China's economy may expand by 6.9 per cent in the second half of the year according to the country's central bank on the back of growing imports and exports, a rise in fiscal income and steady prices. Qilai Shen / Bloomberg
China's economy may expand by 6.9 per cent in the second half of the year according to the country's central bank on the back of growing imports and exports, a rise in fiscal income and steady prices.Show more

China's 6.9% economic growth may continue in second half, Central Bank governor says



A number of economic indicators show "stabilized and stronger growth" and the momentum of a 6.9 per cent expansion in the first six months of 2017 "may continue in the second half," People’s Bank of China Governor Zhou Xiaochuan said.

Imports and exports increased rapidly, fiscal income grew, and prices have been steady, Mr Zhou said, according to a statement on the central bank website released Saturday after he attended meetings of global finance chiefs this week in Washington. The effects of deleveraging are showing, and China will monitor and prevent risk in shadow banking and real estate, he said.

"Positive progress has been achieved in economic transformation," the statement said. "China will continue to pursue a proactive fiscal policy and a prudent monetary policy, with a comprehensive set of policies to strengthen areas of weakness."

Mr Zhou’s comments come before the release of third-quarter gross domestic product, scheduled for Oct. 19. Economists project a moderation to 6.8 per cent from 6.9 per cent in the second quarter amid government efforts to reduce overcapacity and ease debt risk.

Stable growth in the world’s second-largest economy gives policy makers additional room to push ahead with reforms. Mr Zhou recently made a fresh call to further open up the financial sector, warning that such an overhaul will become more difficult if the window of opportunity is missed. Some analysts say they expect reforms will pick up should President Xi Jinping further consolidate power after the 19th Party Congress starting next week.

Meanwhile, the PBOC’s new tailored move to steer credit to small businesses, farmers and startups also indicates that the leadership remains vigilant about economic growth while also refraining from easing monetary policy across the board to contain overall leverage.

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

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THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

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Engine: four-litre V6 and 3.5-litre V6 twin-turbo

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Disclaimer

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Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

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The years Ramadan fell in May

1987

1954

1921

1888

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

MATCH INFO

Delhi Daredevils 174-4 (20 ovs)
Mumbai Indians 163 (19.3 ovs)

Delhi won the match by 11 runs