Let’s reap potential of China-Myanmar cooperation

Since Myanmar embarked on its political transition, political elites in the country have championed that peace is the premise for economic and social developme

nt. 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 recon

ciliation with the hope of making a major breakthrough and consolidating public support. Regrettably, results are no

t 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 indicators suggest that since the N

LD government assumed power, Living standards haven’t substantially improved, and more economic problems have surfaced to plague the c

ountry. One of the main reasons why the NLD lost seats in the 2018 elections is the government’s lackluster economic performance. If the e

conomy 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 live

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

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

inesses 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.

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The central bank will eliminate that interest rate margin

sooner or later, and guide commercial banks to lower lending rates closer to a market-determined level, Sun said.

“Theoretically, there is room for rate cuts of 1 percentage point,” said Zhang Tao, a

n analyst in the financial market department of China Construction Bank.

China has enacted both monetary and fiscal policies to offset downward pressure on eco

nomic growth this year. Some economists have predicted the growth rate may slip in the first quarter be

low the 6.4 percent of the past three months of 2018 because of factors such as trade tensions.

US Federal Reserve Chairman Jay Powell decided on Jan 30 to shelve a plan to keep raisi

ng interest rates because of possible risks to US growth. The European Central Bank stopped exp

anding quantitative easing and warned about the negative results of Brexit.

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Sun Qian had joined Guan Yu in escorting the two

Sun Qian had joined Guan Yu in escorting the two ladies, and they were on the road to Runan when

Xiahou Dun suddenly determined to pursue. So with a couple of hundred horse, Xiahou Dun set out.

When Xiahou Dun was seen approaching, Guan Yu bade Sun Qian go ahead with the carriage while he remained to deal with the pursuers.

  When they were near enough, Guan Yu said, “In coming after me thus you do not reinforce the magnanimity of your master!”

  Replied Xiahou Dun, “the Prime Minister has sent no definite instructions. You have caused

the death of several people, among them one of my commanders,

and so I have come to capture you! You have behaved most grossly. The Prime Minister will decide.”

  thereupon Xiahou Dun dashed forward with his spear ready to thrust.

  But at that moment a rider came up behind him at full gallop, crying, “You must not fight with Guan Yu!”

  Guan Yu stayed his steed at once and waited.

  the messenger came up, drew from his bosom an official letter, and said to Xiahou Dun, “The Prime Minister loves General Guan Yu for his

loyalty and honor, and fearing lest Guan Yu might be stopped at the various passes, he sent me with this letter to show when necessary at any point on the road.”

  “But this Guan Yu has slain several commanders of the passes. Does the Prime Minister know that?” said Xiahou Dun.

  the messenger said these things were unknown.

  “then,” said Xiahou Dun, “I will arrest him and take him to the Prime Minister, who may set him free or not as he wills.”

  “Do you think I fear anything you can do?” said Guan Yu getting wrathful.

  And he rode forward. Xiahou Dun, nothing loth, set his spear

and prepared for battle.

they met and had reached the tenth encounter when a second horseman came up at full speed, crying, “Generals, wait a little!”

  Xiahou Dun stayed his hand and asked the messenger, saying, “Am I to arrest him?”

  “No,” replied the messenger. “Fearing lest he should have

difficulties at the passes, the Prime Minister has sent me with a dispatch to say he is to be released.”

  “Did the Prime Minister know that he had slain several commanders on the way?”

 “He did not know!”

 “Since he was ignorant of that, I may not let this Guan Yu go,” and Xiahou Dun gave the signal to his men to close in round Guan Yu.

  But Guan Yu flourished his sword and made to attack them and a fight was again imminent, when a third rider appeared,