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BEIJING Cheap Nike Air VaporMax Flyknit 2.0 , 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, 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 Cheap Nike Air VaporMax Flyknit , 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, 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 Cheap Nike Air VaporMax Inneva , 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, the State Council said overseas investment in areas including real estate, hotels Cheap Nike Air VaporMax Utility , cinemas, the entertainment industry and sports clubs will be limited, 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 Cheap Nike Air VaporMax Moc 2 , 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,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 Cheap Nike Air Vapormax 2018 , road and building construction, housing,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
Roger Federer says he's a big believer in kids playing sport, but he's not keen on his own children following in his footsteps.
The Swiss great and wife Mirka had identical twins Myla Rose and Charlene Riva in 2009 and another set came along five years later, Leo and Lenny.
Switzerland's Roger Federer celebrates beating France's Richard Gasquet in their men's singles third round match on day six of the Australian Open tennis tournament in Melbourne on January 20, 2018 AFP
They are occasionally seen watching their dad ply his trade Cheap Nike Air Max TN Mens , but after years travelling the world on the tennis tour, the 36-year-old would prefer not to have to do it all over again.
"I mean, I hope they don't just because we don't need another 25 years on tour," he said at the Australian Open when asked if he would encourage them to be professional players.
But he added: "No, I'm just a supportive parent. I can't tell which direction they're going to go.
"If there's going to be anything in sports or somewhere in finance or business, I have no idea where they're going to go. All I know is I'll be incredibly supportive of them."
He did reveal they already play tennis Cheap Nike Air Max TN Womens , not because he has been encouraging them, but because their friends all do and he doesn't want them to feel left out.
"I'm happy they all do play tennis a little bit because basically literally all our friends who have kids as well, they all play tennis," he said.
"I wouldn't want my kids to be the only ones who don't play tennis, so with my wife we have sort of a little requirement on things they have to do in their life, and tennis is unfortunately one of them.
"It's not because we want them to. It's because I think it would be a pity if they played no tennis at all."
Despite the reluctance for his children to follow in his footsteps Cheap Nike Air Max Plus TN Ultra , Federer, who is chasing a 20th Grand Slam in . |
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