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

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

A jet lag cure. Such is the promise of the hotel spa’s exclu

  sive coladh samh massage (the name, pronounced “culla sauv,” is an Irish phrase meaning sound sleep) — a 50 or 80-minute trea

tment specifically designed to help with sleep issues, ranging from insomnia to epic jet lag battles.

  The experience begins with a mixture of pressure and Swedish techniques, followed

by a cooling ceramic stone treatment designed to lull the body into a state of relaxation. This author can speak fro

m firsthand experience: My whole body felt like a happy, sleepy puddle by the end of the service.

  And spa junkies rejoice: Adare’s spa is one of only 11 in the world (a

nd the only one in Ireland) to offer La Mer-branded treatments. For true luxury, boo

k the La Mer Miracle Broth Experience, a 180-minute service that includes a body polish with pure dia

mond powder, a circulation enhancing massage and the signature Miracle Broth facial.

  Adare Manor, Adare, Co. Limerick, V94 W8WR, Ireland; +353 61 605 200. Rates start at $370, including breakfast

  Juliet Izon is a veteran lifestyle writer, covering fo

od, travel, interior design and entertainment. She lives with her husband and daughter in New York City.

www.qianpdd.com

Saudi Arabia seeks Asia’s support for its economic makeover

  Saudi Arabia’s crown prince is in Asia forging new ties and seeking deals as he tries to keep his d

ream of economic transformation alive following a chill in relations with the West.

  Mohammed bin Salman wrapped up his visit to Pakistan on Monday with agreements worth $20 billion — incl

uding one to develop alternative energy — before heading to India and China, both big buyers of Saudi oil.

  But his trip is about much more than energy. The crown prince is spearheading

efforts to diversify the kingdom’s economy away from what he once called an “addiction” to oil.

  For that he needs foreign investment and expertise. Bin Salman will be looking to India and China for both.

  His plan, dubbed Vision 2030, aims to reduce unemployment, grow the private

sector and develop industrial, tourism and entertainment hubs over the next decade.

qianpdd.com

Moreover, in January, financial data continued its trend of

structural optimization from the previous month, which is reflected by the pickup in medium

and long-term lending and the continuous increase in bond financing. Looking ahead, such structural improvement is likely to co

ntinue, further boosting the supportive role of “loose credit supply” in “stabilizing growth.”

From the external perspective, the following three factors are expected to support the Chinese

yuan’s exchange rate to regain long-term stability, thus enhancing the autonomy of China’s monetary policy.

First, developed economies have slowed their pace of tightening. Since the end of 2018, due to the stalling global recovery and

signs of a returning crisis, central banks of various developed economies have become more cautious toward the no

rmalization of monetary policy. The European Central Bank, the Bank of England, and the Reserve Bank of Australia successively lowered their fo

recast for economic growth. In the US, the dovish voice inside the Fed has gradually increased. Because of this, si

nce late January, the yield inversion of short-term government bonds in China and the US has been eased. Thus, despite the

monetary policy differentiation between China and other major developed economies, the degree of d

ivergence is expected to decline, weakening the long-term pressure on the yuan’s exchange rate.

www.aishedesd.com

In short, thanks to changes in the internal and extern

al environment, China’s monetary policy is expected to sail out of the “reefs” in 2019, becoming more flexible in maintaining its prudent, neutral, and marginally loose stance.

We believe that comprehensive and targeted cuts to reserve req

uirement ratios, reductions in open market rates, and increased use of targeted medium-term l

ending facility will become the main policy tools of China’s central bank in 2019. Only when extreme changes happen in the internal and external env

ironment (for example, the Chinese economy fails to stabilize in the middle of 2019 and the Fed doesn’t raise interest rates),

will the possibility of lowering the benchmark deposit and lending interest rates rise significantly.
hina will take measures to help domestic soybe

an and corn farmers, while also seeking to expand imports of certain agricultural products that are considered in s

hortage through diversified channels, according to a central government guideline released on Tuesday.

The plan, came before a new round of trade negotiations between Chinese and US officials set fo

r Thursday and Friday, shows Chinese policymakers’ determination to be le

ss dependent on US agricultural imports such as soybeans even if a deal is likely to be reached, industry analysts said.

sh419ccc.com

Under the guideline, released by the Central Committee of

the Communist Party of China and the State Council, China’s cabinet, Chinese authorities will consolidate the produc

tion capacity of such products as edible-oil crops and cotton through improving quality and efficiency.

The nation will also improve the subsidy policy for soybean and corn producers this year, while also

scaling up imports of agricultural products in shortage and diversifying import channels, the g

uideline read. China will also cultivate a group of multinational agricultural enterprises.

Jiao Shanwei, editor-in-chief of grain portal cngrain.com in Central China’s Henan Province, told the Global Times that the guide

line, which is issued at the beginning of each year and widely interpreted as laying a policy framework for

China’s agricultural industry, sends a clear signal to the market that China will take measures such as importing from alte

rnative sources like Russia and Brazil as well as encouraging domestic cultivation, to be less reliant on US soybean imports this year.

www.sh419in.com

The UK made a proper move by introducing ways to

After Chinese sportswear brand Li-Ning returned to the catwalks of New

York Fashion Week for the second time ever on February 12, the appearance quickly be

came a hot topic of discussion on social media in China. Several years ago, Li-Ning probably never dared imagine that i

ts products could become so popular among young people in China. However, not only has the company found great suc

cess with this demographic, it has also pushed many older Chinese brands to explore new paths to young people’s hearts.

Bumps along the way

The company gets its name from Li Ning, the pride of China. With 14 gold medals at world-class gymnastic competitions, thr

ee of them Olympic gold medals, he earned himself the title “Prince of Gymnastics.” Chinese people still talk ab

out the moving scene when he lit the torch at the 2008 Beijing Olympic Games. After retiring from gymnastics, Li fo

unded the sportswear brand in 1990, becoming not only a legend in sports but also in business.

www.shb419.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

Forcing one to drink can’t be a test of friendshipA friend of

Lunar New Year’s day in hospital this year, because he was urged to drink Kweichow Moutai, the famous Chinese liquor. After recklessly guzzli

ng almost half liter, he went into a coma due to alcohol poisoning and ended up in the emergency room. My poor friend missed the entire Spring Festival.

For many foreigners, such an incident may be beyond imagination, and include a shock factor. Why do some Chinese pe

ople always force others to drink? How is drinking linked to sincerity and good faith? Well, welcome to the Chinese drinking culture.

As an old saying goes, “In wine there is truth.” Some Chinese people tend to believ

e that under the influence, people may reveal their true beliefs and feelings which would not be expressed when they are sober.

As a result, when people are urging their friends to drink, they may say: “If you don’t drink up, you are not m

y true friend!” It sounds they could only be honest and open to each other when they are dead-drunk.

In another type of situation, people who hold more power force their subordinates to drink. They would say: “Dr

ink this up, and then I will promise you your promotion.” It is more like forced persuasion or even a threat. In

China, urging people to drink is like a “game of thrones.” The domineering would force others to drink up so as to show off their

power, while the pliable tend to yield. They use empty bottles to tell the strong: “See, I keep drinking and don’t care sacrificing my health for you.”

shlfco.com