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April 8 and was succeeded by Wang, former director of the Dunhuang Academy.
Shan is well known for his innovative changes to the Palace Museu
m, such as the introduction of a light show during the Lantern Festival.
By the end of 2018 over 80 percent of the Forbidden City had opened to visitors, compared with only 52 percent in 2014.
The Palace Museum established the Palace Museum Research Institute in Nove
mber 2013 as an unincorporated organization for scholarly inquiry and exchange.
The institute includes Palace Museum Institute researchers, scholars in the Palace Museum, and oth
er Chinese and international scholars, all coming together in an atmosphere of open scholarly exchange.
With a sustainable approach, the academy seeks to lead in scholarly developme
nt, formulate research strategies, evaluate scholarly writings, realize Palace Museum research goals, tra
in talent, publish quality material, and conduct international academic exchange.
pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.
The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.
Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern
ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar
ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.
“According to the latest economic data, there is less necessity for RR
R cuts, but it requires further observation on future changes,” said Sheng.
If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi
ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.