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MessagePosté le: Lun 10 Sep - 10:47 (2018)    Sujet du message: Alphonse Areola Saint-Germain Jersey Répondre en citant

BEIJING Christopher Nkunku Saint-Germain Jersey , May 26 (Xinhua) -- The world's second largest economy is transitioning to a new normal, aimed at safer and higher-quality growth, and its currency is no longer undervalued, a senior official with the International Monetary Fund (IMF) said on Tuesday.

The transition is both "challenging and necessary" with a bit slower growth, said David Lipton, first deputy managing director of the Washington-based organization.

"Growth in China is moderating -- a slowdown that is not a goal unto itself but a by-product of moving the economy away from the unsustainable growth pattern of the past decade," he said at a press conference in Beijing.

The IMF projected the Chinese economy to grow at 6.8 percent this year, largely in line with the authorities' growth target of around 7 percent Julian Draxler Saint-Germain Jersey , Lipton told reporters.

The Chinese labor market has remained resilient despite slower growth, which, in turn, has supported household consumption. Inflation is expected to end the year at around 1.5 percent, according to a statement issued after the IMF's 2015 Article IV Consultation with China.

The Article IV Consultation is an annual economic and financial check-up between the IMF and its member countries.

"While undervaluation of the Renminbi (RMB) was a major factor causing the large imbalances in the past, our assessment now is that the substantial real effective appreciation over the past year has brought the exchange rate to a level that is no longer undervalued," Lipton said.

"As part of the ongoing review of the Special Drawing Rights (SDR) basket at the IMF, the Chinese authorities have stated publicly their interest in including the Renminbi in the SDR basket. We welcome and share this objective and will work closely with the Chinese authorities in this regard Jese Saint-Germain Jersey ," he added.

The IMF has launched its five-year review of the SDR basket, an international reserve asset that currently includes the U.S. dollar, Japanese yen, British pound and the euro. Whether to add the yuan to the basket is a major issue for this year's assessment.

China on Thursday announced it will include the construction of soccer fields in its overall plans for urbanization and rural development in a drive to accelerate efforts to develop the sport.

Nongovernmental sectors will be encouraged to build small soccer fields compliant with various standards in line with local conditions, according to the National Fitness Program for 2016-2020 released by the State Council, China's cabinet, on Thursday.

More people, including the physically disabled as well as the middle-aged and elderly Timothy Weah Saint-Germain Jersey , should be encouraged to participate in a variety of soccer activities, the program said, noting that the population that plays soccer should be expanded.

By 2020, 700 million people will take part in physical exercises at least once a week, including 435 million who exercise regularly, the program said, noting that the total consumption of sports activities in 2020 will reach 1.5 trillion yuan ($228 billion).

"A lack of soccer fields is one of the practical problems facing the development of the sport in China," Ma Dexing Layvin Kurzawa Saint-Germain Jersey , deputy editor of Changsha-based magazine Titan Sports, told the Global Times on Tuesday.

Promoting soccer in urban communities may contribute to social harmony by increasing interpersonal contact within neighborhoods, said Ma.

"More participation in sports like soccer will also contribute to the future development of the sports industry," he added.

By the end of 2013, China had around 10,000 soccer fields in "relatively good condition," far fewer than those in major soccer-playing nations, said an announcement released by the National Development and Reform Commission in May.

In early May Lassana Diarra Saint-Germain Jersey , the State General Administration of Sports released the five-year plan for China's sports development, which said the total number of soccer fields across the country will reach 70,000 by the end of 2020.

The inclusion of soccer development plans in the national fitness program shows that China is gradually changing its past utilitarian goal for the sport's growth, which overemphasized competition results, Liu Xiaoxin, chief editor of Guangzhou-based newspaper Soccer News, told the Global Times on Thursday.

"Compared with the program for the last five years, we have changed our perspective on sports. Now we believe sports should be integrated with education Giovani Lo Celso Saint-Germain Jersey , culture, tourism and the medical industry," Liu Guoyong, an official of the State General Administration of Sports, was quoted by the Xinhua News Agency as saying on Thursday.

School soccer will be promoted extensively, the plan noted.

The plan added that a system connecting regular soccer competitions in primary schools, secondary schools and universities should be improved soon.

According to the Mid- and Long-Term Development Plan of Chinese Soccer Development released in April, by 2020 Alphonse Areola Saint-Germain Jersey , there will be 20,000 schools specializing in soccer in China, while over 30 million primary and high school students will regularly play soccer.

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