sunfang
中级会员
注册日期: 2011-8-29
发贴数: 57
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| 发贴日期: 2012-2-28 17:00 | IP 已记录
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G20 leaders should work out specifics for a healthy world economy and to establish a financial monitoring system The international community is pinning high expectations on the G20 summit to be held in Seoul, the Republic of Korea, on Nov 11-12. Authentic Thaddeus Young Jersey . On the second anniversary of the outbreak of the global financial crisis, the Seoul summit will be a larger gathering than the Toronto meeting and will hopefully have some far-reaching influence on the global economy. Participating countries at the summit are likely to discuss measures for a faster global economic recovery and the establishment of a world financial monitoring system. Expanding the voting power of emerging economies at the World Bank and other international financial institutions and finding ways to curb trade protectionism are also likely to be on the agenda. If the summit advances in this direction, developed and developing nations can continue to join hands to boost global economic development as they did in the immediate aftermath of the global financial crisis. However, at a time when the global economic order is firmly dominated by the West, this is far from certain. There is another possible outcome of the summit: that the US-led developed countries continue to preoccupy themselves with self-development, choose to abandon the much-needed global coordination and shift the focus to China and other emerging economies in a bid to stage a new exchange rate war and promote protectionism. In that case, any global economic recovery will be delayed and people throughout the world will once again be in a difficult position. On the whole, the global economic recovery is on track, but it is on an uneven basis, with output in developed countries remaining 2.7 percentage points lower than expected. Economic growth in the United States declined to 1.6 percent in the third quarter, and one-ninth of its enterprises have suffered losses. The unemployment rate in the worlds largest economy is likely to return to 9.6 percent. In view of these pessimistic prospects, the Federal Reserve plans to push forward another economic stimulus package. Meanwhile, the specter of the sovereign debt crisis in Greece still hangs over the European Union. In the eurozone, manufacturing volumes have declined in the last two consecutive quarters despite a possible full-year 3.4 percent growth in Germany. The appreciation of the Japanese yen means Japans economy is almost stagnant. In contrast to the gloomy prospects of developed countries, emerging countries are enjoying a healthier economic recovery than anticipated. China is expected to have two-digit economic growth this year. In Argentina, India, Brazil and other emerging markets, economic recovery has also been on a robust footing. The African continent is expected to have a 3.9 percent to 4.5 percent economic growth. At the Seoul summit, participating countries should confirm the World Banks decision to transfer an additional 3.13 percent voting power to developing nations. That will increase developing countries voting shares in the body to 47.19 percent from the current 44.06 percent. Chinas voting power will increase from the current 2.77 percent to 4.42 percent, behind only the US and Japan. Indias share will also increase to 2.91 percent from 2.77 percent. The International Monetary Fund (IMF) also plans to transfer an additional 6 percent of its voting power to some emerging markets. In the newly distributed IMF voting, Chinas shares will rise to 6.19 percent from the previous less-than 4 percent. In all, emerging countries will enjoy a combined voting power of 42.29 percent. These reforms are the result of the changed international situation. The US demand that such reforms be linked to the interest rates in developing nations and to their international responsibilities is both illogic and absurd. The US is heavily in debt, with its deficit reaching $1.35 trillion. The US also suffers a trade deficit. Its problematic financial institutions, excessive military expansion and deep-rooted Cold War mentality are to blame for its lingering economic woes. Two years after the global financial crisis, the US still fails to recognize the source of its economic difficulties and always tries to transfer the economic crisis or its domestic contradictions to other countries as a cure-all for its economic problems. With this mentality, the US has chosen a fast depreciation of the dollar and kept its cash-manufacturing machine in motion. At the same time, Washington has exerted pressure on China to raise the value of the yuan in a bid to realize its ambitious goal of doubling its trade volume within five years and creating US jobs. A continuing depreciation of the dollar will compromise its credit and status as the worlds leading currency and ultimately undermine these aims. Since the formation of its exchange rate mechanism in 1994, the yuan has risen considerably in terms of its real effective exchange rate. From May to October, the yuan has revalued as much as 3.39 percent. China will continue to push forward the reform of the yuans exchange rate in a gradual and orderly manner. As a sovereign country able to decide its own financial decision-making, Chinas achievements in this regard are noticeable. Any rushed decision to raise the value of the yuan by 20-40 percent, as some in the US have demanded, will not only cause enormous losses to Chinas economy but will also cause instability to its society. All participating nations at the G20 Seoul summit should take a broader perspective and strive to make the event a big success in promoting global economic recovery. The author is former counselor with the Chinese Permanent Mission to the United Nations. (China Daily 11112010 page8) Amare Stoudemire Youth Jersey . QMJHL Cape Breton 4 Chicoutimi 2 Shawinigan 4 Quebec 1 Rouyn-Noranda 1 Lewiston 0 OHL No Games Scheduled. WHL Kootenay 4 Edmonton 2 Regina 4 Brandon 2 Saskatoon 4 Calgary 1 Lethbridge 2 Swift Current 1 Spokane 4 Medicine Hat 2 Kamloops 5 Portland 4 Red Deer 2 Prince George 1 Tri-City 2 Seattle 1 (OT) Maritime Jr. A Miramichi 8 Woodstock 6 Central Canadian Hockey League Dixie 4 Seguin 2 Greater Ontario Junior Hockey League Thorold 7 Port Erie 3 Sarnia 5 LaSalle 3 Ontario Senior AAA No Games Scheduled. Wholesale Jerseys . Manning connected on 20-of-30 passes for 263 yards and overcame three interceptions for the Giants (1-0), who exacted a bit of revenge on the Panthers after they were blown out, 41-9, in their final game of the old Giants Stadium last year. Kevin Durant Jersey . Shane Owen finished with 42 saves for Moncton (21-15-5), while Daniel Milan picked up two assists. Pier-Antoine Dion scored twice for Cape Breton (12-26-3). Authentic T.J Oshie Jersey . In Toronto for his introductory news conference with the Blue Jays on Tuesday, the seven-time Gold Glove winning third baseman at times seemed more comedian than baseball player. Anze Kopitar Premier Jersey . The Liberal Democrat leader was speaking in parliament while deputising for Prime Minister David Cameron who was on a visit to the United States. Related readings: Defiant Blair says no regrets over Iraq war Blair offers justification for Iraq war UK government adviser: Iraq war was illegal Blair aide defends dossier in runup to Iraq war Cameron, like most of his Conservative Party -- the senior coalition partners -- supported Britains involvement in the US-led invasion of Iraq under the previous Labour government. Buffalo, NY (Sports Network) - Michael Ryder and Zdeno Chara scored two minutes apart early in the third period to put Boston ahead, and the Bruins held on to beat the Buffalo Sabres, 5-3, in Game 2 of their Eastern Conference quarterfinal series. The Bruins victory evened the series and gave them an edge going home, as the best-of-seven set moves to Boston for the next two games. Game 3 is set for Monday. Ryder and Chara each finished with two goals, while Mark Recchi scored an empty-netter in the final minute to secure the victory. Tuukka Rask made 26 saves for sixth-seeded Boston, which had dropped Game 1 on Thursday by a 2-1 score. Buffalo goaltender Ryan Miller made 38 saves in Game 1, but he was beaten four times on 30 shots in Saturdays loss. Tyler Myers, Matt Ellis and Jason Pominville had the Sabres goals. On top of the setback, third-seeded Buffalo might have lost its leading goal- scorer, Thomas Vanek, who left in the first period with a lower-body injury and did not return. The Sabres held a 3-2 lead after two periods, but the Bruins evened the game just over five minutes into the third. Boston gained a 4-on-2 rush, and in trying to set up a shot, the puck went off the stick of the Bruins Andrew Ference in the slot. Ryder was there to pick it up and shot it past Miller at 5:23. A few minutes later, Chara had the puck at the left point and sent a rising shot toward the net. Miller was screened, and the puck went over his shoulder to the near side to make it a 4-3 Boston edge. We had a tough year overall, but its a whole new season come playoff time. Its definitely a good time to start scoring, said Ryder. I think we have a lot of confidence now and doing a lot of things to create offense and get chances. The Sabres made attempts over the final 12-plus minutes to even the contest, but Rask faced only six shots inn the period and stopped them all. Ryan Callahan Premier Jersey. Then, after one failed look at an empty net, the Bruins sealed the victory when Recchi scored with 19.4 seconds left. Buffalo got on the scoreboard first and generally controlled play in the first period. The Sabres took the lead only 2:55 in on Myers goal, as the puck was deflected in front, flipped into the air and got past Rask. Ellis made it a 2-0 game at the 12-minute mark on a backhander from the right circle, which squeezed by Rask and hit the left post to deflect in. However, the Sabres suffered a big loss when Vanek left with his injury. He was racing up-ice on a rush when he was hit in the right leg by the stick of the Bruins Johnny Boychuk, who was trailing by a stride. The pair slid into the end boards and Vanek eventually skated off the ice, apparently favoring his left leg. With Vanek gone, Boston rallied in the middle period. At 2:35, Ryder scored on a similar play as the Myers tally, and the Bruins then pulled even at 9:54. Patrice Bergeron deftly redirected the puck from the slot to the left side, where Chara one-timed it past Miller. Trying to mix and match lines after that, we seemed to have lost a little energy there, Sabres head coach Lindy Ruff said. I thought we got it back with eight minutes left in the second. It seemed pretty quiet, we didnt get much going on. Buffalo re-claimed the lead about seven minutes after Charas goal thanks to a Milan Lucic turnover deep in the Boston end. Sabres center Tyler Ennis collected the puck and sent it out front for Pominville, who placed a shot between Rasks shoulder and the post. GAME NOTES:Vanek had a team-best 28 goals to go with 25 assists in the regular season...Blake Wheeler finished with two assists for Boston...Neither team scored on six total power play chances between the clubs. ' ' '
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