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ation to moderate

AMSTERDAM Authentic Julio Jones Jersey , July 14 (Xinhua) -- Chinese villagers are taking a Dutch art collector to court here over ownership of a Buddha statue containing a mummified body.


The Buddha statue with an intact mummified body inside was stolen from a temple in 1995 after being worshipped for centuries in the small eastern Chinese village of Yangchun in Fujian Province.


The Dutch collector Oscar van Overeem said he collected the 11th-century relic in Hong Kong in 1996, one year after the disappearance of the statue.


Missing for two decades, the Buddha statue resurfaced when villagers recognized it at the "Mummy World Exhibition" in Budapest, Hungary.


The Dutch collector originally agreed to return it if his conditions were met. When negotiations failed, the villagers filed a lawsuit against him in the Dutch court.


The villagers now are entitled by the Amsterdam District Court to claim the relic and restore it to its rightful place, their hometown.


However, van Overeem said that the Buddha statue that he bought is not the stolen statue from the small village in China.


The Chinese characters of "Liu Quan," the name of Zhang Gong as well as "Pu Zhao Tang," the name of the village temple which were written on the linen roll found in the statue make it obvious that this statue is the one stolen from the village.


The lawyers representing the villagers used an argument under Dutch law that says "a person is not allowed to have a corpse of an identifiable person in their possession."


Yet the Dutch collector argued that what was discovered in the statue was not a "corpse" but "human remains" because "most of the organs are absent."


The defendant said that he swapped the statue for several Buddhist art objects from the private collection of a third party on Nov. 29, 2015 and committed not to disclose the third party's identity.


Now the villagers are asking the court to demand the Dutch collector disclose the "exchange agreement" and the identity of the "third party." For them, the exchange agreement is contrary to common decency and public order and therefore is void.


The case is being closely watched as it could mark the first successful retrieval of Chinese relics in court. Previous relics have been returned to their rightful owners through diplomatic channels.


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KUALA LUMPUR, Sept. 7 (Xinhua) -- Bank Negara Malaysia (BNM), the country's central bank, left its Overnight Policy Rate (OPR) unchanged at 3 percent Thursday.


"At the current level of the OPR, the stance of monetary policy remains accommodative," BNM said in a statement.


The BNM said it expects the country's economic growth this year stronger than earlier expected, sustained by the more positive global growth outlook and stronger spillovers from the external sector to the domestic economy.


Domestic demand will remain the key driver of growth, supported by improving incomes and overall labor market conditions, new and ongoing infrastructure projects and sustained capital investment by firms in the manufacturing and services sectors, it added.


Malaysia recorded a higher economic growth of 5.8 percent in the second quarter, driven by firmer domestic activity and exports.


While expecting the global growth momentum to sustain, the central bank noted, it may be affected by political and policy developments in major economies and geopolitical risks.


Meanwhile, the BNM projected the headline inflation to moderate on expectation of a smaller effect from global cost factors.


The central bank also said, the ringgit, Malaysia's currency, has strengthened to better reflect the country's economic fundamentals.


The domestic financial markets have been resilient; banking system liquidity remains sufficient with financial institutions continuing to operate with strong capital and liquidity buffers, it said.


Economists said they were not surprised by the BNM's maintaining policy, and expected the central bank continue to do so in this year.


"There is little need for additional monetary policy support. While we expect growth to ease a little over the second half, it is still set to hold up pretty well," Capital Economics said in a report Thursday.


Another reason the research house cited is the impact a change of monetary policy could have on the country's currency.


"Although the ringgit has been fairly stable against the U.S. dollar over the past few months, it remains vulnerable to swing in global risk aversion," it added.


The OCBC Bank also said in a report Thursday, it showed the BNM's reluctance to move rates since its surprise cut in July last year.


"With the healthy growth prints and tame inflation, there is likely little motivation for policy makers to move rates anytime soon," it said.


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