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MessagePosté le: Mer 10 Oct - 07:14 (2018)    Sujet du message: Cubs Munenori Kawasaki Jersey Répondre en citant

A government-backed think tank is predicting first quarter gross domestic product growth to fall to 6.85 percent Miami Marlins T-Shirts , as a vice-finance minister said this year could be the "most challenging" economic environment since the global financial crisis in 2008.

A report by the National Academy of Economic Strategy, under the Chinese Academy of Social Sciences, said GDP growth will slip from the fourth quarter's 7.3 percent and the key inflation gauge, the consumer price index, will rise 1.2 percent year-on-year in the first quarter.

If its prediction proves right Miami Marlins Hoodie , it would be the second-worst quarterly performance since the first quarter of 2009, when growth plunged to 6.1 percent in the aftermath of the global financial crisis.

Using a set of monthly data released by the National Bureau of Statistics, Bloomberg has calculated that monthly GDP growth in January slowed to 6.85 percent and 6.28 percent in February.

Wang Hongju, a CASS researcher, said Customized Marlins Jersey , however, that China has "ample ammunition" to deal with downward economic pressure in the second quarter, including reserve requirement ratio cuts, loan-deposit ratio adjustments and infrastructure spending.

The new CASS figures came as vice-minister of finance Zhu Guangyao said over the weekend that he considered the current international economic environment as the most challenging since the global financial crisis.

He told the China Development Forum that under current conditions the country should adopt a "proactive fiscal policy" while maintaining a prudent monetary policy that is "neither too loose nor too tight".

The government has expressed its willingness to allow its biggest ever budget deficit in 2015 since 2008 to support spending. The Ministry of Finance has also announced that local governments will be able to swap 1 trillion yuan ($161.2 billion) of maturing, high-interest local debt for new official municipal or provincial bonds Cheap Miami Marlins Jersey , to help ease their repayment burden.

Zhu said the swap arrangements would allow China to rein in possible risks from short-term local government bonds.

But the authorities, he emphasized, must prevent the problem of "moral hazard", without elaborating further, referring to an economic situation in which one party takes more risk because someone else is likely to bear the burden of that risk.

The ministry's priorities this year Marlins Wei-Yin Chen Jersey , he said, include structural tax cuts, especially unnecessary fees imposed on micro and small firms, and spending previously idle government funds.

He also said the government should reflect the massive stimulus policies adopted a few years ago. These policies are believed to be causes of the current economic woes.

Cai Hongbin, dean of Guanghua School of Management at Peking University Marlins Martin Prado Jersey , said despite ongoing challenges, the government - compared with some Western counterparts - has a "much more powerful" toolbox at its disposal to stabilize the economy.

However, he warned that China also has weaknesses in its "market mechanisms" too, for example an inflexible labor market and an inefficient financial market. "That's what the government has to fix, and the willingness to fix these shortfalls will determine business confidence and whether the investment environment recovers Marlins Marcell Ozuna Jersey ," he said.
" Netizens praise 2008 Beijing efforts
Chinese audiences are looking forward to the Rio Games, together with some other 3 billion people tuning in around the world as Brazil lifts the curtain on the first ever Olympic Games in South America, although Chinese have become less passionate about the event after Beijing's successful 2008 Games.

A stamp collector displays a set of special stamps issued for the 2016 Rio Olympic Games by China Post in Suzhou, East China's Jiangsu Province on Friday. The patterns on the stamps show Women's Volleyball and Men's Relay, two Olympic events. Photo: CFP

At an evening ceremony in the famed Maracana soccer stadium Marlins Jose Fernandez Jersey , Brazil declared open the 31st Summer Olympic Games. They will run until August 21.

Organizers are hoping the start of the Games will erase months of bad publicity for Rio - from polluted water to faulty plumbing at the athletes village to worries about the Zika virus - all against the backdrop of a brutal economic downturn, according to Reuters.

Security challenges in the sprawling beachside city are at the forefront of many people's mind, not only because of Rio's decades-old reputation for violent street crime, but also after a spate of deadly attacks at big and small celebrations from Europe to the US.

""The 2008 Olympics in Beijing was perfect and cannot be transcended,"" Sina Weibo user ""Dingding dangdang Dongdong"" commented Marlins Jeff Locke Jersey , adding that he was full of pride looking back at the grand opening ceremony eight years ago.

Many netizens have expressed similar sentiments, comparing the successful 2008 event with the problems around the current Games, especially security issues.

Chinese are concerned over the safety of their own teams after several Chinese athletes, delegation members, media workers and tourists have fallen victim to Rio's crime woes.

Many social media users ridiculed the Games in Brazil as the worst or poorest ever.

""Coming back alive"" should be Chinese athletes' priority Marlins Ichiro Suzuki Jersey , one Web user commented.

Some Net users claimed that attendance at Chinese athletes attend the Rio Games was similar to the hardships undergone by Xuanzang, a historical Tang Dynasty (618-907) monk and also a character in the Ming Dynasty (1368-1644) Chinese classic Journey To The West, in bringing Buddhist scriptures from India to China.

The Chinese Embassy in Brazil warned Chinese citizens on July 30 of possible robberies and theft in the Olympic host country.

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