Maurice Obstfeld (2nd R), chief economist at the International Monetary Fund (IMF), attends a press briefing at the IMF headquarters in Washington D.C.,
the United States, on Oct. 10, 2017. The IMF on Tuesday raised its global growth
forecast for 2017 and 2018 due to a broad-based recovery in Europe puma suede heart satin uk , China, Japan and the United States. (XinhuaYin Bogu)
In its latest World Economic Outlook, the IMF expected the Chinese economy to grow 6.8 percent this year and 6.5 percent next year, both 0.1 percentage point
higher than its previous forecast in July.
The upward revision to the 2017 forecast reflects "the stronger-than-expected outturn in the first half of the year underpinned by previous policy easing and
supply-side reforms," the IMF said.
China's economy expanded 6.9 percent in the first half of this year, well above the government's yearly target of 6.5 percent.
The upward revision to the 2018 forecast mainly reflects an expectation that "authorities will maintain a sufficiently expansionary policy mix" to meet their
target of doubling real gross domestic product (GDP) between 2010 and 2020,
according to the IMF.
While China's growth rates for 2019 to 2022 have similarly been revised upward by 0.2 percentage point on average puma basket heart patent uk , the IMF urged the Chinese authorities to intensify their recent efforts to rein in credit expansion and strengthen financial
resilience.
"It would be advisable to deemphasize near-term growth targets and focus more on reforms that would enhance the sustainability of growth," the IMF said.
James Daniel, assistant director of the Asia and Pacific Department of the IMF and its mission chief for China, told Xinhua in a recent interview that the
strong growth momentum this year has paved way for policymakers to accelerate
needed reforms and achieve safer and more sustainable growth over the medium and
long term.
"Now it is time to do so...that requires reforms to make growth less reliant on credit, less reliant on debt, less reliant on investment," he said.
TEHRAN puma fenty bow slides uk , May 14 (Xinhua) -- Promotion of ties with Saudi Arabia is on Iran's agenda, a government spokesman said here on Wednesday, one day after
remarks by the Saudi foreign minister that Riyadh stands ready to talk with Iran
to improve bilateral relations.
The official IRNA news agency quoted government spokesman Mohammad Baqer Nobakht as saying that the expansion of Iran-Saudi cooperation would benefit
both countries and the entire region.
Also on Wednesday, Iran's Deputy Foreign Minister for Arab and African Affairs Hossein Amir-Abdollahian said a meeting between Iranian Foreign Minister
Mohammad Javad Zarif and his Saudi counterpart, Prince Saud al-Faisal, is on
Tehran's agenda, although no written invitation has been received from
al-Faisal puma fenty bow creepers uk , Press TV reported.
"We welcome negotiation and meeting in order to help resolve regional problems, clear misunderstandings and further expand bilateral relations," Press
TV quoted Amir-Abdollahian as saying.
Relations between Iran and Saudi Arabia, strained since the 1979 Islamic Revolution, have remained tense over their differences over regional issues such
as the situation in Syria and Bahrain.
A meeting between the foreign ministers would signal an easing of tensions between the two neighbors.
NEW YORK, July 23 (Xinhua) -- U.S. stocks closed mixed Wednesday, with the S&P 500 logging both record intraday and closing highs on soaring shares of
Apple which unveiled its closely-watched earnings results late Tuesday.
The Dow Jones Industrial Average dropped 26.91 points www.spensus.com , or 0.16 percent, to 17,086.63. The S&P 500 added 3.48 points, or 0.18 percent, to 1,987.01, a
record closing high puma fenty fur slides uk , after hitting a new all-time intraday high of 1,989.23 points earlier. The Nasdaq
Composite Index was up 17.68 points, or 0.40 percent, to 4,473.70.
The Nasdaq outperformed the other two indices, as Apple, the biggest heavyweight in the tech-rich index puma fenty slippers uk , provided a boost, jumping 2.61 percent to 97.19 U.S. dollars apiece.
The iPhone maker posted quarterly revenue of 37.4 billion dollars and quarterly net profit of 7.7 billion dollars, or 1.28 dollars per diluted share,
for the fiscal third quarter of 2014. Its earnings topped market expectations,
but revenue trailed forecast.
Also late Tuesday, Microsoft, the world's largest software company puma the fur slide uk , posted better-than-expected quarterly revenue, but missed analyst estimates on earnings mainly due to its acquisition of Nokia's
struggling handset business. The tech giant's shares advanced 0.09 percent to
44.87 dollars apiece.
After Wednesday's closing bell, social networking company Facebook beat market expectations both on earnings and revenue in the second quarter of the
year. The company's shares fluctuated in after-hours trading.
The Dow was dragged on by one of its components Boeing which slipped 2.34 percent to 126.71 dollars apiece as its quarterly revenue missed market
consensus.
Another Dow constituent AT&T disappointed Wall Street both on its quarterly earnings and revenue shortly after the closing bell.
On the economic front, U.S. mortgage applications increased 2.4 percent for the week ending July 18 from one week earlier, according to data from the
Mortgage Bankers Association.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, tumbled 5.88 percent to end at 11.52 on Wednesday.
In other markets puma fur slides uk , crude prices gained Wednesday as a government report showed that U.S. crude supplies fell
last week. Light, sweet crude for September delivery moved up 73 cents to settle
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