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ding2018 Jun 6

BEIJING saucony shadow original uomo , July 9 (Xinhua) -- China has been resolute in containing leverage and financial risks, as it endeavors to trade short-term deleveraging pains for the long-term health of the economy.

The People's Bank of China (PBOC) increased cash injections early in June to shore up liquidity, fueling speculation that the authorities were flinching from their ongoing deleveraging campaign.

Yet the PBOC shifted its tactic dramatically in late June and starkly reduced cash injections.

On Friday, the PBOC refrained once again from open market operations, on the grounds that liquidity within the banking system remained ample.

That made Friday the 11th successive trading day of open market suspension, and the maturation of 20 billion yuan (2.9 billion U.S. dollars) in reverse repos has led to a net liquidity contraction of 630 billion yuan in total since June 22.

To further quash speculation saucony shadow saldi , the PBOC reiterated this week that it would continue with prudent and neutral monetary policy, use a range of monetary policy tools to maintain stable liquidity and place more importance on the prevention and control of financial risk.

Analysts said that given the Chinese leadership's strong determination and steady growth of the economy, the deleveraging was unlikely to reverse.

Calling the campaign a medium-term task, Citic Securities analyst Ming Ming said it would last a long while and remain unchanged, but the pace and intensity of policies would be fine-tuned to adapt to change.p Ming said China's deleveraging policies so far had been effective, proactive and scientific saucony shadow italia , and yielded results.

Growth of China's broad measure of money supply, M2, hit a record low in May.

Banks' outstanding wealth management products (WMPs) totaled 28.4 trillion yuan at the end of May, down from 30 trillion yuan at the end of 2016. The sector's fast expansion had been considered a major source of financial risk, as off-balance-sheet WMPs channel deposits into risky investments without adequate regulation.

However, progress cannot be achieved without costs.

Analysts warned that China's corporate sector was feeling the stress and expected a tougher time saucony jazz original donne , as funding costs were rising and could rise further, while credit would become harder to access, especially for small and medium-sized firms.

As the campaign continues, analysts said liquidity conditions would remain tight for the rest of the year. The deleveraging stress, cooling real estate market and moderate investment growth will weigh on economic growth.

Challenges for policy makers lie in countering debt, shadow banking and long-term threats to the economy saucony jazz uomo blu , without destabilizing short-term growth.

While keeping liquidity relatively tight to underpin deleveraging, the Chinese authorities have been careful not to squeeze liquidity too much to avoid dampening demand.

PBOC data shows that total social financing and new yuan-denominated loans both increased year on year in May, indicating robust financial support for the real economy.

Li Peijia, a researcher with the Institute of International Finance at the Bank of China, said the campaign was still in a crucial stage, expecting monetary policy to remain prudent but with a tightening bias in the second half of the year.

Policy makers are unlikely to announce new policies to cut leverage saucony jazz uomo offerte , but will focus on better implementation of current policies while creating a long-term mechanism for a balance between stable growth and deleveraging, Ming said.

Lian Ping, economist with the Bank of Communications, advised the government to ensure credit for small and medium-sized companies and ease deleveraging stress.

Besides moving on the monetary front, the government should further improve its fiscal policy and unveil supportive industrial measures to ensure stable economic growth, said Zhang Jun saucony jazz original italia , economist with Morgan Stanley Huaxin Securities.

China's economy grew 6.9 percent in the first quarter of the year, up from 6.8 percent the previous quarter and above the government's annual target of around 6.5 percent for 2017.

By Olatunji Saliu

ABUJA, Aug. 28 (Xinhua) -- The Nigerian military on Monday confirmed a top Boko Haram commander had surrendered to troops in the country's northeast region.

His submission to the military was promptly followed by a confession in which the terror group commander, identified as Auwal Ismaaela, said he played a major role in the abduction of more than 200 schoolgirls from Chibok, a Christian-dominated town in the northeastern state of Borno.

Ismaaela threw in the towel as troops intensified efforts to smoke out remnants of the terror group in Nigeria.

Amid many acts of bloodletting on innocent people and destruction of properties across the length and breadth of Nigeria's northeast saucony jazz original sconti , Ismaaela and another repentant Boko Haram fighter named Abu Hafsat led the killing of youths and other school children in Madagali area of Adamawa State, also in the northeast region.

"In one of the operations, I abducted my wife named Maryam, who had two kids for me in Sambisa Forest," Ismaaela said.

Such abductions by Ismaaela and the Boko Haram group at large had led to the use of preteen and teenage children, especially girls saucony outlet italia , as so called "human bombs" in the most populous African country.

Last Tuesday, the United Nations Children's Fund (UNICEF) expressed extreme concern about an appalling increase in the cruel and calculated use of children as human bombs, saying

children had been used repeatedly in this way over the last few years.

So far this year, the number of children used is already four times higher than it was for all of last year, UNICEF noted.

Since January, 83 children have been used as so called human bombs; 55 were girls scarpe saucony outlet , most often under 15 years old; 27 were boys, and one was a baby st. Cheap Hoodies   Cheap Jerseys From China   Cheap Authentic Jerseys   Cheap Wholesale Jerseys   Cheap Authentic Jerseys   Wholesale Jerseys China   Wholesale Jerseys China   Wholesale Jerseys China   Wholesale College Jerseys   Wholesale NFL Jerseys