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|" LOME Nike Air Max 270 Flyknit Noir Orange Pas Cher , Oct. 23 (Xinhua) -- The International Federation of Association Football (FIFA) released on Thursday the October World rankings that showed an outstanding Togo going up from the 125th to the 52nd.
Two consecutive victories over Uganda, away and home, in the knock-out stages of AFCON-2015 lifted the country up to the 10th best African ranking.
Germany comes first while Algeria, topping the African ranking, gained its best world performance in coming 15th.
At the African level, Ivory Coast comes second followed by Tunisia, Cape Verde and Ghana in the top five.
SINGAPORE Femme Nike Air Max 270 Trainers Rose Clair Grise Pas Cher , Feb. 6 (Xinhua) -- Singaporeans who will be giving out hongbaos, or red packets, during the Chinese New Year festive season have on average a budget of 817 Singapore dollars (605 U.S. dollars), according to a latest survey.
The figure for the Year of the Goat, based on the survey by the United Overseas Bank (UOB), is 13 percent higher than the average of 722 Singapore dollars for the Year of the Horse (535 U.S. dollars).
In Singapore, where most of the Chinese community had their roots in southern China Femme Nike Air Max 270 Coral Stardust Pas Cher , hongbaos are traditionally handed out by married couples during Chinese New Year to single adults, children and parents as a token of good luck. The amount given largely depends on the kind of relationship.
The bulk of the hongbao budget will be going to parents and parents-in-law, with each expected to receive 209 Singapore dollars and 174 Singapore dollars per person, respectively. Among other top recipients, grandparents are expected to account for 103 Singapore dollars of the budget, spouses account for 191 Singapore dollars, siblings 98 Singapore dollars Nike Air Max 270 Trainers Femme Rose Blanche Pas Cher , and children, nephews and nieces 97 Singapore dollars.
About 67 percent of those who expect to receive hongbaos said they would save the money, 9 percent would use it to pay off debts and another 9 percent would invest it. About 2 percent said they would donate it to charity.
Overall, Singaporeans plan to set aside an average of 2,345 Singapore dollars (1,737 U.S. dollars) for spending during the Chinese New Year, down 8 percent year on year. Aside from the 817 Singapore dollars for red packets Homme Nike Air Max 270 Trainers Noir Rouge Pas Cher , an average of 429 Singapore dollars will be spent on travel, 282 Singapore dollars on reunion dinners and 255 Singapore dollars on new clothes.
The bank said the lower overall budget may be a reflection of consumer sentiment. Almost 60 percent of respondents said they expected the economic situation to stay the same, and 27 percent expected the situation to decline.
by Eric J. Lyman
ROME, April 17 (Xinhua) -- The Bank of China's chief economist Cao Yuanzheng feels China's efforts to promote the renminbi (RMB) as an international currency is blazing a new trail in world history.
"I think this is an unprecedented process in economic history," Cao said in an exclusive interview with Xinhua on the sidelines of the "RMB: Going Global. The Bank of China RMB Internationalization Forum" here.
RMB development may be unprecedented but carefully mapped out nevertheless. In his remarks during the forum, Cao said the process has its roots back in the 1990s, and the veteran economist said he still believed it would take several more years for the level of international convertibility of the currency Cao sees as key.
"I now think we can speak in terms of years and not decades Homme Nike Air Max 270 Hot Punch Noir Pas Cher ," Cao said. "I cannot predict the time table, but I think we'll get there before 2020."
He said that when it happens, it will be a positive development not only for China but for the world.
"Yes, there are benefits for China but we believe it is also good for the world," Cao said. "There is deep need for another strong world currency (aside from the dollar and euro, the most used international currencies). For China, I would say there it is more of a challenge than a benefit."
Cao called for reform of the current international monetary and financial order Homme Nike Air Max 270 Flyknit Tiger Noir Orange Pas Cher , which dates back to the 1944 Bretton Woods Conference, which divided the world among the lines of developed and developing countries.
Cao noted that that dichotomy is now outdated, as evidenced by the fact that China, with the world's second largest economy, is a developing country. All told, three of the world's 10 largest economies are economies in transition.
"The international governance of the world financial system needs reform," Cao said.
"There are major shortcomings Homme Nike Air Max 270 Trainers Foncé Bleu Blanche Pas Cher , since it was developed when there was a very big gap between developed and developing countries. Now, about 50 percent of the world's gross domestic product is in the developing world. So it's clear the system needs some reform. And using the RMB as an international currency can be part of this necessary reform," he said.
The "RMB: Going Global" forum was held specifically to promote the use of the RMB as an international currency, for trade, as a reserve currency, and for cross-border payments.
The forum featured multiple high-ranking speakers from the Bank of China, the oldest financial institution in the country.
The topic was of interest both to the Bank of China and in Italy Homme Nike Air Max 270 Ocean Bliss Pas Cher , where government officials are keen to see trade between the two countries continue its rapid growth track.
"Most of the renminbi's international use today is bilateral," Cao said. "But as the renminbi becomes more convertible, if Italy can develop closer ties to China I think it can be a win-win situation for both countries."
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