BEIJING cheap air max 90 south beach , Dec. 8 (Xinhua) - As China's stock market continues a record-breaking streak that includes a flux of mom-and-pop investors, some words of caution are in order.


It's not that one of the world's worst-performing markets does not deserve a rally or two, but even a "bull market" does not adequately describe the frenzy at the Shanghai and Shenzhen exchanges. In the last 11 trading days, two key stock indexes climbed around 20 percent, with the biggest one-day turnover hitting 1 trillion yuan (162 billion U.S. dollars).


Granted, the rising tide is not completely unfounded. All playing their part cheap nike react element 87 white , the central bank recently had a considerable injection of liquidity as well as a benchmark rate cut, a stock trading link between Shanghai and Hong Kong was established, housing and high-yield investment markets both cooled, and A shares were on offer for cheaper price.


But all these factors appeared insufficient to put the stocks on fire. For example, the underwhelming Shanghai-Hong Kong Stock Connect proved less exciting than many had expected.


More broadly, the Chinese economy is still - painfully - adjusting to the so-called New Normal where growth will slow further cheap nike react element 87 light bone , with Monday's trade numbers showing the latest weakening signs: exports and imports in November fell sharply below expectations.


But the big picture supposedly did little to affect the thinking of retail investors, who have recently been flooding brokerages and pushing the indexes to new highs.


For individual investors, who significantly outnumber institutional investors in domestic exchanges, greed now appears to triumph fear, with extraordinary, if not maniacal cheap nike react element 87 black , numbers of new account openings and purchases that had not been seen for years.


Also unseen was the enormous role of leverage in this rally, as introduction of margin financing enabled investors to buy shares with borrowed money. Outstanding margin position is now around 850 billion yuan, more than double the figures reported at the end of June. Should trends reverse, the volatility must not be understated.


From a longer perspective, a sustained bull market is only a matter of time as China's deepening reform and opening-up is now on fast track to provide results.


The problem with a momentum market, however cheap air max 96 , is that one can't tell when the tide will turn. Therefore, it is necessary to ring some bells now as the red-hot market is rocketing a bit too fast.


NANNING, Feb. 4 (Xinhua) -- South China's Guangxi Zhuang Autonomous Region lifted 950,000 people out of poverty in 2017, according to the regional government.


The autonomous region made progress in fostering the development of new industries and increased poverty alleviation funds last year.


The proportion of people living below the poverty line dropped 2.2 percentage points to 5.7 percent in 2017.


China has set 2020 as the year to finish building a "moderately prosperous society" and to completely eradicate poverty.



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RIO DE JANEIRO, Oct. 30 (Xinhua) -- Brazilian clubs Corinthians and Fluminense will compete against Germany's Bayer Leverkusen and FC Koln in the Florida Cup in January.


The four-match tournament cheap air max penny 1 , confirmed on the Bundesliga's official website on Thursday, will provide the German clubs with a chance to fine-tune their preparations for the restart of the top-flight season on January 20.


""We're delighted to be able to participate in what is a high-profile tournament,"" Koln sporting director Jorg Schmadtke said. ""It's a great incentive for FC Koln to boost our profile in the USA.""


Leverkusen CEO Michael Schade added: ""We'll have two games against two strong teams from Brazil, which makes this an interesting event on a footballing level. Furthermore, the market in the United States is a very attractive one, not only for Bayer 04 cheap air max 360 , but for German football as well.""


The first Florida Cup fixtures on January 15 will feature Corinthians-Koln and Fluminense-Bayer Leverkusen in Orlando.


Two days later Corinthians meet Bayer Leverkusen and Fluminense clash with Koln in Jacksonville.

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RIO DE JANEIRO, April 5 (Xinhua) -- Manchester City have stepped up their presence in South America by adding Uruguay's Atletico Torque to their burgeoning list of international feeder teams.


The Montevideo-based club becomes the fifth subsidiary of City Football Group, the holding company created to oversee a global network of linked clubs.


""The acquisition marks City's intention to invest in Uruguayan football, not only in terms of infrastructure at the club, but also in coaching, executive leadership cheap air force 270 white , youth academy and the senior playing squad,"" City said in a statement on Wednesday.


Founded in 2007, Atletico Torque play in Uruguay's second division, where they have finished in the top six in each of the past two seasons.


City said they were drawn to Atletico Torque by the the club's ""on-field progress, together with recently developed training and playing facilities"".


""The investment in CA Torque enables our organization to build on existing connectivity in Uruguay and helps to expand the options for identifying and developing local and South American talent,"" City Football Group CEO Ferran Soriano said.


In addition cheap air force 270 black , Manchester City said they signed a collaboration agreement with Venezuelan first division side Atletico Venezuela.


The partnership allows both parties to share scouting data and aims to provide coaching support to Atletico,"" the statement added.


Other international subsidiaries of the City Football Group - apart from Manchester City - are New York City, Melbourne City and Yokohama F. Marinos.

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