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    June 12, 2018 2:40 AM EDT

    BEIJING jordan 12 doernbecher mens , Oct. 24 (Xinhua) -- Worries from some observers about a "hard landing" of China's economy have eased as China's gross domestic product (GDP) in the third quarter shows signs of sound and sustainable growth, although skepticism about China's reform remains.


    China's GDP climbed 7.8 percent in the third quarter compared to a year ago, well above the full-year target of 7.5 percent, the National Bureau of Statistics said.


    The third-quarter result is in line with market expectations and keeps the country on track to meet its 7.5-percent annual growth target, though growth may dip again in the final quarter.


    However , some observers remain skeptical of China's reform as the Shanghai pilot free trade zone still imposes many restrictions on investors.


    "The wide-ranging restrictions reflect jockeying among Chinese agencies over how broadly and quickly to open cloistered sectors to foreign competition," the Wall Street Journal said.


    The Shanghai pilot free trade zone tried to relax restrictions on financial and service regulations, which could be rejected by some governmental agencies and large state-owned enterprises, Japanese newspaper Asahi Shimbun said.


    As a matter of fact, this skepticism is groundless. The Shanghai free trade zone started a series of reforms cheap air jordan 12 doernbecher , which included the testing of a convertible yuan and wider opening of 18 service sectors.


    Those measures are expected to unleash economic potential in the zone over the next two to three years.


    J.P. Morgan China economist Zhu Haibin suggested looking at the bigger picture, saying that reform in the free trade zone does not only concern the financial sector.


    "Reform in the zone covers multiple areas of trade, investment, finance and administrative management, with its core being a re-definition of the relationship between the government and the market air jordan 12 retro doernbecher ," Zhu said.


    China has vowed to accelerate economic transformation, make full use of fiscal, financial and pricing and other policy instruments, and pursue reforms of the budgetary system to make it more open, transparent air jordan 12 doernbecher for sale , standardized and inclusive.


    Chinese Premier Li Keqiang on Monday said stepped-up reform will yield more systematic dividends and China's economy has a good foundation for sustainable and healthy growth.


    The Chinese government has pledged to deepen reforms concerning matters subject to government examination and approval, so as to provide quality public services and maintain social fairness and justice.


    Less tax for small businesses and more financial support for local government are both on the cards as the Chinese leadership considers how to reform the fiscal system.


    Fiscal reform is crucial to China's economic overhaul. Over-reliance on land sales for fiscal revenue and poor real estate market control are at the heart of changes to the tax system.


    The concrete actions of pushing ahead with administrative, financial and tax reforms highlight China's determination to make sustainable and healthy economic growth.


    "In advancing reform, the important thing is to take action," Chinese Premier Li Keqiang said. "Talking the talk is not as good as walking the walk."


    BEIJING air jordan 12 doernbecher freestyle , Dec. 14 (Xinhua) -- The central bank's yuan funds outstanding for foreign exchange increased for the third month in a row in November, a sign of eased capital flight pressure.


    The funds grew by 2.37 billion yuan (359 million U.S. dollars) in November, compared with an increase of 2.1 billion yuan in October, according to the data from the People's Bank of China Thursday.


    As the Chinese currency is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by China's trade surplus and foreign investment in the country air jordan 12 doernbecher release , adding funds to the money market.


    Such funds are an important indicator of cross-border foreign capital flows and domestic yuan liquidity. An increase in the funds usually signals eased capital flight pressure, while a decrease often means higher capital flight pressure.


    Analysts partly attributed the increase in November to a stronger yuan that discouraged capital outflow. The value of the Chinese currency rallied due to a weaker U.S. dollar and the firming-up of the Chinese economy.


    Capital flight was seen as a major risk for China early this year. A faltering U.S. dollar and a stronger Chinese economy helped the yuan stage a turnaround, bolstering confidence in the economy.


    Measured by the central parity rate, the yuan has appreciated more than 4 percent against the dollar this year.


    The rise of the funds was in line with the upward trend of foreign exchange reserves, which rose for the 10th month in a row to over 3.1 trillion U.S. dollars at the end of November air jordan 12 doernbecher 2017 , according to the central bank.




    KIEV, Jan. 29 (Xinhua) -- The Ukrainian economy is getting on the right track despite an ongoing political crisis fueled by anti-government protests, Acting Prime Minister Sergey Arbuzov said Wednesday.


    "Despite the tense situation in the society, the president and the government managed to keep control over Ukraine's economy and budget system," Arbuzov told a cabinet meeting.


    Ukraine's banking system remains in a strong position as the central bank permanently injects liquidity to the market air jordan 12 doernbecher , supporting the country's economic performance, he said.


    Despite the ongoing political crisis, the government managed to ensure social safety while paying welfare benefits to vulnerable groups fully and in time, Arbuzov added.


    The cabinet is also trying its best to protect the image of the East European country as a reliable partner on the world arena, he said.


    Arbuzov took over from Prime Minister Mykola Azarov on Tuesday cheap jordan 12 doernbecher , who decided to quit over the political crisis.




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