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Chinese Ambassador

Chinese Ambassador to Pakistan Sun Weidong (L nike air max 97 schwarz herren , front) delivers a speech at a reception to celebrate the 68th anniversary of the founding of the People's Republic of China in Islamabad, capital of Pakistan, on Sept. 25, 2017. (XinhuaAhmad Kamal)
ISLAMABAD, Sept. 26 (Xinhua) -- The Chinese Embassy in Pakistan has hosted a grand reception to mark the 68th anniversary of the founding of the People's Republic of China which falls on Oct. 1.


The event was attended by Mian Raza Rabbani, Chairman of Pakistan's Senate (the upper house) nike air max 97 rosa , Sun Weidong, Chinese Ambassador to Pakistan, as well as some 1,000 guests, including leaders of political parties, federal ministers nike air max 97 herren günstig , parliamentarians, senior civil and military officers, foreign diplomats, think tanks, media persons, and representatives of Chinese companies working in Pakistan.


In his welcoming speech on Monday evening nike air max 97 damen günstig , Sun Weidong said over the past 10 years, China had made remarkable achievements, becoming the second largest economy and contributing to over 30 percent of global annual growth.


Expressing full confidence in the bright future of China's development, Sun said in the past five years, China has made great achievements.


China adhered to the path of peaceful development, advancing reform and opening up nike air max 97 herren kaufen , and firmly promoting mutual beneficial and win-win cooperation, he said.


The China-Pakistan model relations have entered a golden age, said the ambassador, adding that the construction of China-Pakistan Economic Corridor has been playing an important role in Pakistan's economic and social development, and brought great benefits to the two peoples.


Raza Rabbani, on behalf of the Pakistani government and Parliament nike air max 97 damen kaufen , felicitated the Chinese government, the Chinese ambassador in Pakistan and people of China on the occasion of the 68th anniversary of the founding of the People's Republic of China.


Rabbani stressed the importance of China-Pakistan relations, saying that this friendship is like a banyan tree because its long and strong roots are shared principles of respect for each other and of the fight against expansionism, extremism, hegemony, and financial imperialism.


The Senate chairman said development and economic projects initiated by China in Pakistan are remarkable www.airmax97kaufen.com , and promised that Pakistan will stand with China at every stage as both sides have a common vision.


TOKYO, Oct. 7 (Xinhua) -- The Bank of Japan (BOJ) on Wednesday opted to maintain its accommodative monetary policy and hold off on additional easing despite sluggish exports and falling commodity prices threatening to derail the bank's ambition 2 percent inflation target next year.


In the wake of an economic contraction last quarter and predictions by leading economists of further downside pressure to Japan's economy from a slowdown in overseas economies particularly in Asia, falling oil prices and the possible fallout from a rate hike from the U.S. Federal Reserve, the bank still maintained its assessment that the economy "has continued to recover moderately," despite the slowdown in emerging economies.


With core consumer prices here down 0.1 percent in August from a year earlier, marking the first drop since the bank unleashed its massive stimulus program more than two years ago and following Japan's production slipping 0.5 percent from a month earlier in August nike air max 97 günstig , some economists thought the bank would unveil fresh easing measures this month, doubly so in light of recent concerns voiced by the International Monetary Fund (IMF) about the nation's fiscal health.


But BOJ Governor Haruhiko Kuroda in a press briefing after his policy board's two-day meeting was upbeat about the bank's reflationary efforts and what the board deemed to be an overall moderate economic recovery.


"The trend of consumer rises is rising steadily and there is absolutely no change to our stance that we will steadily implement quantitative and qualitative easing to achieve the 2 percent inflation target at the earliest possible time," the BOJ chief said.


He added that the bank was still on track to hit its delayed 2 percent inflation target within six months from April next year, with September slated as an optimum target, although alluded to the possibility of more timeframe adjustments owing to fluctuating oil prices.


The BOJ in a statement said it would continue to increase the monetary base at an annual pace of 80 trillion yen (700 billion U. S. dollars), with the bank stating that advanced economies were still propping up markets nike air max 97 kaufen , while emerging economies continued to weigh, with Kuroda himself reiterating Wednesday his long-held mantra that the bank wouldn't hesitate to adjust its policy if necessary, while shrugging of the likelihood of a prospective economic contraction in the July-September period as indicated by recent sluggish manufacturing output and export data.


The consensus among leading economists is that the BOJ is close to adjusting its monetary policy to counter the current downside pressure to the world's third-largest economy and maintain investor confidence, but is holding off to assess a final batch of macroeconomic data as well as liaise with Prime Minister Shinzo Abe who has recently launched a second round of Abenomics economic policy measures ahead of reshuffling his cabinet earlier Wednesday to shift the government's focus back to the economy from security issues.


"I see a very good chance for the BOJ to ease later this month. It's wrong to think the BOJ is not close to easing from today's statement. It's not they are keeping their view but it's more like they want to see more data before making any change," Kyohei Morita, chief economist at Barclays Plc. nike air max 97 schweiz , said.


Similarly, Yasunari Ueno, chief market economist at Mizuho Securities, said while this month's decision was in line with some experts' expectations, policy changes were expected i.

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