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|" GUANGZHOU Cheap Reggie Sanders Jersey , China, June 17 (Xinhua) -- The first-ever BRICS Games raised its curtain here at the Guangzhou Baiyun International Convention Center on Saturday evening.
Some 300 athletes from the BRICS countries, namely Brazil, Russia, India, China and South Africa, will participate in men's basketball Cheap Chris Sabo Jersey , women's volleyball and wushu competitions with a total of 10 gold medals on offer.
As the host country, China has sent a delegation of 53 people, including 32 athletes, to take part in the five-day Games.
Apart from the competitions, the organizers have also arranged a series of culture events for the athletes and coaches at the Games.
First freight train from China's Changsha arrives to Budapest
London fire protesters storm city hall
In pics: Mount Jiuhua Buddha College in E China
2017 BRICS Games: China vs. India at women's volleyball match
Students graduate from Civil Aviation University of China
Wetland scenery amongst morning mist along Wusuli River in NE China
Snow leopards seen in SW China's Sichuan
China successfully tests near-space flight of largest solar drone
CHINA’S central bank has scrapped reserve requirements of 20 percent for financial institutions settling foreign exchange forward yuan positions, an official said yesterday.
The foreign exchange risk reserve ratio was reduced to zero, according to Sun Guofeng Cheap Pete Rose Jersey , head of the financial research institute affiliated to the People’s Bank of China.
Meanwhile, the PBOC’s substantial supervision on the reserves put aside by foreign financial institutions was also loosened.
The adjustment was made as the current market environment has changed greatly, which means counter-cyclical macro-prudential policies have given way to a neutral monetary policy, Sun said.
Sun said interest rates are primarily determined by economic fundamentals.
While remaining stable against a basket of currencies, the yuan has been on an upward trajectory against the US dollar this year due to the weakening greenback and steady expansion of the Chinese economy.
It is widely believed that the renminbi interest rate has fully reflected China’s economic fundamentals and is broadly keeping at a reasonable equilibrium, Sun said.
“While the renminbi interest rate moving toward equilibrium, market expectations tend to be rational Cheap Dave Concepcion Jersey , cross-border capital flows and foreign exchange supply and demand become more balanced,” said Sun.
A neutral monetary policy could improve liquidity and better serve the real economy, Sun added.
The central parity rate of the yuan strengthened for the 11th consecutive working day to a fresh high against the US dollar yesterday.
The central parity rate of the yuan firmed 35 basis points to 6.4997 against the US dollar, breaking the psychologically important 6.5 barrier for the first time since May 2016, according to the China Foreign Exchange Trade System. It is the longest continuous daily rising sequence since 2005.
“The appreciation of the RMB against the US dollar this year has been driven by a combination of US dollar weakness, China’s tighter management of capital outflows, reduced risk of large scale US-China trade war Cheap Anthony DeSclafani Jersey , and improved economic performance and market sentiment on China,” said UBS economist Wang Tao in a research note.
China’s economy grew 6.9 percent in the first half, well above the target of around 6.5 percent for the year.
Its manufacturing activity expanded for the 13th straight month in August, providing fresh evidence of a firming economy.
Forex reserves rose for the seventh month in a row in August to US$3.09 trillion, increasing US$10.8 billion from a month earlier.
CANBERRA, Jan. 18 (Xinhua) -- Following are the results Sunday from the 51 kilometer (31 mile) Peoples' Choice Classic, prelude to the UCI World Tour's Tour Down Under in Adelaide of Australia:
1. Marcel Kittel Cheap Joey Votto Jersey , Germany, Team Giant-Alpecin.
2. Juan Jose Lobato Del Valle, Spain, Movistar.
3. Wouter Wippert, Netherlands, Drapac.
4. Chris Sutton, Australia Cheap Billy Hamilton Jersey , Team Sky.
5. Heinrech Haussler, Australia, IAM Cycling.
6. Gianni Meersman, Belgium, Etixx Quickstep.
7. Rudiger Selig, Germany, Katusha.
8. Samuel Dumoulin Cheap Scooter Gennett Jersey , France, AG2R La Mondiale.
9. Mark Renshaw, Australia, Etixx-Quickstep.
10. Greg Henderson, New Zealand, Lotto Soudal.
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