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.

12xe6.cn

Zheng Wen, director-general of the ministry’s department of

circulation industry development, said online sales have become an important engine to stimulate domestic spending and i

mports. “Durable consumer goods with high-tech features and branded foreign products have huge commercial potential,” Zheng said.

Chinese e-commerce giant JD reported robust sales between Feb 3 and Friday, with sales revenue jumpi

ng 42.74 percent year-on-year. Smartphones, computers and home appliances were the top three items on JD in terms of sales value.

Chinese consumers tend to buy high-quality and diversified products, the comp

any said. Kitchenware sales posted the strongest growth — 399 percent year-on-year. That was followed by furniture and

luggage, with their respective sales revenue up 185 percent and 148 percent, JD reported.

China UnionPay, the country’s largest bank card operater by market share, saw its total transaction volume over the ho

liday period reach 1.16 trillion yuan, jumping 71.4 percent year-on-year, the company said on Monday.

www.qe78w.cn

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,