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BerichtGeplaatst: 16-07-2018 07:21:05    Onderwerp: inflation was Reageren met citaat
BEIJING cheap nike react element 87 , Dec. 6 (Xinhua) -- China must find a way different from the industrialization in the West to build ecological civilization and realize sustainable development, which concerns the future of both the nation and the world.


After solving the food and clothing problems of its 1.3 billion people, the world's second-largest economy has encountered a bottleneck as its fast growth has led to adverse side effects for the ecological environment.


How to curb environmental pollution is a totally new issue for China, as it has no precedents to follow.


China cannot copy the industrialization in Western countries, who did not turn to environment management until they became rich and transferred their highly polluting sectors to developing countries.


The environmental problems faced by China happened over a short period of 30 years cheap air max 270 coral stardust , while it took industrialized countries more than two centuries to resolve the issue.


"China cannot be like developed countries, whose peak carbon emissions appeared when gross domestic product (GDP) per capita hit 40,000 U.S. dollars," said Xie Zhenhua, vice chairman of China's National Development and Reform Commission.


He said China started to adopt measures to reduce carbon dioxide emissions when its GDP per capita reached 3 cheap air max 270 triple white ,000 dollars.


Besides, factors such as the international division of labor led to China receiving many polluting industries from developed countries. Few chances remain for China to transfer these sectors abroad.


With the coexistence of insufficient development and accompanying side effects, tackling pollution in China and many other developing countries requires more determination and courage than required of developed countries.


In China, building ecological civilization has been elevated to a high level of state will and strategy.


At the 17th National Congress of the Communist Party of China (CPC) in 2007, then Chinese President Hu Jintao advocated ecological progress for the first time in his report.


The 18th CPC National Congress in 2012 incorporated building ecological civilization into the overall development plan cheap air max 180 og ultramarine , while the just-concluded Third Plenary Session of the 18th CPC Central Committee made clear arrangements for deepening the institutional reform of ecological civilization.


"Tackling pollution has been a priority of the new administration under (Chinese President) Xi Jinping," British paper The Guardian said.


One of China's goals is to reduce carbon dioxide emissions per unit of gross domestic product by 40-45 percent from 2005 levels by 2020.


"The Chinese people have to tighten their belts to achieve this target," said Zou Ji, director of Program of Energy and Climate Economics at Renmin University of China.


It is estimated that to realize the goal, China has to invest 78 billion dollars annually cheap air max 95 just do it orange , which means every Chinese family has to pay 166 dollars per year.


But it is worth the money. Controlling greenhouse gas emissions, countering environmental pollution and realizing green, low-carbon development are not only burdens for a country, but also preconditions for changing the development mode, breaking the development bottleneck and improving international competitiveness.


What's more cheap air max 1 watermelon , China's pursuit of a new development path has great significance as it will set an example for other developing countries and thus help the world transform traditional industrial civilization into ecological civilization.


LONDON, Aug. 3 (Xinhua) -- The Bank of England's (BOE) rate-setting monetary policy committee (MPC) took a small step back from hiking interest rates at its August meeting.


The MPC voted 6-2, with the committee one member short, for leaving interest rates unchanged, a less interventionist stance than the 5-3 vote at the June meeting.


The British bank rate has been at 0.25 percent since August last year cheap air max 1 just do it white , a record low set with a 25 basis point cut to bolster the economy in case of blowback from the Brexit referendum decision.


"The BOE is highly likely to sit tight on interest rates through 2017 and 2018 -- and very possibly beyond," Raj Badiani, senior principal economist at IHS Markit in London told Xinhua.


"The next move in interest rates is likely to be up, the majority of members are reluctant to consider an interest rate hike at a time of prolonged economic and political uncertainties centered on Brexit, alongside the limited second-quarter GDP developments appearing to suggest increasingly downbeat firms sitting in their industrial and construction investment plans."


Badiani said he thought the BOE will remain tolerant of inflation above its monetary policy target of 2 percent.


CPI inflation was 2.6 percent in June cheap air max plus just do it , having risen from 0.5 percent in May last year following the fall in sterling against other currencies. Such a sharp rise reflected sterling's fall from 1.48 U.S. dollars to the pound on the night of the referendum vote last year to 1.31 U.S. dollars now, having touched as low as 1.22 U.S. dollars in between.


This has led to the rise in inflation, as prices reflect the higher costs of imports and of commodities and raw materials for manufacturers.


Badiani said the MPC would at this critical stage be wary of a policy mistake which would give a negative jolt to the declining rate of British GDP growth.


Inflation falling back to 2.6 percent in June and softer economic data allowed the MPC members concerned about faltering growth prospects to hold the high ground in August over those concerned about breached inflation targets, and this would continue, said Badiani.


The still rising consumer credit levels and the savings rate falling back to a record low of 1.7 percent in the first quarter are likely to provide a supportive argument for those who want to raise interest rates in the near future.


The MPC also voted unanimously to keep the stock o.
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