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#1 Posted : Monday, March 5, 2018 9:39:52 PM(UTC)

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RIO DE JANEIRO Nike Air Vapormax Flyknit Sale , Nov. 4 (Xinhua) -- Sao Paulo kept alive their slim hopes of securing a 2018 Copa Libertadores berth by defeating Atletico Goianiense 1-0 in Brazil's Serie A championship on Saturday.

Former Juventus midfielder Hernanes struck the winner for the visitors with his chest after a Lucas Pratto cross at the Serra Dourado stadium.

It was Sao Paulo's third straight victory, marking the first time the club has achieved the feat since June 2015.

The six-time Serie A champions moved up to ninth in the 20-team standings, five points shy of the Copa Libertadores places with six matches remaining.

In other fixtures on Saturday, Fluminense won 2-1 at Botafogo, Santos secured a 3-1 home victory over Atletico Mineiro and Coritiba routed Avai 4-0.

Ivan Jankovic (C) of KHL Medvescak vies with Rayan Conor Mckiernan (R) of Vienna Capitals during EBEL league hockey match in Zagreb, Croatia Nike Air Vapormax Sale , on Oct. 26, 2017. KHL Medvescak won 4-1. (XinhuaIgor Soban) Sondre Olden (R) of KHL Medvescak vies with Sascha Bauer of Vienna Capitals during EBEL league hockey match in Zagreb, Croatia, on Oct. 26, 2017. KHL Medvescak won 4-1. (XinhuaIgor Soban) Tomas Netik (R) of KHL Medvescak competes during EBEL league hockey match between KHL Medvescak and Vienna Capitals in Zagreb, Croatia Nike Air Vapormax Flyknit Shoes , on Oct. 26, 2017. KHL Medvescak won 4-1. (XinhuaIgor Soban)

BEIJING, Jan. 3 (Xinhua) -- The whole world says China needs to rebalance its economy, and the Chinese government agrees. But one economist now says: "Wait a minute."

And he is not a nobody. Yukon Huang is a prominent economist and the World Bank's former country director for China.

For the last few decades, China's economy has gone from strength to strength.

From experiencing double-digit growth, to riding out the Global Financial Crisis Nike Air Vapormax Shoes ,it has survived to become the world's second biggest economy.

But despite its status as an economic powerhouse, China's economy is often labelled as unbalanced, in terms of its disproportionate shares between investment and consumption.

Rather than redress the imbalance, Huang said China is on the right track.

In a recent interview with Xinhua, Huang said "rapid growth is essentially an unbalanced process."

"Unbalance is not the problem," Huang said. "The problem is to make sure that you invest in the right things."

In China Nike Air Vapormax Flyknit 2018 , consumer spending in the first three quarters of 2013 made up 45.9 percent of the country's economic growth, while investment accounted for 55.8 percent, according to the country's National Bureau of Statistics.

A senior associate at Carnegie Endowment for International Peace, Huang said while China's consumption is only about 35 percent of its domestic gross product, consumption shouldn't just be considered as a share of GDP.

"China's consumption, in real terms Nike Air Vapormax 2018 , adjusted for inflation, has been increasing for several decades," Huang said.

Co-editor of "Reshaping Economic Geography in East Asia" and "East Asia Visions", Huang has studied development of the world's economic juggernauts.

He said when the U.S. was industrializing over a century ago, it had "the most unbalanced growth process that we've ever seen".

When Japan, the Republic of Korea and Singapore were growing into high-income nations Nike Air Vapormax Flyknit Mens , sometimes at 9 or10 percent a year, he said their growth processes were unbalanced.

"So why should we think unbalanced growth is bad, when the growth processes of the successful countries have all been unbalanced," he said.

He warned prompting balance prematurely may actually incur stagnation.

"By the time they got to high income, their economies then became more balanced," he said.

If China grows at 7 percent a year Nike Air Vapormax Mens , he predicted by 2020, the economy will begin to rebalance.

"But by then it will be a high-income country," he said.

For Huang, growth is determined by two factors, investment and productivity - rather than consumption.

"If you invest properly, you build the capacity to produce; if you have technology and innovation Nike Air Vapormax Flyknit Womens , then your productivity increases," he said.

But Huang warned if China is to sustain annual growth of 7 percent for the rest of this decade, it will need to re-direct its investment flow and address local government debt, racked up from massive public infrastructure projects and unpaid bank loans.

In order to promote productivity, he said China must boost investment in the private sector, which is usually more efficient than the public sector.

He also said China's continued urbanization program must be made more efficient by curbing wasteful spending on infrastructure.

Feliciano Lopez of Spain returns the ball to his compatriot David Ferrer during the men's singles 2nd round match at the French Open Tennis Tournament 2017 in Paris Nike Air Vapormax Womens , France on June 1, 2017. (XinhuaChen Yichen)

Cheongsam show held at Sanshuiwan scenic spot in Taizhou City

In pics: Amboseli National Park in Kenya

In pics: outdoor cultural performance given by Ulanmuqi in N China

Water park attracts many citizens in SW China's Chongqing

Aerobatics aircraft perform at air show in C China's Henan

Galsang flowers bloom on river bank in China's Hunan

Upcoming Dragon Boat Festival marked across China

People make Zongzi in C China's Hubei for upcoming Dragon Boat Festival

The head of women's tennis has -condemned Madrid Open organizers for allowing controversial Romanian Fed Cup captain Ilie Nastase to take part in the trophy presentation ceremony -following Saturday's women's singles final.

The 70-year-old is under investigation by the International Tennis Federation (ITF) following last month's Fed Cup tie with Britain, where he swore at members of the opposing team and made a de. Jerseys Wholesale Jerseys China Soccer Jerseys From China Nike NBA Jerseys From China MLB Jerseys Free Shipping Soccer Jerseys China Authentic MLB Jerseys Cheap Custom NHL Jerseys Cheap Authentic NFL Jerseys Cheap Nike NCAA Jerseys Cheap

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