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BEIJING Derek Rivers Youth Jersey , Nov. 7 (Xinhua) -- China's forex reserves rose for the ninth month in a row in October as pressure of capital outflow continued to ease, data from the central bank showed Tuesday.


Forex reserves had amounted to 3.1092 trillion U.S. dollars by the end of October, up 703 million dollars from a month earlier, according to the People's Bank of China Malcom Brown Youth Jersey , the central bank.


Although slightly below market forecasts, it is the first time the reserves have expanded for so long since June 2014.


In an online statement, the State Administration of Foreign Exchange (SAFE) attributed the rise to stable cross-border capital flows and balanced supply-demand in the foreign exchange market.


Climbing asset prices in the global financial market also pushed up the stockpile, the statement added.


There had been concerns over capital flowing out of China in the second half of 2016 Joe Thuney Youth Jersey , when the economy was under pressure and the yuan was in the middle of a losing streak against the U.S. dollar.


In January, China's foreign exchange reserves fell below 3 trillion U.S. dollars, but as the economy is on a firmer footing and the yuan continues to stabilize, the stockpile has increased steadily since February.


China's economy expanded 6.9 percent year on year in the first three quarters Deatrich Wise Jr. Youth Jersey , above the government target of 6.5 percent for 2017.


The stabilizing growth and improved economic structure have led to more balanced cross-border capital flows, the SAFE noted.


The SAFE said the foundation for balanced flows will become more solid as confidence in China's economy builds following the 19th National Congress of the Communist Party of China, predicting the reserves to gradually pick up and stabilize.


Authorities have tightened controls on aggressive overseas acquisitions by companies including Dalian Wanda, HNA Group Co. and Anbang Insurance Group.


In August Devin McCourty Youth Jersey , the State Council said overseas investment in areas including real estate, hotels, cinemas, the entertainment industry and sports clubs will be limited Stephen Gostkowski Youth Jersey , while investment in some sectors such as gambling will be banned.


The document also imposed restrictions on the setting up of overseas private equity funds or other investment platforms without specific projects and limited investment that does not meet technological, environmental, or safety standards of the destinations.


Tuesday's data also showed gold reserves falling to 75.2 billion dollars by the end of October from 76 billion dollars at the end of September.




ADDIS ABABA, Aug. 11 (Xinhua) -- Ethiopia has formed a new taskforce to fight corruption consisting of key government institutionsas the East African nations engages in a massive anti-corruptioncrackdown.


The statement was made to Ethiopia state media on Friday byAkiliu Mulugeta Dont'a Hightower Youth Jersey , corruption prevention director at EthiopianFederal Ethics and Anti-Corruption Commission (FEACC), explainingthat the new task force will have members from FEACC itself,Federal Attorney General, Ethiopian Federal Police Commission James White Youth Jersey ,Addis Ababa Police Commission and Ethiopian Revenue and CustomsAuthority (ERCA).


The announcement coincided with the arrest of dozens of businesspeople, brokers and senior government officials in ananti-corruption crackdown that is the biggest in Ethiopia foryears.


Assets of hundreds of individuals and several businesses havealso been frozen in the anti-corruption crackdown.


Sugar development, road and building construction, housing Tom Brady Youth Jersey ,financial institutions and officials from Addis Ababa cityadministration in particular have consisted the bulk of thearrested individuals.


Ethiopian government has identified corruption and rent seekingactivities as part of the reason Ethiopia was rocked by sweepingunrest in 2016.


The Ethiopian government has since then promised to crack downon grand scale corruption which has afflicted one of the world'sfastest growing economies. Enditem




SYDNEY， March 23 (Xinhua) -- Innovation and new technology are at the core of Chinese and Australian economies in the future， and cooperation is highly beneficial as both countries are undertaking economic transitions， experts said.


Laurie Pearcey， executive director of the University of New South Wales International， told Xinhua that he believed more young Australian entrepreneurs would go to China to start up businesses， and vice verse.


Given Australia's capacity to deliver world-class research across a number of key areas of huge relevance to China's economy， there's massive potential to achieve mutually beneficial win-win outcomes， Pearcey said.


Much-needed investment， development and research in things like "new energy， pharmaceuticals， big data， the Internet of things and also practical challenges like how China's pension fund system would evolve to meet the needs of China's aging population， are the sort of things that represent a key part of Australia's and China's shared future，" he said.


Australian entrepreneur Pete Cooper echoed these remarks， saying that the next generation of technology producers coming out of China would be fascinating， because "they are outward-looking， used to Western lifestyles through social media and very well placed to spot opportunities for cooperation in business."


Companies like e-commerce giant Alibaba were already working to create jobs among Australia's diverse collection of small to medium business enterprises， he said. "Australia is fortunate to have such a deep cultural and commercial relationship with China."


The outward-looking businessman has spent over a decade doing all he could to promote the startup technology sector from his home base in Sydney.


After years of living and working with banking and software firms in Asia， Cooper decided to refocus his efforts to build a culture of innovation in Au. Cheap Jerseys China Online Cheap Kids Jerseys Cheap Youth Jerseys Cheap Soccer Jerseys China Cheap NHL Shirts Cheap NBA Hoodies Cheap MLB Hats Cheap Soccer Shirts Free Shipping Cheap NFL Hats Free Shipping Wholesale Shirts