BRASILIA nike air max 2017 uk , July 26 (Xinhua) -- China's better-than-expected economic growth has a positive impact on Brazil's otherwise flagging economy, especially in the primary products sector, said a leading economist.
Jose Luiz Oreiro, professor of economics at the University of Brasilia, said he believes China's 6.9-percent GDP growth in the first half of 2017 has helped to lift Brazil out of its economic doldrums.
"In the first quarter, the only sector that saw real growth in Brazil was agribusiness with a 13-percent increase," said Oreiro nike air max 2017 womens uk sale , adding that "steel also has reasonable prices due to China's growth, so China's added growth has been good news for the Brazilian economy."
As to China's economic indicators announced last week, the economist said "the result does not surprise me. We expected to see a more moderate growth in China compared to previous years (with a double-digit growth), so the 6-7 percent growth per year is a new norm."
China's economic growth helped sustain the prices of Brazil's commodity exports, offset slowdowns in other sectors of Latin America's largest economy, and also signaled a coming recovery for the global economy, which has been struggling since the 2008 financial crisis nike air max 2017 womens uk , said Oreiro.
"The global economy appears to be getting into third gear. The developed economies are seeing sped-up growth. As the world's second largest economy, China's accelerating growth is important in providing a greater impetus to the global economic growth," said the economist.
However, the main challenge for China will be to reduce its "huge savings rate" to sustain a new growth model that relies more on domestic consumption.
"China will have to put in place social security policies, state-paid pensions, a universal public health system, etc. to reduce the savings rate and promote spending nike air max 2017 white womens uk sale , since the Chinese middle class will no longer need to save for medical treatment and thus will buy more consumer goods," he said.
"It is the transition China needs to complete, so that its consumption will represent a larger GDP share. In recent decades, the Chinese economy has been driven by investments and exports, now it needs to give a greater role to spending," said Oreiro.
The outlook for Brazil's economy remains "very bad" though a slight growth was registered in the first quarter of 2017, thanks to a bumper harvest of soy and grains nike air max 2017 white womens uk , Oreiro said, adding that "the effect won't last, and my forecast for 2017 Brazilian economy is zero percent growth."
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by Wang Xin and Cang Wei
A father and son walk past statues at the Nanjing Anti-Japanese Aviation Memorial Hall. Photo by Sun Can Xinhua Russian students pay tribute to heroes from the former Soviet Union who died when assisting China against Japanese aggression in WWII. Photo by Sun Can Xinhua The memorial hall hosts an exhibition about the ""Hump Airlift"" in April. Photo by Sun Can Xinhua
BEIJING,?August 3?(Xinhuanet) -- Liao Yongbao was 64 years old before he learned the where-abouts of his father's grave. That was in 2004, when Liao, now 75 nike air max 2017 white uk , first saw his father's name engraved on a black marble tablet.
Liao Jingcheng, who was killed in aerial combat on June 18, 1941, when his son was just 10 months old, is buried at the Nanjing Anti-Japanese Aviation Memorial Hall, a complex in Zhongshan, one of the most picturesque areas of the capital of Jiangsu province nike air max 2017 red womens uk sale , surrounded by trees and bathed in melodious bird-song.
""After years of searching I finally found my father in the memorial hall,"" Liao said. ""Tears streamed down my face as I read his name and the details of his life on the marble slab. I began to learn more about him when the workers sent me material related to him,"" he said.
""In 2009, the Jiangsu province government officially honored my father as a revolutionary martyr. Although I never had the chance to grow up with him, he will always be my hero.""
The memorial hall holds the remains of 3,305 martyrs from the Japanese occupation of China: 2,197 of the dead were from the United States nike air max 2017 red womens uk , 236 came from the former Soviet Union, and two were Korean nationals. The other 870 were Chinese.
The martyrs' cemetery, built by the government of the Republic of China, tells the story of how airmen from China, the US and the Soviet Union fought side by side against the Japanese.
The graveyard was badly damaged in the late 1960s, but in 1987 work began to restore it to its original glory, and construction of the memorial - 30 black marble tablets engraved with the names of the fallen in Chinese nike air max 2017 red uk , English and Russian - was completed in 1995. A memorial plaza was added a short time later.