enjoy quality longer vacations both at home and abroad.

There have been calls for longer holidays ever since the May Day golden

week holiday was reduced to three days. And the extension of the May Day holiday to four

days this year suggests the government has been taking public opinions into serious consideration.

riuy8.cn

hina to pilot football-focused kindergartensball in Qin

China will start the trial run of football-focused kindergartens this year, with 50 to 200 such kin

dergartens in each provincial-level region, according to a directive by the Ministry of Education.

It is among the country’s efforts to popularize campus football, encourage kindergartens

to extensively carry out child football activities and foster children’s all-around development.

The pilot program aims to cultivate interest in football in children through popular

football games and create an atmosphere favorable for football culture to grow, the directive says.

Various physical activities tailored for kids will be held, during which children are enco

uraged to run, jump, climb, pitch and bounce balls to promote the development of their basic sports abilities.

Kindergartens must give top priority to children’s safety and health, the ministry stresses.

www.izhankai.cn

A $50 million rescue and rebuild mission is now underway to

repair roads, bridges, schools, communication lines and provide healthcare to

those affected. The country is in poor shape to withstand the financial impact of a disaster: Zimbabwe is cur

rently in the grip of a deep economic crisis.
The Zimbabwe Information Ministry shared pictures of some pupils who had been res

cued from a boarding school in Chimanimani District, one of the worst-affected areas in the east of the country. Br

idges were swept away, and power and communication lines in the area have been cut off.

St Charles Lwanga School children are now safely in Chiping

e and currently receiving medical attention. pic.twitter.com/Ad9LSC7WhS

— Ministry of Information, Publicity & Broadcasting (@InfoMinZW) March 18, 2019

This cyclone follows a week of heavy rains and flooding across southeast Afri

ca that affected 1.5 million people in Mozambique and Malawi, killing at least 120 people in both countries, UN

hdflower.net.cn

young man in Central China designed, constructed and

decorated a unique cement pipe room in 45 days, and made short videos to record the whole process and put them online, attracting many followers.

The man surnamed Long, 28, used to serve in the army and now runs a home “agritainmen

t” inn in Shaoshan, Central China’s Hunan province, the Xiaoxiang Morning Herald reported Wednesday.

Long said he has been a fan of Japanese animation and manga since childhood — especially

Doraemon, in which a pile of cement pipes is a place for Nobita Nobi to play with his friends and a shelter from bullies.

Inspired by the scene, Long has always dreamed of actually living in a concrete tube.

In January, Long started his ambitious construction plan. He used planks to form the tube frame fast

ened by steel bars, and filled it with cement. After the tube was done, he set out on interior design and decoration.

ovldix.cn

Scientists discovered the possible presence of krill bree

ding grounds around Peter I Island in the Amundsen Sea area. The distribution of phytoplankton in the eastern Amundsen Sea a

rea was preliminarily proved through the first application of a trace metal sampling method developed by China.

At Changcheng station, scientists conducted ecological environment monitoring, glacier

monitoring and regular meteorological observation projects. Seismic stations there have bee

n upgraded, and a radar sea-level observation system has been constructed, the administration said.

Nearly 200 kilograms of samples of soil, water, animal and plant spec

imens and other materials, were collected at Changcheng station. Scientists also estab

lished the country’s first polar region sodium fluorescence laser Doppler radar room at Zhongshan sta

tion. During its trial run, about 51 hours of valid data and 2.5 GB of original data were collected.

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