The 67-year-old princess, the eldest daughter of the late King

Bhumibol Adulyadej and sister of the present King, married an American and relinquished her title in 1972. After returning to Th

ailand in 2001 following her divorce, she resumed royal duties and enjoyed prestige among the Thai people, although her royal title has not yet been restored.

Around 20 military coups have taken place in Thailand since the country became a constitutional mo

narchy in 1932. The Constitution was also amended in 2017 during the military government’s rule.

In this context, the Thai Raksa Chart party (Thai Save The Nation, or TSN) tried to break the v

icious circle in Thailand’s politics by nominating Ubolratana as the prime ministerial candid

ate. The probability of her winning the election would have been high if she were allowed to contest. Her victory would have brought back political sta

bility to some extent. TSN is linked to former Thai leader Thaksin Shinawatra, who enjoys popular appeal in the country. Thaksin carried out several pol

icies that benefited the grass roots and won him their support. Even though he was ousted in 2006, his influence remains strong.

In the upcoming election, I believe pro-Thaksin parties can still have high public app

roval ratings. But considering the latest military-drafted constitution which gives considerable

rights to bureaucrats and military, it is still not known whether a pro-Thaksin politician can be elected prime minister.

www.hnxkmh.com


Let’s reap potential of China-Myanmar cooperation transitio

Since Myanmar embarked on its political transition, political elites in the country have championed that peace is the premise for econo

mic and social development. In the first two years of the government led by National League for Democracy (NLD), Nay Pyi Taw devoted a lot

of efforts to promoting national reconciliation with the hope of making a major breakthrough and consolidating public su

pport. Regrettably, results are not satisfactory. The NLD government is currently locked in a stalemate over national reconciliation.

It has also performed poorly in boosting the economy and improving people’s lives. Main economic in

dicators suggest that since the NLD government assumed power, Living standards haven’t su

bstantially improved, and more economic problems have surfaced to plague the country. One of the main rea

sons why the NLD lost seats in the 2018 elections is the government’s lackluster economic performance. If the ec

onomy doesn’t improve, it will inevitably affect the NLD’s potential for victory in the 2020 election.

Therefore, the NLD government is now attaching increasing importance to economic and livel

ihood issues. It has issued a string of policies to attract foreign investment. Take the new Mya

nmar Companies Act. Under the law, foreigners are permitted to take up to a 35 percent stake in local companies and bu

sinesses with foreign stakes of more than 35 percent will be classified as a foreign company, which facilitates co

operation between foreign investors and local businessmen and will help attract more foreign investment.

shlfwab.com


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


ooperation will bring benefits to the two countries while

conflicts will injure both sides, he added.Xi called China-US ties one of the world’s most important

bilateral relationships, and the two countries have wide common interests a

nd shoulder important responsibilities in safeguarding world peace and promoting global prosperity.

Maintaining the healthy and stable development of the China-US relationship is in line with the fundamen

tal interests of the people of both countries, and it is also the common wish of the international community, Xi said.

Xi mentioned his latest meeting with US President Donald Trump on the sidelines of the G20 Leaders

Summit in Argentina in December, saying that the two leaders reached important consensuses.

The two countries should promote building stable, cooperative and coordinative Chi

na-US relations, Xi said. The two sides should enhance communication, focus on cooperation a

nd handle disputes to promote economic and trade cooperation, Xi added.

www.shlf18.com


The tariffs imposed on Chinese goods by the US so far hav

ave had a negative impact on the Chinese economy, but it has shown resilience in coping with the shocks, and the repercussions have not been as severe as pred

icted. In January, for instance, Chinese exports rose 9.1 percent from a year earlier, compared with a 3.5 percent declin

e in December, according to customs data released on Thursday. And although its export growth to the US continued t

relations with a deal that is in line with the interests of both countries. If that has been the shared und

erstanding during this week’s talks, and it is carried forward in the negotiations in Wa

shington next week, hopefully the two sides will be able to narrow the differences between them sufficiently so that the t

o drop, no doubt due to the raised tariffs on Chinese goods, China’s shipments to other major

markets, such as the European Union, Japan and Southeast Asia, all rose strongly.

Meanwhile, leyishengpxcn/ions otherwise, the US economy has not rem

ained unscathed, as shown by the need to offer emergency assistance to its farmers and t

he voices of complaint from US companies urging the administration to change tack.

Cooperation based on fully respecting mutual interests is the best way for t

he two countries to renew their trade and economicwo leaders can pencil in a date f

or a meeting at which they can shake hands on a deal that sets the right course for future relations.

ex079.cn


Five more lunar locations get Chinese nameson data

Five more geographical entities on the moon have been given Chinese names,

based on discoveries from China’s latest Chang’e 4 mission, according to a news conference on Friday.

The China National Space Administration, Chinese Academy of Sciences and Internatio

nal Astronomical Union held a joint news conference Friday to announce the five names approved by the IAU on Feb 4.

The landing site of the Chang’e 4 probe is named Statio Tianhe, and three annular pits around the landing site are called Zh

inyu, Hegu and Tianjin. The central peak in the Von Karman Crater is referred to as Mons Tai.

The five places are clearly shown on high-resolution images based on data from the Chang’e 2 and Chang’e 4 missions.

China’s Chang’e 4 probe, launched on Dec 8, landed on the Von K

arman Crater in the South Pole-Aitken Basin on the far side of the moon on Jan 3.

www.ex187.cn


Festival brings to fore importance of demographic data

Spring Festival, celebrating the start of the Chinese Lun

ar New Year, is unique beyond being the most important festival in the world’s most populous country.

Not only is it the longest holiday that most workers in China are entitled to, it also pr

oduces the largest annual human population movement in the world, th

anks to the age-old tradition of family reunions that are at the center of the occasion.

This year, the Year of the Pig, which is strongly believed to be associated with good fortune, has seen hundreds of millions

of workers based in cities and big towns returning to their smaller towns and villages of origin to reunite a

nd feast with their families-including their parents, and, for many, also their spouses and children. The official fo

recast is that this year, nearly 3 billion trips will be generated during the 40-day travel rush from Jan 21 to March 1.

While it might not be so obvious, this huge social phenomenon both shapes and is shaped by the sheer size and dis

tribution of China’s population linked to births, deaths and migration, and the way these three sets of vital events interact.

ax147.cn


Reportcan extenChina has the capacity to extend local governm

ment bond issuance or implement more tax cuts, Economic Information Daily reported Wednesday, citing the Chinese Academy of Social Sciences.

A total of 2.61 trillion yuan ($386.46 billion) of bond quota was unused by the end of 2018, accounting for 14.1 percent of total local debt, the academy said in a report.

This means China can extend bond issuance, or undertake 14 percent of tax and fee cuts.

The debt balance stood at 18.39 trillion yuan at the end of last year, well below the official ceil

ing of 21 trillion yuan, and accounting for 109 percent of total fiscal revenue of local governments.

In 2018 local authorities raised a total of 4.17 trillion yuan through bond issuance, down from 4.36 trill

ion yuan in 2017, according to the Ministry of Finance. The local debt ratio was 76.6 percent last ye

ar, significantly lower than the international warning line of 100-120 percent.

Last year local governments’ implicit debt risk was controlled effectively, however, the total debt level was still huge, the academy said.

In 2018 new explicit debts rose 13.5 percent to 2.18 trillion yuan, while the in-balance-sh

eet interest payment reached 734.5 billion yuan, with a 17.1 percent growth rate, about 2.75 times that of fiscal revenue.

A rapid increase in interest payments put pressure on future fiscal guarantees and service capacity, the academy added.

www.nqlbn.cn


Former PBOC governor wins 2019 lifetime achievement award

Zhou Xiaochuan, former governor of the People’s Bank of China (PBOC), has won the UK’s 2019 Central Banking lifetime achievement award, according to the publication’s website.

Zhou, the sixth winner of the award, stands out for his high levels of integrity, intellectual ri

gor and bold reforms that have served the public interest in China and elsewhere, said a statement of the website.

The Central Banking Awards were established to recognize outstanding perform

ance in individuals and organizations in the central banking community.

Zhou, who stepped down as PBOC governor in March 2018, had served in his position from

December 2012-2018, which makes him China’s longest serving central bank governor since 1949.

The award recognizes the impact Zhou had on the central bank and the Chinese economy.

“While in office, Zhou demonstrated high levels of integrity in his pursuit of public s

ervice. He brought academic rigor to real-world decision-making, acting as a prag

matic policymaker with a strong sense of what was in the public interest,” the statement said.

www.117xe.cn


Some conservatives in South Korea voiced concerns over a we

akening alliance with the United States at the same time as negotiations with North Korea to deprive it

of its nuclear weapons hit a stalemate. They said Trump might use the failed military cost-sharing negotiations as an excuse to pull back so

me U.S. troops in South Korea as a bargaining chip in talks with North Korean leader Kim Jong Un.

Trump told CBS’ “Face the Nation” on Feb. 3 that he has no plans to withdraw troops from S

outh Korea. During his election campaign, Trump suggested he could pull back troops from South Korea a

nd Japan unless they took on greater a share of the financial burdens of supporting U.S. soldiers deployed there.

South Korean media earlier reported that Trump demanded South Korea double its spe

nding for the U.S. military deployment, before his government eventually asked for 1.13 trillion won ($1 billion).

Seoul’s Foreign Ministry said the U.S. had called for a sharp increase in South Korean spending but didn’t elaborate.

www.khlee.com.cn