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|MELBOURNE， April 26 (Xinhua) -- Victoria is set to buck the trend of Australian states' recording budget deficits and razor-thin surpluses， with estimates suggesting the state is poised to bank 7 billion U.S. dollars in coming years.
Despite the impending end of Australia's "mining boom"， Victoria has pulled in 1.78 billion U.S. dollars in surplus profits， on average， in each of the past four years.
The state's Treasurer Tim Pallas announced the positive results on Tuesday ahead of the release of the Victorian state budget on Wednesday.
According to Pallas， Victoria is on track for a surplus of around 2 billion U.S. dollars for 2016-17， with the state's total surplus tipped to hit 7 billion U.S. dollars in three years' time.
Pallas said the solid 2016-17 mid-year estimate showed Victoria's "people-powered economy is becoming a powerhouse， with an economic and budgetary position that dwarfs the resource-rich states".
Last year， the resource-driven economy of Western Australia (WA) announced a 2.39-billion-U.S.-dollar budget deficit， while Queensland - still recovering after operating at a loss in 2013-14 - only budgeted for a 930-million-U.S.-dollar surplus this financial year.
Like WA， Victoria has been hit hard by a decline in Government Service Tax (GST) revenue.
On top of that， the state is dealing with the slow withdrawal of the car manufacturing industry， with Ford， Holden and Toyota all set to close their Victorian-based plants by 2017.
But bumper population growth， the highest rate of any state， has counteracted the overall loss of GST income with more than 2000 international and domestic arrivals in Victoria each week.
Major constructions have also helped keep the state in the black with 15 buildings currently under construction in Melbourne， compared with only four in Sydney.
Victoria's budget standing will likely be further strengthened by the Port of Melbourne public sale， which could fetch almost 4.5 billion U.S. dollars， later this year.
MANILA Cheap New Balance 574 , Aug. 6 (Xinhua) -- Both sanctions against the Democratic People's Republic of Korea's (DPRK) nuclear and missile programs and resumption of the six-party talks are important and neither should be neglected, Chinese Foreign Minister Wang Yi said on Sunday.
Wang made the remarks here on the sidelines of a series of foreign ministers' meetings New Balance 574 Sale , in response to a question regarding the new UN Security Council resolution over the DPRK's test launch of intercontinental ballistic missiles in July.
China, as a permanent member of the UN Security Council New Balance 574 Clearance , upheld an impartial and objective position and played a responsible and constructive role in the process of the adoption of the resolution, he said.
According to Wang New Balance 574 Sport , there are two major components in the resolution: one is to make a necessary response to the DPRK's constant missile launch activities which have violated UN Security Council resolutions in a bid to effectively check DPRK's nuclear and missile development programs.
The other is to call for the resumption of the six-party talks, stressing the peaceful settlement of the Korean Peninsula nuclear issue by diplomatic and political means New Balance 574 Kids , in order to avoid escalation of the tension of the peninsula.
Noting that sanctions are necessary but not the ultimate goal, the Chinese minister said the measure aims to bring parties concerned back to the negotiating table so as to seek a peaceful solution to the Korean Peninsula nuclear issue and realize denuclearization as well as lasting peace and stability on the peninsula.
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Busan authorities say activists are free to place a symbolically charged "comfort woman" statue outside the port's Japanese consulate (AFP PhotoSTR)
Seoul (AFP) - The southern South Korean port of Busan said Friday it would allow activists to place a statue symbolising victims of Japanese wartime sex slavery outside the city's Japanese consulate.
The municipal authorities had previously removed the "comfort woman" statue New Balance 574 Womens , but changed track after Japan's hawkish defence minister offered prayers at a controversial war shrine in Tokyo.
Tomomi Inada's visit on Thursday to the Yasukuni Shrine, which honors millions of mostly Japanese war dead -- but also senior military and political figures convicted of war crimes -- swiftly drew flack from China and South Korea.
Activists had first placed their statue outside the consulate on Wednesday -- marking their opposition to a South Korea-Japan agreement reached a year ago to finally resolve the comfort women issue.
Under the accord New Balance 574 Mens , which both countries described as "final and irreversible," Japan offered an apology and a one-billion yen ($8.3 million) payment to surviving Korean comfort women.