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ï»\xBF'Modest shift' in economic growth is expected to decrease slightly by 6.5% from baseline National Bureau of Statistics recently released data show that three quarters of this year's GDP growth rate reached 6.9 percent, the first time below 7% since the second quarter of 2009. Although long expected, but economic growth is 'broken seven' or to some extent, brought to the market a certain tension, how to 'moderate shift' has become a problem can not be ignored. 'Proposal thirteenth five-year plan of the CPC Central Committee on National Economic and Social Development' released November 3 raised, the next five years, China's economy has maintained rapid growth in the target, from 2016 to 2020, average annual economic growth the bottom line is more than 6.5%. 6.5% growth rate is high or low? With 2011 GDP growth of 9.5% figure compared to 6.5% growth rate is really low; however, the growth in the global bottom line is still significant, even stronger, China will remain the world's fastest economic growth one body. 'From the current trend, the next five years, China's economic potential growth rate down to 6% -6.5% of 'high probability event'.' China Banking Association chief economist Ba bluntly. For the Chinese economy is in a 'new normal' under, it is critical to maintain a certain speed, but more need to focus on improving the quality of economic growth. Ba that, given the structural transformation of the economy into the most important feature is the period of 'Thirteen Five', the next five years, the official policy of stable economic growth will be more resides among the reform. The need to reform the market into a principle, pay more attention to supply-side adjustment, accelerate the elimination of 'zombie companies' to resolve excess capacity. Specific to the financial reform, the focus will encourage financial innovation, the development of multi-level capital market, accelerate aspects of interest rate exchange rate market reform, improve the ability of financial services the real economy. The forecast from the existing mechanism, the Renmin University of China 2016 GDP real growth rate of 6.6%, compared with its expected 2015 growth rate further decline of 0.3 percentage points; CICC is expected 6.8%, compared with its expected 2015 the annual growth rate down 0.1 percentage points. Moody's expects 2016 economic growth is only 6.3%. 'Supply-side' expanding demand while supply-side reform will strengthen the 'growth potential of China's economy far more than that,' Tsinghua University, China and World Economy

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