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

Honda is closing its only British factory, wiping out 3,500 jobs

  Honda has just dealt the United Kingdom’s auto industry a huge blow.

  The Japanese carmaker said Tuesday that it will shut down a major manufa

cturing plant in the English town of Swindon that employs 3,500 people. T

housands more jobs will be put at risk at suppliers and other businesses.

  Honda (HMC) has made more than 3 million cars in Swindon since its plant there opened three decades ago. The plant, which

will close in 2021, currently produces up to 150,000 Civics a year for over 70 countries.

  Swindon is the Japanese company’s only car plant in the European Union. The restructuring will also involve Honda’s busi

ness in Turkey, which currently produces 38,000 Civic sedans per year. That will cease in 2021.

  Honda said that production would shift to Japan, North America and China.

  Honda Motor Europe President Katsushi Inoue said in a statement that the restruct

uring is needed to “accelerate our electrification strategy” as the auto industry seeks to overcome “unprecedented changes.”

aishedesa.com

Even leaving the bloc under the agreement Prime Min

  ster Theresa May has negotiated with the European Union would mean continued uncertainty over future terms of trade.

  More uncertainty is the last thing needed by a car industry that has already been slammed by a

collapse in diesel sales in Europe and dramatically weaker demand in China.

  Japan’s Nissan (NSANF) earlier this month scrapped plans to build its new X-Trail SUV at its fact

ory in the English city of Sunderland. It cited uncertainty over Brexit as one reason for the decision.

  Britain’s biggest car maker, Jaguar Land Rover, announced plans last month to reduce its gl

obal workforce by 4,500. That’s in addition to 1,500 people who left the company last year.

  The company, owned by India’s Tata Motors (TTM), has also warned that crashing out of the

European Union would wipe out more than £1.2 billion ($1.5 billion) of its annual profit.

www.aishes021.org

But Myanmar still has some obstacles to deal with in order

attract foreign capital. The first is instability in the job market and relatively low labor efficiency. Particularly, the recent years have seen an increasing number of strikes and the failure of the g

overnment to ease industrial relations conflicts with effective measures has crippled investor confidence in the country. Some foreign ent

erprises even withdrew from Myanmar and shifted to neighboring countries, denting the image of the nation.

Second, Myanmar’s backward infrastructure may deter potential investors. A small nu

mber of power generation facilities and fragmented grids cannot ensure stable and sufficient po

wer supply. Access to electricity is limited to only 26 percent of the population, impeding Myanmar’s economic development.

Third, some Myanmese are prejudiced against foreign investment. Worrying that Myanmar’s eco

nomic and social interests may be impaired, they turned their backs on foreign investment. Demonstrators r

allied in Kachin State to demand the government permanently halt the Myitsone dam project, without giving any constructive suggestion on the fo

llow-up arrangements. It’s fair to say some movements against foreign-invested projects, driven by nationalism an

d so-called environmental concern, are of no help in improving the country’s investment environment, and have hijacked economic development. Re

specting the spirit of the contract is a basic requirement for modern states and their people. Myanmar State Councilor Aun

g San Suu Kyi recently said an administration shouldn’t terminate foreign-invested projects approved by its predecessor.

www.shk419.com

Under the China-proposed Belt and Road Initiative, investment

from China has improved local infrastructure, resolved the country’s chronic energy crisis, a

nd made Pakistan a more attractive destination for foreign investment. We cannot give up halfway. Th

e question now is how to maximize the efficiency of Chinese loans to benefit the local people and Chinese investors.

Although Saudi Crown Prince Mohammed Bin Salman has reportedly postponed his trip to Pakistan amid heightened t

ensions between India and Pakistan, Pakistan is still likely to get an economic package from Saudi Arabia to support its economy.

China will be pleased to see the CPEC become leverage for increased economic cooperation betw

een Pakistan and the international community. Closer economic interaction will help maximize th

e efficiency of Chinese investment and promote regional economic integration. As Pakistan further integrates itself into the

global economy, foreign investment is likely to yield more employment benefits and help the country fight poverty. Prob

lems such as security concerns have also posed challenges to the CPEC. If foreign investment can help reduce p

overty and fight terrorism in the South Asian country, it will create a virtuous circle for the development of CPEC.

shg419.com

Folorunsho Amsat, a journalist, told Xinhua one of the

 of the polls postponement is that it would cause many voters to be depressed and the country might record a low turnout of electorates when the election eventually holds.

“The momentum is dying. I hope it’s not dead in one week,” he said.

According to the electoral chief, shifting the polls was “a difficult decision for the Commission to take.”

For more than seven hours, the electoral chief and the 12 nation

al commissioners of the INEC were in a closed-door meeting on Friday night.

The elections were supposed to hold at 119,973 polling units across the country while collation of res

ults was to take place in 8,809 registration areas or wards, 774 local government areas in 36 states and the capital Abuja.

Sources had hinted a possible postponement of the election due to logistic challenges in some parts of the country.

The official News Agency of Nigeria, citing official sources in the north-central state of Niger

had reported that ballot papers for two of the state’s three senatorial districts were missing as of Friday evening.

www.sh419bb.com

But things are gradually changing. The number of Chinese

The Chinese drinking culture is set for a transformation. According to a survey of 109,441 Chinese conducted by the China Youth Daily’s Social Investigation Center, 84 percent said they were not fan of the drinking culture in China.

The long tradition seems to be on the wane, reflecting a change in an important aspect of China’s material culture.

On one hand, as living standards improve, Chinese people pay more atte

ntion to their health. More people are choosing tea over liquor as their daily beverage. Instead

of sitting at the table for the night, people now prefer healthier lifestyles. On the other hand, Chinese pe

ople have realized that drinking culture may provide opportunities for the undeserving who can get what they want by

pleasing those who insist that they drink. This is not only unfair to the deserving but also undermines ethical conduct.

Nowadays, Chinese people have developed more decent drinking habits.

Those who risk their lives drinking heavily are not the so-called heroes anymore, and those who alw

ays urge others to drink may be gradually isolated by their friends. More and more Chinese pe

ople enjoy having only a few drinks and chat over the cup. Taking small sips and slowly tasting liquor seems more enjoyable.

In addition, real friendship cannot be measured by how much alcohol is consumed. Neither can bottles of liquor build relations am

ong people. Instead, they only hurt people’s feelings and health. When people are sober again, the ecstasy and promises disappear.

After all, true friends are those who care about your health, not those who urge you to drink.

Take my poor friend. After he got out of hospital, he completely forgot who forced him to drink at the t

able. When he was blind drunk and almost choked on his vomit, all he remembered was those who loyally stayed by his side.

www.sh419ll.com

With many Chinese not having traveled abroad yet, raising

According to the latest data released by the State Administration of Foreign Exchange, China’s tourism trade deficit reached $237.4 billion in 2018, an increase of $21.4 billion over the prev

ious year. While the record high figure reflects the growing scale of outbound tourism consumption by domestic residents, it remains qu

estionable whether the domestic demand is so strong that it even caused the record outbound tourism consumption.

However, by analyzing relevant reports and statistics, I believe some of the figures about China’s tourism industry may

be dodgy, which could therefore be misleading for investment decision-making and should be clarified.

According to the preliminary statistics of the China Tourism Academy, Chinese travelers made 140 million outbound trips in 2018, up 1

1 million from 129 million in 2017. To a certain extent, the steady increase in the number of Chinese o

utbound trips indicates that the consumption is still growing and not falling.

But the important question is how many people actually traveled abroad

out of the 140 million outbound trips. According to the Annual Report of China Outbound Tou

rism Development 2018, Chinese trips to foreign countries and regions accounted for about 33.3 percent of total out

bound trips in 2017. Assuming that the ratio remained unchanged in 2018, then the number of trips to foreign c

ountries and regions came to about 46.67 million. Again assuming that half of the people who went abroad on av

erage twice last year, then the number of Chinese who went to foreign countries and regions was approximately 31 million.

sh419cz.com

oreigners choose Hohhot over megacities boiled lamb b

Hohhot, capital of North China’s Inner Mongolia autonomous region has seen an influx of foreign residents over the past few years.

Traditionally, megacities such as Beijing and Shanghai have been popular with expats, but many are now choosing lesser known cities such as Hohhot.

Thanks to the city’s rapid economic growth, Hohhot is increasingly seen as an exciting place to live and work.

“I have lived here for nearly 14 years; I love everything here,” said Vincent, an expat from the Philippines.

Vincent came to Hohhot in 2006 to work as a foreign language teacher. S

ince then, he has learnt to speak fluent Chinese and has built a successful career in the city.

Hohhot has changed dramatically over the last few years; there are new expres

sways and significant improvements to public transportation networks, he said.

Most importantly, the city is becoming more and more environmentally friendly, he added.

The local culture has also proved attractive to foreigners arriving in the city.

Jason, an Irish expat, works in the city as a foreign language teacher. He

enjoys learning the local dialect and even decorated his house with red lanterns ove

r Spring Festival, despite not knowing anything about the festival when he first arrived in Hohhot.

I’m really pleased to be working here, and hope that I can make a valuable contribution to the city, he said.

The municipal government plans to continue making the city a welcoming environment for

expat workers, with a host of new preferential policies designed to make the city an attractive place to live in.

shlfas.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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