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BERLIN Cheap Nike Air Max 90 Ultra SE , Feb. 4 (Xinhua) -- The following are major news items in leading German newspapers on Wednesday.
-- The minimum wage which came in force in January in Germany increases the informal economy in Germany by 1.5 billion euros (about 1.7 billion U.S. dollars), and thus prevents a further decline of illegal work and employment, said a recent study of the Tuebingen Institute for Applied Economic Research (IAW) and the University of Linz.
The black economy's share of gross domestic product (GDP) therefore remains unchanged at 12.2 percent.
-- The Jordanian military pilot Moaz al-Kasasbeh caught by the radical militia Islamic State (IS) is presumed dead. Pictures from a video posted on Tuesday on jihadist websites showed how a person who should be the hostage was burned alive. It was initially not clear whether the pictures are authentic.
Frankfurter Allgemeine Zeitung:
-- During their travel to several European capitals, Greek Prime Minister Alexis Tsipras and his Finance Minister Yanis Varoufakis didn't receive any open support for their debt plans yet.
It was clear that the Greek government is still elaborating on their position, said German Chancellor Angela Merkel on Tuesday. The German government is waiting for proposals Cheap Nike Air Max 90 Ultra 2.0 , "and then we go into discussions."
SINGAPORE, Jan. 22 (Xinhua) -- Confidence in Chinese, regional economies beyond the short term increasingly hinges on progress of reforms in China while acceptable slower growth leaves space for sustainable development, analysts and economists said.
Slower growth will still be "acceptable and still sufficient to support growth around the region," said Song Seng Wun Cheap Nike Air Max 90 Shoes , a regional economist with CIMB Research -- a research arm of the Commerce International Merchant Bank (CIMB).
China's gross domestic product(GDP) growth in 2014 is 7.4 percent. Instead of being a cause for analysts to go panic, the growth rate is increasingly seen as natural at the current stage of development.
Paul Yip, an associate professor at Nanyang Technological University, said it is not necessary to worry.
Song said slower economic growth can be explained by rebalancing efforts to shift from quantitative to qualitative growth, which includes further opening up the economy Cheap Nike Air Max 90 SE , focusing less on investment and more on the development of the service industry, and upgrading the banking sector to better pump liquidity into all sectors.
"While I suppose analysts would like to see these reforms accelerated, the reality is that everything has to be done in measured ways," he said, "Given the different stages of development Cheap Nike Air Max 90 Flyknit , we are all aware that the rebalance will take many years."
Chen Kang, a professor at the Lee Kuan Yew School of Public Policy, National University of Singapore, said a serious rebalancing effort would mean that growth should be allowed to be slower, he said.
"The economic slowdown will somewhat serve the purpose of forcing reforms on the way. If you prop up the growths artificially Cheap Nike Air Max 90 Ultra , they would think they are doing OK without the reforms," he said.
The policy makers in China have been seen as observing fiscal disciplines fairly strictly, though efforts have been made to pump liquidity into targeted sectors.
Some said that it is still too early to tell whether the reforms are producing desired results, while others said they see that the Chinese leaders are serious about rebalancing and that there is no room for failure. They agree that the long-term outlook for China's economy will be good if the reforms are carried through.
"China is a continental economy. It is all possible for China's internal demand to sustain a long period of growth, especially given that the population is still young overall Cheap Nike Air Max 90 , though it is aging," Chen said.
"Compared with 1998, there is more room for slower growth. Back at that time, workers were being laid off. There was also the Asian financial crisis. The state-owned enterprise reforms were underway. Even the pressure in terms of the population was larger," he said.
"Now it is different Cheap Air Max 90 Ultra Flyknit , the overall labor population is declining," he said when he compared China's current reforms with those in the late 1990s.
An economist team of ANZ Research led by Liu Ligang said in a recent report that allowing economic growth to slow down would help create more maneuvering space for China's structural reforms.
"Looking forward, we expect the service sector to contribute a larger part of China's economic growth and become the main driver. As the imports of China gradually shift from imports for the purpose of processing trade to general imports, China's imports will also lead to more growth opportunities for the global economy," said the report.
Even in the short term Cheap Air Max 90 Ultra Moire , there does not seem to be much to worry about.
"The businesses in the region and around the world will calibrate their expectation" in making investment to target slower growth rather than growth of around 10 percent seen in the previous decade, Song said.
TOKYO, July 4 (Xinhua) -- Japan has said it is currently analyzing claims by the Democratic People's Republic of Korea (DPRK) that it launched an intercontinental ballistic missile (ICBM) earlier Tuesday.
Japan has condemned the launch as a provocative act and lodged a strong protest with Pyongyang through its diplomatic channels.
Japan's Defense Minister Tomomi Inada told a press briefing on the matter that the missile, launched at around 9:39 a.m local time, achieved a higher altitude than any other missile test by the DPRK.
She also said the missile likely flew over a distance shorter than the range that it was capable of Cheap Air Max 90 Ultra SE , on a steep trajectory.
Government sources said separately that the missile reached an altitude higher than 2,500 km and said that if it had been launched at a regular trajectory, it would. Cheap USA Jerseys Cheap Portugal Soccer Jerseys Cheap France Soccer Jerseys Wholesale England Jerseys Wholesale Croatia Jerseys Wholesale Colombia Jerseys Wholesale Chile Soccer Jerseys Wholesale Brazil Soccer Jerseys Wholesale Belgium Soccer Jerseys Wholesale Argentina Soccer Jerseys