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A total of 350 vehicles are to be loaded on a cargo ship for export at a port in Lianyungang nike air force1 high womens , east China's Jiangsu Province, Jan. 9, 2016. (Xinhua file photoWang Chun)
China's economy will follow an L-shaped path as downward pressures weigh and new growth momentum has yet to pick up, the People's Daily on Monday quoted an "authoritative figure" as saying in an exclusive interview.

The country's economic growth, which slowed to its lowest level after the global financial crisis, will not see a U-shaped or a V-shaped rebound, but follow an L-shaped path going forward, the source said.

The People's Daily, flagship newspaper of the ruling Communist Party of China, did not disclose the name of the source, but the term "authoritative figure" is usually used for high-level officials.

The source said China's economic growth has been stable and "within expectations," but warned of emerging problems such as a real estate bubble, industrial overcapacity, rising non-performing loans, local government debt and financial market risks.

High leverage is the "original sin" that leads to risks in the market for foreign exchange, stocks, bonds, real estate and bank credit, the person was cited as saying.

According to the authoritative figure, the country should make deleveraging a priority, and the "fantasy" of stimulating the economy through monetary easing should be dropped. The country needs to be proactive in dealing with rising bad loans, rather than hiding them.

The economy enjoys huge potential, high resilience and ample leeway, which means its growth will not plunge, even without stimulus policies, the authoritative figure said.

China will avoid a massive stimulus plan to boost growth, which would have a short-term effect but risk long-term damage. Instead, the country has chosen a much harder but more sustainable path of development in pursuing supply-side structural reform, according to the source.

The stock market, foreign exchange market and real estate market should return to their respective functions instead of being used at means of maintaining economic growth, the source said.

by John Kwoba

NAIROBI, Mar. 26 (Xinhua) -- Debate on the future of cross country will still emerge in Guiyang nike air force1 07 womens , China when over 50 countries converge for the event on Saturday.

Year after year, African runners have proven their domination of cross country; they decide the outcome in all four races. The top ten finishers in each of the four races in the last three meetings have all been African-born runners.

Qatar, Bahrain, Turkey nike air force1 low womens , have also had athletes performing well in the discipline.

However, most of these nations have imports from Africa and would pass as either Kenyan, Eritreans or Ethiopia. But the emergence of Uganda, U.S and China nike air force1 white womens , especially in youth cadres will certainly raise the interest in the event.

Unlike in Bydgoszcz, Poland, one difference in Guiyang will be the weather conditions. While freezing temperatures and snow greeted the runners in Bydgoszcz, warm and moist conditions are forecast on Saturday.

Outside Africa nike air force1 split womens , bronze medallist in senior men's race Chris Derrick of the United States will be the athlete to beat.

The 24-year-old is in better form than he was in 2013 when he finished 10th.

European cross-country champion Polat Kemboi Arikan from Turkey leads his continent's prospects along with renowned cross-country exponent Hassan Chahdi from France, who recently posted a 1:01:38 half marathon debut in Paris.

But the acknowledgment by IAAF President Lamine Diack that the domination of cross country running by Kenya and Ethiopia is killing the sport.

At their council meeting in Berlin, the International Association of Athletics Federations ruled that the World Cross Country Championships will now be held once every two years rather than annually.

The IAAF council members argued that this would allow the continents to organize continental championships on the alternate years.

This is after Kenya and Ethiopia dominated the discipline so much that European television interest in the sport has taken a nosedive.

"The World Cross Country championships have become not only an African affair but an East African affair, and these days you don' t even get athletes from West Africa competing nike air force1 reimagined womens ," IAAF president Lamine Diack.

Yet, in Guiyang, there will be more than enough at stake to inspire even the lame to leap and clear the race.

No less than 280,000 U.S. dollars in prize money will be paid out by the IAAF to the leading runners in the two senior races at the IAAF World Cross Country Championships.

A first prize of 30 nike air force1 foamposite womens ,000 dollars will be awarded to each individual winner of the men's and women's senior races, with money available down to sixth place. In total, 140,000 dollars is on offer for individual prizes.

And after months of preparations nike air force1 nyc womens , the Chinese lakeside city of Guiyang is ready to welcome more than 400 runners from 51 different countries.

The championships course is located in a mountainous area approximately 30km away from the city and is set in and around a horse racing circuit.

It is a facility which has since 2000 hosted Asian and national cross-country championships.

After Guiyang, the event will return to Africa for the third time in Kampala in 2017. Only Johannesburg (1999) and Mombasa ( 2007) have hosted the event before in the continent.

GAZA, Aug. 29 (Xinhua) -- The fragility and conflicts in the Middle East region can be blamed on the failure of governments to address water scarcity, local media cited a World Bank report as saying Tuesday.

More than 60 percent of the region's population live in areas under high or very high water stress compared to just 35 percent worldwide nike air force1 lny womens , the report said.

Currently, more than half of waste water in the region is dumpe. Cheap Jerseys From China Cheap Sports Jerseys Cheap Jerseys China Cheap Replica Jerseys Cheap Jerseys From China Cheap NHL Jerseys Wholesale Cheap NFL Jerseys Wholesale Cheap Basketball Jerseys China Cheap Authentic Baseball Jerseys Cheap College Jerseys China

10 lis 2018, 02:58
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