BRASILIA http://www.airforce1clearance.us/ , July 26 (Xinhua) -- China's better-than-expected economic growth has a positive impact on Brazil's otherwise flagging economy, especially in the primary products sector, said a leading economist.
Jose Luiz Oreiro, professor of economics at the University of Brasilia, said he believes China's 6.9-percent GDP growth in the first half of 2017 has helped to lift Brazil out of its economic doldrums.
"In the first quarter, the only sector that saw real growth in Brazil was agribusiness with a 13-percent increase Wholesale Nike Air Force Ones Clearance ," said Oreiro, adding that "steel also has reasonable prices due to China's growth, so China's added growth has been good news for the Brazilian economy."
As to China's economic indicators announced last week, the economist said "the result does not surprise me. We expected to see a more moderate growth in China compared to previous years (with a double-digit growth), so the 6-7 percent growth per year is a new norm."
China's economic growth helped sustain the prices of Brazil's commodity exports, offset slowdowns in other sectors of Latin America's largest economy Nike Air Force Ones High Clearance , and also signaled a coming recovery for the global economy, which has been struggling since the 2008 financial crisis, said Oreiro.
"The global economy appears to be getting into third gear. The developed economies are seeing sped-up growth. As the world's second largest economy, China's accelerating growth is important in providing a greater impetus to the global economic growth," said the economist.
However, the main challenge for China will be to reduce its "huge savings rate" to sustain a new growth model that relies more on domestic consumption.
"China will have to put in place social security policies Nike Air Force Ones Mid Clearance , state-paid pensions, a universal public health system, etc. to reduce the savings rate and promote spending, since the Chinese middle class will no longer need to save for medical treatment and thus will buy more consumer goods," he said.
"It is the transition China needs to complete, so that its consumption will represent a larger GDP share. In recent decades Nike Air Force Ones Low Clearance , the Chinese economy has been driven by investments and exports, now it needs to give a greater role to spending," said Oreiro.
The outlook for Brazil's economy remains "very bad" though a slight growth was registered in the first quarter of 2017, thanks to a bumper harvest of soy and grains, Oreiro said, adding that "the effect won't last Nike Air Force Ones Mens Clearance , and my forecast for 2017 Brazilian economy is zero percent growth."
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HO CHI MINH CITY, Feb. 11 (Xinhua) -- Vietnam will issue international driving licenses with information in English Nike Air Force Ones Womens Clearance , French, Russian, Spanish and Vietnamese, specifying the type of vehicle that the holder is allowed to use, local media reported Wednesday.
This type of driving license will be issued in accordance with international standards in the form of a passport, and will be valid in 85 countries and territories which participated in the 1968 International Convention on Road Traffic and the Convention on the Road Signs (Vienna Convention) Nike Air Force Ones Clearance Online , the VietnamNet Bridge daily quoted an official from the Vietnam Road Administration (VRA) as saying.
VRA has submitted a Circular guiding the issuance of international driving licenses to the Ministry of Transport for approval, which is expected to take effect in the first quarter of this year, said Nguyen Van Huyen, VRA's Director General.
According to VRA, the international driving license, which will be granted to Vietnamese citizens Nike Air Force Ones Shoes Clearance , valid from one to three years, can be used in most European countries and five Southeast Asian countries including Vietnam, Myanmar, the Philippines, Thailand and Indonesia.
Initially, the licence will be issued in capital Hanoi and southern Ho Chi Minh City only Cheap Nike Air Force Ones Clearance , with the issuance fee of 135,000 VND (roughly 6 U.S. dollars).
A scene from this year's Golden Globe nominee Birdman, starring Michael Keaton. A scene from Golden Globe nominee, The Theory of Everything. Foxcatcher is another Golden Globe nominee which will soon be available on Chinese video sites. A poster for Map to the Stars. Western movies have become a major selling point for several Chinese video sites.
Chinese video websites increasingly enable audiences in the country to easily view more Western movies sooner after their overseas releases. Han Bingbin reports.
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