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“No matter how much stimulus and fiscal sugar you try to entice consumers with, they will not leave their apartment and go on a spending spree until they feel confident the landscape is virus-free,” said AxiCorp strategist Stephen Innes.The retail sector occupies an increasingly crucial role in China’s economy as leaders look to consumers, rather than trade and investment, to drive growth.A domestic consumption pick-up is especially needed as external demand weakens, but Innes noted it is easier to normalise supply than demand.Louis Kuijs of Oxford Economics said household consumption remains the “weakest link” among indicators, although China’s economic upturn is expected to continue in the second half of 2020.’Still under pressure’Economists warn, however, that official Chinese figures should be taken with a grain of salt, with longstanding suspicions they are massaged upward for political reasons by a ruling Communist Party that bases its legitimacy on delivering continued prosperity.”Is it too good to be true?” ING chief economist for Greater China Iris Pang asked, telling AFP that more data was needed.She also pointed to risks down the road including trade and tech tensions with other major economies, particularly the United States.Economists also warn of uncertainty owing to an uneven recovery — growth in infrastructure investment has rebounded, but private fixed-asset investment and retail sales remained weak.As if mindful of the concerns, Xi pledged that “China will foster new opportunities and create new prospects for Chinese and foreign enterprises”, and will implement growth-oriented policies, his letter said, according to Xinhua.The coronavirus, which first emerged in the city of Wuhan late last year, has since shut businesses and destroyed millions of jobs globally, likely tipping the world economy into recession.Growth beat the 1.3 percent gain tipped in an AFP poll of analysts but remains among China’s lowest quarterly expansion rates on record.The economy contracted 1.6 percent on-year in the first six months, the NBS said, and urban unemployment dipped to 5.7 percent in June from 5.9 percent a month earlier.Unemployment is a closely watched marker, with nearly nine million graduates expected to enter an uncertain labour market this year and analysts saying actual joblessness is likely higher.Industrial production grew 4.8 percent in June, in line with expectations and up from 4.4 percent in May.NBS spokeswoman Liu Aihua said China’s economy was staging a “gradual recovery”.But it is “still under pressure” as the pandemic ravages many of China’s key trading partners.China is expected to be the only major economy to see growth in 2020, being the first hit by the virus and to bounce back.Topics : China’s economy returned to growth in the second quarter following a coronavirus contraction, with President Xi Jinping promising continued expansion ahead and urging foreign companies to be a part of it.The forecast-beating figures released Thursday follow a string of data showing the world’s number two economy slowly emerging from the pandemic, and should provide hope to other governments looking to recover from a crisis that has likely caused a global recession.Gross domestic product expanded 3.2 percent in April-June, the National Bureau of Statistics (NBS) said, smashing expectations and a massive improvement on the 6.8 percent contraction in the first quarter. In a letter to members of the Global CEO Council, Xi said “the fundamentals of China’s long-term economic growth have not changed and will not change”, according to state media.He reiterated repeated pledges to continue opening up an economy that many foreign businesses say offers unfair advantages to Chinese companies, and added that it was “the right choice to stay rooted in China”.However, in a sign that full recovery could take time, retail sales – a key indication of consumer sentiment – fell short of forecasts, shrinking 1.8 percent on-year in June, suggesting continued reticence about going out to spend even as the virus appears largely under control in China.The data also failed to lift Asian markets, led by Shanghai, which tanked 4.5 percent having rallied around 15 percent this month.
Sharing is caring! 16 Views one comment Director of Audit, Clarence Christain Director of Audit Clarence Christain has defended the Roosevelt Skerrit Administration’s Public Support Programme confirming that the process is a transparent one where proper accountability is practiced.Mr. Christain in a statement issued on Wednesday May 23rd, 2012 stated clearly that no cash handouts are made as part of the programme.“The Office of the Director of Audit wishes to state that no cash is being disbursed in the Office of the Prime Minister or packaged in envelopes by the Office of the Prime Minister for delivery,” Christian emphasized in his statement.He has explained that all disbursements under the Programme “are effected on the Smart Stream Accounting System by the Votes Clerk in the said Office upon instructions by the Secretary to the Cabinet after the Honourable Prime Minister has approved the amount to be disbursed to individuals, groups or organisations who have made representation to the Hon Prime Minister for such assistance”.Opposition critics to Government’s Public Support Programme claim that dry cash is issued to members of the public every Wednesday at the Financial Centre.According to Director of Audit Christian that is completely untrue.“At no time do individuals receive cash in hand or in packaged envelopes. The Office of the Prime Minister does not handle cash for disbursement under the Public Support Programme,” the Director of Audit stressed.“All payments are effected upon the presentation of proper and valid invoices from the provider of the services to be rendered and in most cases payments are made directly to the service provider by the Accountant General,” Christian said.He has also addressed concerns about an alleged lack of transparency and accountability.“The Office of the Director of Audit wishes to confirm that the Public Support Programme is being administered in compliance with Financial Regulations and Funds allocated by Parliament for the said Programme are properly and adequately accounted for by the Office of the Prime Minister”.Christian also confirmed that “the funds allocated are audited by the Office of the Director of Audit yearly and reported in the Director of Audit Report to Parliament”.The Director of Audit says the support programme focuses on a range of areas.“Generally, payments under this Programme are made for health, education, funeral assistance, housing, cultural activities, etc” he explained.Government Information Service Tweet Share LocalNews ‘No cash handouts’ in public support programme says Auditor by: – May 24, 2012 Share Share
FacebookTwitterWhatsAppEmail分享 Loading… Promoted ContentThe Funniest Prankster Grandma And Her GrandsonThe Adorable Model For Simba In The Lion King Remake5 Of The World’s Most Unique Theme ParksCouples Who Celebrated Their Union In A Unique, Unforgettable Way2020 Tattoo Trends: Here’s What You’ll See This YearWho’s The Best Car Manufacturer Of All Time?Best & Worst Celebrity Endorsed Games Ever MadeBirds Enjoy Living In A Gallery Space Created For Them6 Interesting Ways To Make Money With A DroneThe Runner Who Makes Elaborate Artwork With His Feet And A Map14 Hilarious Comics Made By Women You Need To Follow Right Now7 Ways To Understand Your Girlfriend Better “One player phoned the other day to say, ‘I got wrecked and ended up sleeping with my wife’s sister’. “Many players are mentally lazy. They are told when to train, what to eat, where to turn up, how to play. “The ones I have spoken to are suffering from stress and anxiety, moving already towards depression. “Some are devastated by not knowing when they’ll be able to not only play again, but train with their mates. “Those from lower league clubs are desperately worried about their future. “They are like, ‘I’m in the last season of my contract, I’m 33, I was playing for a new one. Now if the season doesn’t finish, how can I prove myself? How do I earn money?” Read AlsoCoronavirus: Richarlison imitates Ronaldo’s haircut during self-isolation Chelsea ace Mason Mount apologised after he flouted his self-isolation by going to the park for a kickabout with West Ham’s Declan Rice over the weekend. Early indication that the self-isolation system forced by the outbreak of coronavirus will come with its own program has emerged. Psychologist Steve Pope says the isolation has an impact on the mental health of footballers even as he claimed that a certain premier league footballer was pushed by boredom to sleep with his wife’s sister. The unnamed star is alleged to have got ‘wrecked’ in an attempt to cope with the general lack of direction in his life after sport was cancelled by the virus. Top flight football has been suspended until April 4, the Champions League and Europa League have been pushed back indefinitely and the European Championships have been postponed until summer 2021. The virus has forced many Premier League squads into self-isolation after Arsenal boss Mikel Arteta and Chelsea star Callum Hudson-Odoi tested positive for COVID-19 last week. Steve Pope: Players are missing activities and turning to vices “Premier League players have so much money, on the face of it they should have no concerns. But they desperately miss the celebrity aspect of performing and turn to other things, usually bad for them or destructive,” Pope wrote in The Sun.
West Brom head coach Steve Clarke insists troublesome wantaway striker Peter Odemwingie will not be sold on the cheap this summer, warning any potential suitors: “We are not a charity”. Press Association He added: “I think his goal record for West Brom is something like one in three. Whoever wants him has to pay the market value. Is that the same as it was in January? Yes. We are not a charity.” Clarke prefers to focus instead on Sunday’s season finale against champions Manchester United – and he has urged his side to spoil Sir Alex Ferguson’s retirement party. Albion have already achieved their best Barclays Premier League finish and are aiming to break the 50-point barrier and finish in the top eight. However, after a superb first half of the season, their form dipped drastically over the winter period and has slumped again in recent weeks with three consecutive defeats culminating in a 4-0 loss by Norwich last weekend. Clarke’s men have the chance to end the season in style on Sunday by beating the champions in Ferguson’s final match before retirement at the Hawthorns and the Scot is insistent they give a good showing. “We’re not there for a party on Sunday,” warned Clarke, who will share a special bottle of red wine with his counterpart after the match. “Our party will be with our supporters at the end of the game when the players get the chance to thank the fans and the fans get the chance to thank the players for the season. “That’s the only party we’re interested in and we’ll do what we can to finish on a high. We started the season on a high by beating Liverpool and we want to finish on a high against the champions. “I’d be surprised if Sir Alex was just there to celebrate his last match as a manager. It’s about competition and that’s what he’ll be there for.” Odemwingie looks set to leave the Hawthorns in the close season after a series of ill-advised Tweets and misdemeanours in the second half of the campaign. The Nigerian was linked with a move to QPR in January but no deal was struck with the player bizarrely turning up at Rangers’ training ground to complete the deal before the clubs had agreed a fee. His value will have surely diminished due to his behaviour then and since but Clarke is insistent his £4million market value remains the same despite him having six months less remaining on his current deal now. And the Albion chief said: “He has signed a contract.”
They nonetheless began their World Cup campaign with a four-wicket win over the Windies in Nelson on Sunday, a performance former pace-bowling great Holding believes is stronger evidence than ever that Ireland should be fast-tracked. Holding, part of the Windies’ much-feared seam attack in their glory days during the 1970s and 80s, told Wisden India: “Ireland need to be recognised now. “It’s about time … if they continue to linger around the lower regions of world cricket they’ll continue to lose good cricketers. “(Eoin) Morgan left Ireland to play for England because he saw brighter prospects.” Ireland’s World Cup victory over West Indies has convinced Michael Holding they deserve to be granted immediate Test status. International Cricket Council constitution, updated last year, provides a pathway for Ireland and other aspiring nations to play Tests in the foreseeable future. Even so, there remain those who fear a ‘glass ceiling’, not least for a country like Ireland who – without Test status – continue to run the risk of losing their best players to neighbouring England. Press Association
Our Sports ReporterGUWAHATI: The Gauhati University Inter-College Badminton Tournament (Men & Women) Tournament 2018-19 concluded successfully on Monday at Gauhati University Indoor Stadium which was organized by Gauhati University Sports Board in association with PGSU, GU. Altogether 13 teams participated in the tournament with around 70 shuttlers from affiliated colleges under Gauhati University. B. Barooah College emerged as winner in the Men’s section whereas Gauhati University PG Classes became runners up. In the Women’s section Abhiruchi Institute of Physical Education were declared winners and Handique Girls’ College as runners up.The prizes were distributed by Dr. Mridul Hazarika, Vice-Chancellor, GU, Dr. Ranjan Kumar Kakati, Director, Students’ Welfare, GU, Dinesh Chandra Kalita, Deputy Director, Students’ Welfare, GU.In his speech GU Vice-Chancellor, Dr. Mridul Hazarika congratulated all the participants and team managers in general and all the winners in particular for making the tournament a grand success. Dr. Ranjan Kumar Kakati thanked all the people behind this tournament for making it a grand success. He hoped that the winners and participants will carry forward from here and succeed in other events in the national and international arena. This is stated in a release. Also read: Local Sports
The match will be broadcast on SuperSport 7 to DStv subscribers and SuperSport Select 4 for GOtv subscribers at 8.45pm.Valladolid, with just one win in their last 10 games across all competitions, are mired in the 15th position.Real, who are brimming with confidence arising from their derby victory over Atletico Madrid last week, have hauled themselves into second position and will hope to kick on from there when they host Girona, who are one point above the relegation places, having lost six of their last matches in all competitions and are without a win in their last 13 outings. The match will be beamed live at noon on Sunday on SuperSport 7 and 10 as well as SuperSport Select 2 and 4.Third-placed Atletico Madrid’s title hopes are fast fading after two consecutive losses to Real Betis and Real Madrid. They will hope to return to winning ways when they host relegation-threatened Rayo Vallecano. The match is live at 4.15pm on Saturday on SuperSport 7 and SuperSport Select 4.Another mouth-watering clash will see 19th placed Villareal take on fourth-placed Sevilla. It is live on Sunday at 6:30 pm on SuperSport 7 and SuperSport Select 4. Other games on Saturday are Celta de Vigo vs Levante (1 pm on SuperSport 7and SuperSport Select 2 and 4), Real Sociedad vs Leganes (at 6:30 pm on SuperSport 7 and SuperSport Select 4. On Sunday, Valencia will take on Espanyol (4:15 pm), Real Betis will confront Deportivo Alaves (8:45 pm). The matches will be live on SuperSport 7 and SuperSport Select 4.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Action resumes in the LaLiga this weekend with league leaders, Barcelona, and their eternal rivals, Real Madrid, both in action.The games involving the two big timers and other encounters in the LaLiga will be broadcast live exclusively to DStv Premium, DStv Compact Plus, DStv Compact and GOtv MAX subscribers.Barcelona, the defending champions, will, on Saturday, seek to recover from their disappointing goalless draw at Athletic Bilbao when they host struggling Real Valladolid.
RFA broke out of the 2-2 tie, though, scoring twice in the final period. Jake Hall (two goals) and Kyle Lubey (three assists) paced the Black Knights as goalie Isaiah Nebush stopped 28 of the Brothers’ 30 shots.Fayetteville-Manlius had its own big test Tuesday, venturing to Shove Park to face West Genesee, the team that knocked the Hornets out in last February’s sectional Division I semifinals. Here, F-M got a lot closer to upending the powerhouse Wildcats, but took a 2-1 defeat.When Will Duncanson scored in the first period, the Hornets took a 1-0 lead, but from there WG’s defense shut F-M down, rarely surrendering sustained pressure as goaltender David Myers finished with 17 saves. Tags: F-Mice hockeyJ-D/CBA Having won three times in as many days from Dec. 5 to 7, the CBA/Jamesville-DeWitt ice hockey team did not get much of a chance to savor that feat.Instead, the Brothers found itself meeting Rome Free Academy for a fourth game in six days Tuesday at Kennedy Arena, and lost 4-2 to the Black Knights.This was a close contest most of the way. Trailing 1-0 after one period, CBA/J-D caught up as Kodi Dotterer and Brackton Bowler each got goals, with Lessor Simon assisting on both goals and Tanner Burns also getting an assist. Helped by Jake Johnston, who recorded 21 saves, the Hornets blanked the Wildcats until James Schneid, off a feed from Billy Fisher, scored midway through the second period.They stayed 1-1 deep into the third period, too, but with 2:07 to play in regulation Fisher, getting a pass from James Schneid, put it past Johnston for the game-winner.F-M plays Mohawk Valley next Tuesday and goes east to face Saratoga Springs and Shenendehowa on Dec. 20 and 21 as CBA/J-D plays Cazenovia next Tuesday at the Morrisville State IcePlex and travels to Clinton on Dec. 20.Share this:FacebookTwitterLinkedInRedditComment on this Story
ORLANDO, Fla. – When a team puts 42 points on the board, its punter rarely receives much praise, let alone the game’s MVP honors. Consider Saturday’s Champs Sports Bowl a rarity.While the Wisconsin defense was shutting down quarterback Christian Ponder and the Florida State offense in the first quarter Saturday night, Seminole senior punter Graham Gano was doing his best to keep the Badgers off the scoreboard, a goal he almost single-handedly achieved.Gano’s first punt bounced at the UW 3-yard line and took a right turn out of bounds. Two first downs later, the Badgers were forced to punt.Gano’s next punt sailed over David Gilreath’s head, hit at the 1-yard line and stuck on the Citrus Bowl turf. Again, the Badgers only managed a pair of first downs before being forced to surrender the ball back to the ‘Noles.Gano’s third punt of the first quarter was angled very similarly to his first, toward the front right corner of the Wisconsin end zone. The ball hit near the 1-yard line and again took a right turn out of bounds. All three of the Badgers’ first-quarter possessions started inside their 3-yard line, the last two of which were spotted at the one.“The whole first half we were battling to get past the 50-yard line,” UW center John Moffitt said. “That’s not anybody’s fault, that’s just the punter. I don’t think I’ve ever seen a punter that good.“Has anybody ever kicked three inside the five before?”Interestingly enough, Gano’s feat came one game after Cal Poly kicker Andrew Gardner missed three extra points at Camp Randall Stadium in Wisconsin‘s overtime victory over the Mustangs.The Badgers didn’t make it past midfield until the second quarter and failed to reach the end zone until T.J. Theus’ 20-yard grab from quarterback Dustin Sherer with only 4:06 left in the game, much of which can be attributed to Gano and his ability to shift the field position game in FSU’s favor.“It’s frustrating, but we kind of did it to ourselves,” Sherer said. “We never could get the ball moving, we gave them a short field, they could punt us and pin us deep. We got out of there a couple times, but we would shoot ourselves in the foot on third down. That’s just how it went.”It put a lot of pressure on the UW defense as well, a unit that held its own in the first half, but couldn’t stay with the speed demons of the ACC after the intermission.“[Gano] was definitely a factor,” senior cornerback Allen Langford said. “It affected time of possession and field position and they definitely owned both of those and that’s why they got the ‘W.’”The Badgers stood helplessly against Gano’s (48.2 yards per punt) first-half dominance, but they beat themselves in the second half. Running back P.J. Hill and Sherer each had fumbles that led to Seminole touchdowns after halftime. Wisconsin‘s three total fumbles set a Champs Sports Bowl record and all three were converted into touchdowns, two of which were scored directly by the defense. Derek Nicholson (first quarter) and Dekoda Watson (fourth quarter) each scooped up Sherer fumbles and ran them back for scores.“They’re fast,” Sherer said. “Their defensive line did a great job of getting pressure on me; their [defensive backs] did a great job of covering down field. There were parts where I probably should have got the ball out and didn’t, but they played well so hats off to them.“I knew going into it I had to play well because they were going to put nine guys in the box to stop our run. And I didn’t play well and we lost.”