The secrets to running the best hotel in the worldShutterin

  But in more granular terms — especially when “best” can be so subjective — what does this even mean?

  Broadly, sure, it’s a hotel that’s firing on all cylinders. Everything from the meals to the amenities to the grounds mus

t be flawless. But for a guest, it must be more personal than that to obtain such high esteem.

  At Adare, it’s eating breakfast in a room that looks like it was lifted straight out of Hogwarts. It’s lear

ning the ancient art of falconry alongside the hotel’s resident Snowy Owl, Olaf. And it’s def

initely sinking your teeth into a freshly baked scone with a dollop of house-made lemon curd.

  So how, exactly, does Adare craft its magic? Read on for a peek behind the proverbial curtain.The st

aff at Adare is more than 500 strong, which leaves plenty of manpower to focus specifically on g

uests’ needs. General Manager Paul Heery also instructs his employees on the theory of “beyond everything,” which tran

slates into making sure every experience on property is exceptional from the guest’s point of view.

  ”Is the welcome at the gate a little bit more than the normal welcom

e?” he says, for example, of greeting guests upon arrival. “The objective is that every guest co

ming through gets some sort of a memory. We are always challenging ourselves and challenging the norm.”

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The secret: How they keep the golf greens, well, so greeneq

  At 845 acres, Adare’s property requires a significant amount of upkeep. And no area receives more loving care than the hotel’s

golf course, an idyllic stretch of emerald greens winding around the River Maigue.

  ”There are over 50 employees just on grass and greenery,” says Heery. And while Ireland may be ra

iny, these links will never be soggy: SubAir technology — a way to quickly vacuum water from the green

s — runs under the whole of the course.Far from being putting greens just for guests, the Tom Fazio-designed links we

re created with the intention of making Adare one of the top golf destinations in the world.

  So far, so good. The course was crowned the World’s Best New Golf Course in 2018 by t

he World Golf Awards, and its JP McManus Pro-Am tournament, scheduled for July 2020, alr

eady has the likes of Tiger Woods, Rory McIlroy and Justin Rose signed on to compete.

  Even the practice facility is known as one of the best in the country, with Scottish bunker sand specially imported for the most refi

ned experience.early equally alluring as the course itself is the sleek Carriage House, which acts both as a c

lubhouse for golfers and a dining destination not only for guests, but also for those in the surrounding village of Ad

are. After a round on the links, swing by the bar, an adults-only respite outfitted in leather and oak.

  Toast to your success (or drown your sorrows) with a glass of wine. Adare’s list is an impressive 12,000 bottles deep, plus t

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Second, capital outflow pressure has been gradually allevia

Since October 2018, emerging markets have once again gained favor from international capital.

In this context, the MSCI expansion of A shares and the inclusion of A shares into the FTSE Em

erging Markets Index will likely happen in 2019, with foreign investment attracted by such major international o

pportunities. Latest data showed that in the fourth quarter of 2018, net inflow of direct investment by overseas financial ins

titutions soared to $2.14 billion, marking the highest level since the third quarter of 2015. Thanks to the overseas investment inflow, China’s capital ou

tflow pressure is expected to continue to be eased in 2019, thus reducing the restraint on its monetary policy.

Third, the yuan’s exchange rate continued to return to its normal valuation. In the long

run, the yuan’s rate reflects changes in China’s economic fundamentals, with two-way fluctuations surrounding its eq

uilibrium exchange rate. In the third quarter of 2018, the effective exchange rate of the yuan was greatly lower than the equilibrium rate. I

n the fourth quarter, the yuan’s rate rebounded slightly, indicating the effective exchange rate had started to r

eturn to its equilibrium level. Due to the still existing gap between the effective rate and equilibrium rate, there is room

for the yuan’s rate to return to its valuation, conducive to further buffering of the external exchange rate risk.

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bilateral trade is expected to further increase provided that

there is a relatively stable world economy. The high-technology sector and e-commerce can be

especially fast-growing given their rapid development in both countries, Li Xin, director of the Ru

ssian Center for Central Asian Studies at the Shanghai Institute of International Studies, told the Global Times on Thursday.

Li added that some traditional industries, such as energy, could witness a decrease in total trade as international fuel prices decline.

The expansion in China-Russia trade in 2018 was largely due to stable international economic growth and a closer

bilateral relationship, rather than a consequence of the China-US trade dispute, Li said.

Both countries have introduced policies encouraging trade cooperation, and these policies have clearly borne fruit, Li said.

However, the US-China trade conflict, which is hitting global confidence, could potentially play hav

oc with the world economy including trade between China and Russia if it escalates further in 2019, according to Li.

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Investment can create ‘virtuous circle’ for CPECtan-based Is

After a suicide attack claimed by the Pakistan-based Islamist militant group Jaish-e-Mohammad (JeM) ki

lled at least 40 Indian paramilitary troopers in the Pulwama district, India has said it will en

sure the isolation of Pakistan in the international community and withdraw the Most Favored Nation status given to Pakistan.

China firmly opposes and strongly condemns all forms of terrorism. The country, also a victim of terrorism, is exp

ected to do what it can to provide support and assistance to India to enhance anti-terrorism cooperation.

However, if the terror attack leads to political and economic isolation, ordinary Pakistani p

eople will become the scapegoat of JeM. Poverty has more of a role in terrorism than some Indian ex

perts may believe. If foreign aid and investment can help Pakistan eliminate poverty, the growth environment for terrorism will be destroyed.

“China is promising about $3.5 billion to help bolster Pakistan’s dwindling foreign cash reserves” and pay fo

r the country’s socioeconomic development plans, the US-based Voice of America reported last week. Although the Chinese government ha

s not confirmed the news, it is unlikely that China will change its supportive attitude on the China-Pakistan Economic Corridor (CPEC).

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Meanwhile, Japan continued signing agreements with

one with the UK in 2017 and another with India the following year. By exploiting the power of these regional countries, Japan aims to secure military provisions for

its SDF in the Indo-Pacific region from the US, Canada, Australia and India and in the North Atlantic region from the US, the UK, France and Canada.

This has laid the foundation for Japan to broaden its SDF activities and ensure military provision with its partners. It is a sm

all-scale bilateral military alliance system centered on Japan. This shows Japan’s long-term strategic plan.

Since the 21st century, Japan has clearly labeled China as its biggest real and potential rival. Esp

ecially since Shinzo Abe took office, he spared no efforts at containing China. During Abe’s first te

rm, the Japanese government raised the idea of the “arc of freedom and prosperity.” When he became prime mini

ster for a second time, the policies advocated by his cabinet, including the values-based alliance, the alliance of m

aritime democracies, the democratic security diamond and the freedom corridor, have all kept China in focus.

Because of the ACSAs with Australia and India, Japan can militarily c

onstrain China’s Belt and Road Initiative in the Pacific and Indian Ocean regions. In the At

lantic, it can also exert forceful intervention in China’s policy in Europe, North Africa and West Africa.

In some areas where China’s military strength has not reached, Japan has crafted its military plan in advance by ut

ilizing its bilateral alliance system, trap-falling China’s military strategy into a passive position.

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Moreover, the number of Chinese who go abroad is closely

residents’ disposable income levels and income growth. Data from the National Bureau of Statistics (NBS) showed that in 2017, the per ca

pita disposable income of the high-income group reached 64,934 yuan ($9,604.71). For most of the residents in the high-inco

me group, overseas tours remain as a kind of luxury spending, thus the per capita disposable income for residents that traveled abroad

should be raised to at least 120,000 yuan a year. Yet this group probably numbers less than 100 mil

lion residents. In other words, the number of people who can afford the average cost of going abroad is theoretically less than 100 million.

Although many research institutions are optimistic about the development pr

ospects for Chinese people’s overseas tourism, the growth rate of private outbound trip

s was only 5.7 percent in 2017, compared to 22 percent in 2010 and 10.6 percent in 2015, showing a do

wnward trend. This may actually reflect the decline in the growth rate of disposable income.

I don’t agree with the so-called “consumption downgrade,” as the Engel coefficient – the propor

tion of money spent on food in household expenses – fell to 28.4 in 2018. Yet, the slowdown in consumption growth, increased leverage r

atio in home purchases and other factors have all impeded the pace of the consumption upgrade.

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Vice premier urges bolder, more effective measures imp

Chinese Vice Premier Han Zheng on Friday stressed to take bolder and more

effective measures to implement the proactive fiscal policy.

Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Co

mmittee, made the remarks when presiding over a meeting after an inspection of the Ministry of Finance (MOF).

At the meeting, Han studied major issues, including the launch of another round of tax cu

ts and fighting the “three critical battles” against risks, poverty and pollution.

The MOF should stick to the basic tone of seeking progress while maintaining stability, promote

high-quality development and take coordinated steps to ensure steady growth, advance reform, m

ake structural adjustments, improve living standards and guard against risks, Han stressed.

He said that larger tax cuts will be helpful in improving the co

untry’s income distribution system and the tax structure and better serve China’s current macro policy.

The MOF should relieve the social insurance payment burden of firms, strengthen the manag

ement of the fiscal revenue and expenditure and create a sound policy environment for fair competition, Han said.

Han underlined that measures should be in place to effectively prevent and handle financial risks, reinforce the

monitoring of the local government debt risk and deploy more funds to facilitate winning the battles against poverty and pollution.

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ang Haonan, who was believed to be the heaviest man

Wang, from Laiwu in East China’s Shandong province, stood at 334 kg at his heaviest. In July

2018, he underwent a weight-loss surgery in which four-fifths of his stomach was removed.

Half a year later, his weight has dropped to 192 kg.

Liu Shaozhuang, a doctor with Qilu Hospital of Shandong University in charge of Wang’s surgery, told Beijing Youth Daily the surgery h

as not had an impact on Wang’s digestion and he only needed to chew food well before swallowing it.

Wang revealed that a philosophy of “eat less, exercise more” was also a reason for his becoming thinner. He said he did not e

at any meat during the Spring Festival holiday, a traditional time for family reunion and feasting.

Wang suffers from fatty liver, heart and lung problems due to his obesity. These conditions have i

mproved after the surgery and sleep apnea due to snoring has also been alleviated, according to Liu.

Wang now has a body mass index (BMI) of 57.3, still well above the level of 24.5 for a healthy person, Liu said.

Wang said he aims to further reduce his weight to be less than 100 kg by the end of this year

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In recent years, the world’s major economies have take

China has been positioning itself as a key competitor in the global AI sector.

“The opportunity for AI in China is on a scale that demonstrates the transformative im

pact that the technology can have on society. It will also mean a ripple effect on the global economy in terms of accelerating inn

ovation, integration and efficiencies that pass through the supply chain globally,” said Anand Rao, global AI Leader at PwC.

Stanford University’s AI Index 2018 Annual Report found t

hat 83 percent of 2017 AI industry reports on Scopus’ citation database originated fr

om outside the US. Some 25 percent of these papers originated in China, behind only Europe with 28 percent.

The number of AI papers published in China grew 150 percent between 2007 and 2017, the report noted.

The China AI Development Report 2018, released by the China Institu

te for Science and Technology Policy at Tsinghua University, highlighted the vast pote

ntial of the AI sector in China, saying the country’s AI market surged by 67 percent year-on-year to hit 23.7 billion yu

an ($3.5 billion) in 2017. It found the top three segments were computer vision, and voice and natural language processing.

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