South Korea and the United States jointly announced

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BEIJING nike air vapormax australia , March 4 (Xinhua) -- Chinese corporates outside of the property sector will be challenged over the next year by the fall in oil prices and increased competition, according to a Moody's report published on Wednesday.


Department stores, food and beverage manufacturers, and Chinese factories will face increased competition over the next 18 to 24 months, it said.


"We expect department stores will reposition themselves as lifestyle centers to counter increasing competition from shopping malls and the Internet nike air max 97 mens australia ," said Lina Choi, a Moody's vice president and senior analyst.


She added that the ability to innovate and improve their products will be crucial to maintaining food and beverage manufacturers' profitability.


Furthermore, Moody's said that lower crude oil prices will materially reduce profits and cash flows for China's three national oil companies, and pressure the revenue growth and margins of the four oilfield services companies that Moody's rates.


However, it expects the three national oil companies' Aa3 ratings to remain intact due to strong government support in light of their strategic importance to the Chinese government.


In addition nike air max 97 australia , ongoing overcapacity -- amid a slowdown in demand -- will affect steel and cement producers, but Moody's expects the Chinese government to increase infrastructure investment to mitigate weakening demand from the property sector.


PARIS, April 13 (Xinhua) -- Rossoneri Sport Investment Lux, formerly known as Sino-Europe Sports and led by Chinese businessman Li Yonghong, completed the purchase of AC Milan's 99.93 percent stake from Fininvest on Thursday nike air max 97 ultra australia , ending a 31-year charge by Silvio Berlusconi.


"Today Fininvest has completed the sale of the entire stake owned in AC Milan - equal to 99.93% - to Rossoneri Sport Investment Lux," the Serie A club said in a statement.


The deal, which valued the club at 740 million euros (787 million U.S. dollars), was reached between Sino-Europe Sports and Fininvest last August, while suffering several delays later.


The club's indebtedness equal to 220 million euros (234 million U.S. dollars) was included in the total value nike air max 97 undefeated australia , also requiring the club to spend 350 million euros (372 million U.S. dollars) over three years on club improvements.


"My thanks go to Berlusconi and Fininvest for their trust. We will build on the future for the club," said Li.


The shareholders' meeting will be held on Friday, and AC Milan's new managing board are expected to be announced.


The new owners' debut will be Saturday's derby against arch-rivals Inter Milan, another Serie A club bought by Chinese investors Suning Group.


AC Milan won eight league titles and five Champions League trophies in Berlusconi's 31-year spell, while underperforming in recent years nike air presto pink australia , with their last league title back in 2011.


Ranked sixth on the table, AC Milan had a 20-point gap from leaders Juventus.


President Xi meets incoming HKSAR chief executive


Chinese premier holds talks with Sao Tome and Principe counterpart on cooperation


China, Japan, ROK hold 12th round of free trade talks


Chinese company to build rail cars for LA Metro in U.S.


Aerial view of Medog highway in SW China's Tibet


Stewardesses for high-speed train take part in training program in Harbin


Scenery of Hani terraced fields in SW China's Yunnan


Aerial view of farmland scenery in SW China's Yunnan


BEIJING, Dec. 14 (Xinhua) -- Both investment and sales in China's property sector slowed in the first 11 months as the market remained cool amid government policies to curb speculation.


Real estate investment rose 7.5 percent year on year in the first 11 months of 2017 nike air presto high australia , down from 7.8 percent in the first 10 months, the National Bureau of Statistics (NBS) said Thursday.


Investment in residential property, which accounts for 68.4 percent of total investment in the sector, rose 9.7 percent year on year, down from 9.9 percent in the first 10 months.


Property sales in terms of floor area climbed 7.9 percent in the first 11 months nike air presto ultra flyknit australia , retreating from 8.2 percent in the January-October period, NBS data showed.


By the end of November, 596.06 million square meters of property remained unsold, down by 6.53 million square meters from a month earlier.


Chinese authorities have been stepping up efforts to rein in property speculation this year after rocketing housing prices fueled asset bubble concerns, particularly in major cities.


Dozens of local governments have passed or expanded restrictions on house purchases and increased the minimum down payments required for mortgages.


The property market was also cooled by relatively tightened liquidity conditions as the government moved to contain leverage and risk in the financial system.


In October nike air presto womens australia , new residential housing prices saw slower growth in 13 of the 15 major cities on a yearly basis, NBS data showed. On a month-on-month basis, new residential housing prices fell in 9 of the 15 cities.




NANJING, Dec. 12 (Xinhua) -- Security officials attending an international forum on transnational oil and gas pipelines have agreed to enhance cooperation on intelligence exchange and verification.


The consensus was reached during the third Lianyungang Forum, which concluded Tuesday in the port city of Lianyungang in eastern China's Jiangsu Province.


The forum attracted representatives from law enforcement agencies in 34 countries and three international organizations.


They agreed to put in place a risk assessment and early warning mechanism to handle security threats to transnational pipelines nike air presto mens australia , in addition to a regular joint consultation mechanism.


Moreover, new platforms were proposed for information sharing and operation coordination on broader security cooperation.



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