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13.10.2018 03:29
Nowadays, the aftermath of the credit c Antworten

MANILA Nike Vapormax Flyknit White , Nov. 14 (Xinhua) -- China proposes to advance the construction of an East Asia Economic Community so as to promote regional integration and common development, Chinese Premier Li Keqiang said here Tuesday.


Li made the remarks when addressing the 20th ASEAN-China, Japan and Republic of Korea (10+3) leaders' meeting in the Philippine capital of Manila.


RIO DE JANEIRO, Nov. 8 (Xinhua) -- Brazil and Argentina are preparing a joint tourism promotion program in China to attract more visitors from the Asian giant, official sources announced Wednesday.


The president of the Brazilian tourism institute, Embratur, Vinicius Lummertz Nike Vapormax White , and the Argentinean tourism minister, Gustavo Santos, met in London on Wednesday during the World Travel Market in London.


They decided to carry out a joint promotion tour in the Chinese cities of Beijing, Shanghai and Guangzhou among others, Embratur said in a statement.


The governments of Brazil and Argentina have been trying to reach an agreement for two years on a joint tourism promotion effort in China.


"The Chinese market is very large and is growing. We have the problem of distance, but the joint initiative makes everything easier, with lower costs and simplified logistics. From the start Nike Vapormax Flyknit Black , we and Argentina have considered that, since Asian and American travellers to Europe visit two or more countries, why not offer the same in South America," commented Lummertz.


Santos added that "while they have the Great Wall, one of the wonders of the world, we have the Iguazu Waterfalls, another marvel. We are brothers through this and we need to bring our people together Nike Vapormax Black , and promote all this more."


Santos also asked the Brazilian government to adopt "a more flexible policy in terms of the visa demands for China tourists."


Embratur said that China accounts for more international travellers than any other country, with 130 million Chinese citizens travelling abroad last year, but with only around 60,000 visiting Brazil.


NEW YORK, Aug. 9 (Xinhua) -- The international financial system has become stable and global economy is tepidly recovering with China in the lead, after experiencing the world financial crisis which started ten years ago, experts have said.


On Aug. 9 Nike Vapormax Flyknit , 2007, generally considered as the start of the global financial crisis, French Bank BNP Paribas, one of the largest banks in Europe, froze three funds claimed by investors over the U.S. subprime mortgage exposure.


The move sparked the worst financial crisis since the Great Depression in 1929.


CHINA LEADS RECOVERY


When the global economy faced pressure from the crisis, China stood out and helped to pull the world out from receding.


Ten years on, global economy recovery is on firmer footing and China Nike Vapormax , the greatest contributor to global economic growths, continues to expand its economy in a rapid pace.


"Global growth continues to trend higher at a tepid rate despite exceedingly low interest rates in developed economies such as the United States, Europe and Japan," Brendan Ahern, chief investment officer of Krane Funds Advisors, told Xinhua on Wednesday.


"China's robust economic readings are a strong indication that the global economy continues to recover from the economic crisis ten years ago," said Ahern.


In the first half of this year Nike Air Vapormax Flyknit Navy , China's economy continued its steady expansion with its gross domestic product (GDP) up 6.9 percent year-on-year, well above economists' estimates, data from the National Bureau of Statistics showed in July.


"China's economy continues to grow at a rate far above global peers," Ahern said.


The International Monetary Fund (IMF) revised up China's 2017 growth at 6.7 percent, 0.1 percentage points higher than its last estimate. Many big banks, like JPMorgan and Citigroup, also raised their annual growth forecasts for China.


"China will continue to play a pivotal role in the global economy Nike Air Vapormax Navy ," Ahern said.


"We believe domestic consumption will continue to grow in prominence and strengthen China's overall economy," said Ahern. "Policy makers should be congratulated for their foresight in promoting domestic consumption through economic incentives and supportive reforms."


LONG LEGACY


Nowadays, the aftermath of the credit crunch continues to teach us a lesson in financial regulation.


A decade ago, the credit crash rang as an alarm, and central banks worldwide were desperate to save the global financial system and make it more resilient.


The U.S. Federal Reserve, European Central bank, and their counterparts bought up toxic assets Nike Air Vapormax Flyknit Gold , lowered interest rates and injected liquidity through bond-purchase programs.


The reforms in economic and financial infrastructure, to some extent, led the world economy to a stable recovery since the financial meltdown.


The pickup in global growth recovery remains on track, the IMF said in its latest World Economic Outlook report, maintaining its previous forecast of global growth at 3.5 percent and 3.6 percent respectively for 2017 and 2018.


"The global economy is gradually improving," said Mark Newton, a Newton Advisors owner & technical analyst Nike Air Vapormax Gold , "we have certainly started picking up steam, which is a good thing."


Financial institutions have learned to restrict speculative trading thanks to a batch of tightened financial regulations including the Dodd-Frank law in the United States.


All major U.S. banks passed stress tests by the Fed and have robust capital levels to withstand a severe recession.


Fed Chair Janet Yellen even said recently that she does not believe that there will be another financial crisis "in our lifetime," and the banking system is "very much stronger."


Top political advisor calls for progress in ethnic unity


Aftermath of 7.0-magnitude quake in Jiuzhaigou, SW China


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