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BerichtGeplaatst: 20-07-2018 07:42:39    Onderwerp: told reporters in Geneva Reageren met citaat
BEIJING Wholesale Jerseys China , Nov. 7 (Xinhua) -- China's forex reserves rose for the ninth month in a row in October as pressure of capital outflow continued to ease, data from the central bank showed Tuesday.


Forex reserves had amounted to 3.1092 trillion U.S. dollars by the end of October, up 703 million dollars from a month earlier, according to the People's Bank of China, the central bank.


Although slightly below market forecasts, it is the first time the reserves have expanded for so long since June 2014.


In an online statement, the State Administration of Foreign Exchange (SAFE) attributed the rise to stable cross-border capital flows and balanced supply-demand in the foreign exchange market.


Climbing asset prices in the global financial market also pushed up the stockpile Wholesale Custom Jerseys , the statement added.


There had been concerns over capital flowing out of China in the second half of 2016, when the economy was under pressure and the yuan was in the middle of a losing streak against the U.S. dollar.


In January, China's foreign exchange reserves fell below 3 trillion U.S. dollars, but as the economy is on a firmer footing and the yuan continues to stabilize, the stockpile has increased steadily since February.


China's economy expanded 6.9 percent year on year in the first three quarters, above the government target of 6.5 percent for 2017.


The stabilizing growth and improved economic structure have led to more balanced cross-border capital flows, the SAFE noted.


The SAFE said the foundation for balanced flows will become more solid as confidence in China's economy builds following the 19th National Congress of the Communist Party of China Wholesale Jerseys , predicting the reserves to gradually pick up and stabilize.


Authorities have tightened controls on aggressive overseas acquisitions by companies including Dalian Wanda, HNA Group Co. and Anbang Insurance Group.


In August, the State Council said overseas investment in areas including real estate, hotels, cinemas, the entertainment industry and sports clubs will be limited, while investment in some sectors such as gambling will be banned.


The document also imposed restrictions on the setting up of overseas private equity funds or other investment platforms without specific projects and limited investment that does not meet technological Cheap NBA Basketball Jerseys From China , environmental, or safety standards of the destinations.


Tuesday's data also showed gold reserves falling to 75.2 billion dollars by the end of October from 76 billion dollars at the end of September.




The UN warned on Wednesday that waste from discarded electronics like mobile phones, laptops and refrigerators is piling up worldwide, and it urged far better recycling of the often hazardous rubbish.


A full 44.7 million tons of so-called e-waste was generated around the world in 2016, up eight percent from two years earlier, according to a report from the UN’s International Telecommunication Union, the UN University (UNU) and the International Solid Waste Association.


That’s the equivalent of 4 Cheap NBA Basketball Jerseys China ,500 Eiffel Towers, the report noted, adding that the number was expected to swell “significantly” over coming decades.


According to the report, by 2021, the world will likely be cluttered with a full 52.2 million tons of such waste, which today consists mainly of fridges, washing machines and other domestic appliances Cheap Custom NBA Basketball Jerseys , but also increasingly mobile phones and computers.


At the same time, this waste, which can pose serious risks to human health and the environment, is rarely recycled or properly discarded, with most of it ending up at dumpsites or in incinerators.


Only 20 percent of all e-waste, or 8.9 tons, generated last year was documented as properly recycled Cheap NBA Basketball Jerseys , while the fate of a full 76 percent of all e-waste around the globe is unknown, the report found.


E-waste management is an urgent issue in today’s digitally dependent world, where use of electronic devices is ever increasing,” ITU chief Houlin Zhao said in a statement.


There is also an economic argument for more recycling: the total value of all raw materials present in e-waste, including gold, is estimated to be worth around 55 billion euros (US$64.6 billion), more than most countries’ national economies Cheap Basketball Jerseys From China , the report said.


On a positive note, a growing number of countries are adopting e-waste management policies.


Today, 66 percent of the global population, living in 67 countries, is covered by such policies, up from just 44 percent in 2014, The UN report found.


This is good news as shortening replacement cycles for mobile phones and other devices continue to push the mountains of e-waste ever higher.


ITU’s e-waste technical expert Vanessa Gray suggested that technology companies worldwide should consider the e-waste impact of constantly pushing out new versions of products. There are “also things that we can avoid Cheap Basketball Jerseys China , for example cables... that (are) not compatible with different devices,” she told reporters in Geneva.


Perhaps the most promising approach to reducing e-waste is a system where consumers no longer purchase devices, but instead only the services they provide, said Ruediger Kuehr of UNU’s Sustainable Cycles Programme.


If companies retain ownership of devices and appliances, providing consumers with replacements when needed, they would have an incentive to properly collect and recycle them and improper disposal and storage of the equipment would “substantially decrease, or ideally disappear Cheap Custom Basketball Jerseys ,” he said.


(Agencies)

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