China's strong Q2 GDP growth paves way for deeper reforms
China's strong Q2 GDP growth paves way for deeper reforms
Nigeria: Inflation Falls Marginally
17 July, 2017, 16:50
Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan.
The robust numbers kept world shares near a record high and briefly helped China's major stock indexes recoup earlier losses. The GDP deflator, a gauge of economy-wide inflation, came in at 4.5 percentage points - the difference between the nominal and real growth rate of output.
Thus, China managed to exceed its target of 6.5 percent growth, set by the government for 2017.
New construction starts measured by floor area were up 10.6 percent in the first half of the year, compared with a 9.5 percent rise in the first five January-May, the National Bureau of Statistics (NBS) said.
"The recent crackdown on financial risks has driven a slowdown in credit growth, which will weigh on the economy during the second half of this year". This means that investment growth has already peaked in Q1, and a softening can be expected in the coming quarters, Commerzbank reported.
However, growth is expected to slow over the remainder of the year as Beijing seeks to cool a red-hot housing market and attempts to rein in leverage.
Retail sales also exceeded forecasts, printing at 11.0% year-on-year (consensus: 10.6%) versus 10.7% in May.
At the National Financial Work Conference, President Xi Jinping clarified that regulatory tightening would continue quickly with a Commission for Financial Stability established.
While the economy steams along, the government is setting a wary tone: The front page commentary in the People's Daily, said China should not only be alert to "black swan" risks that catch people off guard but also more obvious threats.
Industrial production rose 7.6% year-on-year, while fixed asset investment investment increased 8.6% in the first half of the year.
Chinese economic growth topped expectations yet again in the June quarter with GDP expanding 6.9% from a year earlier.
She added, "All that money you got, get a vocal coach, then I'm gonna finish with your motherf***ing a*s". Blac Chyna's mother, Tokyo Toni let loose on Caitlyn Jenner after Jenner's appearance on The View .
On Thursday, they said they thought it could advance soon but on Friday said the North Korea issue made that less likely. House of Representatives on Wednesday evening, the Reuters news agency reported .
Thursday will have rain chances continue be at 30% with scattered thunderstorms and partly cloudy skies. Tonight through Saturday midday: Fair to partly cloudy, hazy and breezy with local showers possible.
Therefore 25% are positive. 04/19/2017 - Occidental Petroleum Corporation had its " rating reiterated by analysts at Simmons. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.
As he passed "peacefully", his final words to his wife, poet Liu Xia, and other relatives were " live on well ", media reported . Global tributes poured in for a "hero" of democracy while human rights groups accused the government of "cruelty".
After making a name for himself in the music industry, he later went on to form his own record label called Chinaman Records . Although 2 Live Crew is identified as part of the Miami hip-hop scene, the group's genesis took place in California.
Disney Unveils Star Wars Theme Parks
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McGregor Backs Mayweather's Use of F**got: People Too Touchy!
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Iranian math genius, Fields Medal victor Mirzakhani passes away
She earned her BSc in mathematics from Iran's Sharif University of Technology in 1999 and her PhD from Harvard University in 2004. Mirzakhani, 40, fought with cancer for four years and was hospitalized lately as the cancer has spread to her bone marrow .
Treasury Yields Fall On Weak Inflation, Retail Sales
Japan's yen-sensitive Nikkei slid 0.4 per cent on the yen's gains but MSCI's dollar-denominated Japan index gained 0.5 per cent. The most-active US gold futures for August delivery futures settled up $10.20, or 0.84 percent, at $1,227.50 per ounce.
Growing sinkhole forces evacuation of homes
Shortly after our sister station ABC Action News arrived on scene, one of the homes collapsed into the sinkhole. The hole quickly grew to 200 feet wide - about two-thirds the length of a football field - and 50 feet deep.
Hammerson Plc (HMSNF) Reviewed By Analysts
KeyBanc Capital Markets maintained Multi-Color Corporation (NASDAQ:LABL) on Tuesday, May 30 with "Sell" rating. The stock of Anglo American plc (LON:AAL) has "Neutral" rating given on Wednesday, December 9 by Citigroup.
Celebrate National French Fry Day with FREE fries in Tampa
Many celebrated the holiday, including Chickie's and Pete's , which is offering its world-famous Crab Fries for $1 until midnight. Omaha Steaks: Visit any Omaha Steaks' location or order online to get a burger and an order of steak fries for only $2.99.
Flash flood watch in effect until 9 pm
At 9:46 a.m., Weather Service Doppler radar indicated thunderstorms producing heavy rain across the warned area. Rain will continue overnight and into Thursday before high pressure can get in here to dry us up for while.