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RIO DE JANEIRO, June 8 (Xinhua) -- Hosts Brazil have been drawn in the same group as defending champions Australia at the Rio Paralympic Games wheelchair rugby tournament in August.

Canada and Britain were also placed in Group A during the competition draw on Wednesday.

Group B will comprise the USA, Japan, Sweden and France.

Australia beat Canada 66-51 in the wheelchair rugby final at the 2012 London Paralympics.

The competition will be played at Rio de Janeiro's Carioca 1 Arena from September 7 to 18.
Chinese Vice Premier Ma Kai speaks at a ceremony where the Chinese government confers its Friendship Award on 50 foreign experts from 21 countries working in China Nike Air Max Plus TN Ultra UK , in recognition of their contribution to China's development, in Beijing, capital of China, Sept. 29, 2017. (XinhuaLiu Weibing)
BEIJING, Sept. 29 (Xinhua) -- Chinese Vice Premier Ma Kai said China will adopt more active Nike Air Max Plus TN UK , open and effective policies for attracting international talent and create an environment featuring fairness, rule of law, and tolerance.

The comments were made at a ceremony where the Chinese government conferred its Friendship Award on 50 foreign experts from 21 countries working in China, in recognition of their contribution to China's development.

China will encourage foreign experts participating in important research projects and create a better mechanism for these experts to get fair return for their contribution, Ma said.

The permanent residence system will be improved, and legitimate rights and interests of foreign experts will be protected Nike Air Presto Ultra Flyknit UK , he added.

The Friendship Award is an annual award issued by the Chinese government to honor experts who have come to work in China. It was established in 1991.

BEIJING, Aug. 27 (Xinhua) -- Chinese companies will soon be less dependent on stingy banks and a volatile market for financing thanks to new support policies in the financial leasing industry.

The State Council, China's cabinet, mapped out measures in a regular meeting on Wednesday to help the burgeoning sector in hopes that it will provide cheaper funding options and better serve the real economy.

The government vowed to cut red tape, eliminate the minimum capital threshold for financial leasing companies to set up subsidiaries and simplify procedures for leasing equipment such as ships, farming machinery Nike Air Presto UK , medical devices and aircraft.

The move is the latest effort by the central authority to relieve firms of heavy borrowing burdens and stimulate slowing economic growth.

In a finance lease, firms can ask a financial leasing company to purchase the assets they need and then pay a rental fee to use them. After the lease, the firms have the choice to acquire ownership of the assets.

It is estimated that the financing costs are at least 10 percent lower than equivalent bank loans.

Cheaper and more tailored to borrowers' needs than traditional loans, financial leasing also requires less collateral, and is thus favored by startups and enterprises with weaker credit.

Guo Tianyong, a banking and finance professor of Central University of Finance and Economics Nike Air Presto Essential UK , described finance leases as a significant bridge connecting the financial sector and real economy.

"Its flexible financing will help solve the cash crunch for enterprises and enables them to quickly put production facilities into operation," Guo said.

An emerging sector, China's financial leasing witnessed booming growth over the past decade due to authorities' loosened grip and growing demand.

The sector saw the value of outstanding contracts jump more than 50 percent from a year ago to 3.2 trillion yuan (around 500 billion U.S. dollars) by the end of 2014, hundreds of times the volume in 2006.

There are currently 30 major financial leasing companies and more than 3,000 smaller ones in China. Nearly all leading banks in China have affiliates in the new business.

China's policymakers have also pinned high hopes on the sector. Premier Li Keqiang said its rapid development will spur investment in equipment and promote industrial upgrades.

Chinese firms, especially private ones Nike Air Max 97 Mens UK , have struggled with a lack of money due to limited financing channels. Bank loans are costly and banks are biased against small companies, while the stock market is less stable and not yet mature.

To address the issue, the central bank has lowered lending interest rates five times and the deposit reserve requirement four times since November to encourage banks to make loans at a lower rate. The central government has also strived to improve and diversify financing channels, including loans, corporate bonds and a multi-layered stock market.

However, the difficulties persist partly due to rising disinflationary pressures and have become a stubborn problem for the broader economy.

China's GDP expanded 7 percent in the first half of 2015 Nike Air Max 97 Red UK , marking the weakest growth rate since the global financial crisis.

TOKYO, July 6 (Xinhua) -- Tokyo stocks closed lower on Thursday as a weak lead from Wall Street overnight after oil prices retreated set a negative tone, with a dour market mood compounded by ongoing geopolitical concerns centered on the Korean Peninsula.

The 225-issue Nikkei Stock Average dropped 87.57 points, or 0.44 percent, from Wednesday to close the day at 19,994.06 Nike Air Max 97 Green UK , marking the first time in three weeks the index has fallen bellow the psychologically important 20,000 line.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 3.10 points, or 0.19 percent, to finish the day at 1 Nike Air Max 97 Blue UK ,615.53.

Oil and coal product, mining and rubber product-linked issues comprised those that declined the most by the close of play, and declining issues outpaced advancing ones by 1,006 to 861 on the First S.

Lun 9 Juil - 07:16 (2018)

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