BEIJING
Wholesale Philadelphia Eagles Jerseys , Nov. 1 (Xinhua) -- China's local economies are showing resilience as the country attempts a transformation to more quality growth.
Of the 28 provinces, municipalities and autonomous regions that have released GDP growth figures for the first three quarters of the year, 18 reported faster or equal growth to that in the first half.
"The growth gap between regions has narrowed," said Zhang Liqun of the State Council's development research center. "The economic pressure in regions like the Northeast and Shanxi has eased and their economies are recovering."
SHINING UP THE RUST BELT
Jilin
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While restructuring and reinvigorating traditional industries, the province has invested in new industries to help the recovery. A hi-tech industrial park to pool photoelectric and intelligent manufacturing firms is under construction in capital Changchun
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Of the other two provinces in the old industrial rust belt, Heilongjiang seems likely to report 6.7 percent growth. Liaoning is expected to show some improvement after shrinking in the first two quarters.
Liu Yuanchun, president of the national academy of development and strategy at Renmin University of China, believes the figures show pro-growth policies taking effect. The steel and coal sectors are back in the black and prices of both commodities have risen alongside efforts to reduce overcapacity.
This has helped economies like coal-rich Shanxi
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Shanxi, struggling to overcome its reliance on coal, saw its GDP grow 4 percent in the January-September period, better than 3.4 percent in the first six months.
GOOD PERFORMERS
Central and western regions with good industrial bases and more room for fixed asset investment are among the best performers
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In 2014, Chongqing announced it was developing 10 new industries, including electronics
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"When an economy is big but still needs to grow fast, it requires innovation and an extended value chain
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In Guizhou, fixed asset investment expanded 21.7 percent in the first three quarters, 13.5 percentage points higher than the average and contributing 70 percent of growth in the impoverished mountainous province.
Central Henan Province achieved 8.1 percent growth in the nine months. "Our service sector will soon surpass the industrial sector so the quality of growth is improving
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Two more developed provinces, Guangdong and Jiangsu
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"China is shifting gears towards mid-to-high growth," Zhang Liqun said. "This not only calls for stabilization of growth
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DOHA, July 11 (Xinhua) -- Qatar Airways announced on Monday an operating profit of three billion Qatari riyals (about 824 million U.S. dollars) in 2016, up from 1.1 billion riyals the previous year due to low oil prices, route expansion and a cut in expenditure.
The carrier said in its first published full-year results that the operating profit for fiscal year 2016 was nearly three times than 2015, resulting in an 8.6 percent operating profit margin, an improvement of nearly six percentage points from the prior year.
The growth rate in ASK term since the relaunch in 1997 to this March is 28 percent, according to the company's financial statement.
Qatar Airways Group Chief Executive Akbar Al Baker said "Qatar Airways continues to lead the industry in all aspects of the business, from our strong financial performance to our award-winning on board product."
"Our fiscal year 2016 was the best yet for Qatar Airways Group.", Al Baker added.
For the year ending March 31, 2016, Qatar Airways Group reduced its expenses 1.5 percent and increased its cash and bank balance from 5.5 billion to 12 billion riyals, despite the significant growth in operations and an adverse movement in foreign currency exchange, according to the statement.
Meanwhile, the airways earnings received a boost from the low oil prices. The Gulf state's national carrier said that its fuel costs dropped to 9.2 million from 12.8 million riyals the previous year.
Over the course of fiscal year 2016, the company added 13 new destinations and increased its overall network to more than 150 destinations on six continents.
The airline was also the global launch customer of the Airbus A350XWB, the most technologically advanced aircraft in the world, and was the first commercial airline to fly it to the United States, and plans to add 17 new destinations in the current fiscal year.
Qatar Airways Cargo also had a record-setting year, growing to the third largest cargo operator in the world as of October 2015, and continuing to expand both its fleet and product line-up. Enditem
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