tier city, we will expand to neighboring lower-tier cities. For example, we have developed ve
ry well in Xiamen (Fujian province), and based on this we will expand to smaller cities nearby,” he said.
About 70 percent of small-town youths live from paycheck to paycheck, and most of their money goe
s on household items, luxuries, entertainment and travel, according to a report on this age group rec
ently released by the Central Committee of the Communist Youth League of China.
“They also like quality products, good brands and are interested in being trendset
ters,” said Sun Hongyan, a researcher at the China Youth and Children Research Center.
Sun, the main author of the report, said 35.5 percent of small-town youths use mob
ile phones or electronic devices that feature the latest designs from well-known brands.
ogy giant Tencent to court and asked for 180,000 yuan in compensation after Tencent us
ed nine Visual China Group images without permission, Beijing Youth Daily reported.
Tencent said the images involved could also be found on other webs
ites, or the company could not prove it had authorization for the photos. The court fina
lly ordered Tencent to pay 40,000 yuan to Visual China, the report added.
Wang Weiwei, a lawyer from the Beijing Zhongwen Law Firm, sai
d, “Mushrooming copyright-related disputes can be acceptable if a stock-ima
ge agency, such as Visual China Group, gets authorization for images from copyright owners.
“Any litigation caused by true copyright infringement is no problem and is justifie
d, as it is also to help protect the legitimate rights and interest of the copyright owners,” he said.
China can push forward deleveraging and deal with short-term downside pressure in a coord
inated way to ensure sustainable and high-quality economic growth, experts said on Friday.
“Deleveraging does not necessarily lead to slower economic gro
wth. It depends on which approach we choose to lower the leverage,” said Hu Xia
olian, chair of the Export-Import Bank of China at the Boao Forum for Asia, which concluded on Friday.
As China’s deleveraging moves support supply-side structural reforms, del
everaging and economic growth actually go hand in hand in many aspects, Hu said.
Reducing the debt ratio of State-owned enterprises, for example, entails reforms to streng
then corporate governance and higher efficiency, she said, adding that China’s efforts to develop a stronger capital
market will not only reduce the corporate debt level by increasing equity financing but also contribute to economic growth.
Still, Modi is facing what looks like an increasingly close contest.
The main national opposition party, the Congress Party, led by Rahul Gandhi — the scion of I
ndia’s most influential political dynasty — has been attempting to shore up key constituencies ahead of voting.
In December, the BJP lost a number of key state-level polls th
at were widely seen as leading indicators of the national mood ahead of the general election.
Among the factors that tarnished the BJP’s image, experts
say, were the worsening economic challenges faced by ordinary Indians, despite healthy GDP growth.
The land of a million polling stations: India’s general election by the numbers
Modi’s 2014 victory was in part due to his promises to overhaul India’s economy and gen
erate jobs for young people, around 12 million of whom enter the workforce every year.
In recent years, however, India has faced a worsening jobs crisis with the rate of unemployment hitting 7.2 percent in Feb
ruary, according to the Mumbai-based think tank, the Centre for Monitoring Indian Economy (CMIE).
Meanwhile, despite Modi’s attempts to portray himself as a champion of the poor, wages are falling across rural India and creat
ing an equally dire situation for the country’s farmers. The CMIE’s latest figures has rural unemployment at 6.98 percent.