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|LUSAKA Men's Nike Vapormax Flyknit 2018 Red UK Sale , April 28 (Xinhua) -- The head of Zambia' s soccer governing body has described the draws for the 2015 Morocco Africa Cup of Nations qualifiers as tough, the Post of Zambia reported on Monday.
Zambia, the 2012 champions, have been drawn against Cape Verde and Niger in Group F of the qualifiers while either Malawi, Mozambique or Zimbabwe will join the group after the preliminaries.
Football Association of Zambia (FAZ) president Kalusha Bwalya, who attended the draws, said the teams in the group were tough and would need a lot of commitment from players and the technical bench.
"It' s tough Men's Nike Vapormax Flyknit Grey UK Sale , if you look at all the other teams that are there in Group F, they are all very difficult and tricky teams. Like Niger, we have not played them in a long time, but they are a very difficult side," he was quoted as saying by the paper.
"It' s a group we have to be wary about...just concentrate and continue with our training. We don' t have to leave anything to chance; it would be important for Zambia to go to Morocco in 2015," he added.
The qualifier games are expected to kick off on September 6, 2014.
BEIJING Men's Nike Vapormax KPU TPU All Black UK Sale , Sept. 7 (Xinhua) -- China's forex reserves rose for the 7th month in a row in August as the yuan gained strength and pressure of massive capital outflow eased, data from the central bank showed Thursday.
Forex reserves reached 3.092 trillion U.S. dollars by the end of August, increasing 10.8 billion dollars from a month earlier, according to the People's Bank of China.
It is the first time the reserves have expanded seven months in a row since June 2014.
In an online statement, the State Administration of Foreign Exchange (SAFE) attributed the rise to stable cross-border capital flows and balanced supply-demand in the forex market.
"Climbing asset prices in the global financial market also pushed up the stockpile," the statement said.
The U.S. dollar has continued to weaken against most major currencies last month due to weak economic data and uncertainty over monetary policy moves, which drove up the value of non-dollar assets in China's reserve holdings.
The dollar index Women's Nike VaporMax Moc Flyknit Triple Black Anthracite UK Sale , which measures the greenback against six major peers, edged down 0.3 percent last month, following a 2.89-percent drop in July.
There had been concerns over capital flowing out of the Chinese market in the second half of 2016, when the economy was facing looming downward pressures and the Chinese yuan was in the middle of a losing streak against the U.S. dollar.
In January, China's forex reserves had plunged below 3 trillion U.S. dollars, but as the economy stands on a firmer footing and the yuan continues to stabilize, the stockpile has increased steadily since February.
China's economy expanded 6.9 percent for the first half of 2017 Men's Nike Vapormax KPU TPU Black UK Sale , with consumption and services, together with new innovation-driven economic sectors, taking up larger roles in the economy, prompting global institutions such as the IMF to raise GDP forecasts for the country.
Along with the improvements in the economy, the value of the Chinese currency has been trending upwards.
The central parity rate of the renminbi strengthened 42 basis points to 6.5269 against the U.S. dollar Thursday, rising 6 percent from the beginning of the year, which shrugged off concerns of sharp depreciation.
Zhou Jingtong Men's Nike Vapormax Flyknit 2018 Black UK Sale , a senior researcher with the international finance institute of the Bank of China, attributed the yuan's rebound to combined factors including a stabilizing economy, weaker U.S. dollar and government restrictions on capital flows.
Chinese authorities have been stepping up efforts to curb aggressive overseas acquisitions by the country's ambitious dealmakers, including Dalian Wanda, HNA Group Co. and Anbang Insurance Group.
In a document last month, the State Council said overseas investments in areas including real estate, hotels Nike Vapormax Off White Black UK Sale , cinemas, the entertainment industry and sports clubs will be limited, while investments in some sectors such as gambling will be banned.
The document also imposed restrictions in the setup of overseas private equity funds or other investment platforms without specific projects and limited investments that do not meet technological, environmental, or safety standards of the destinations.
Looking forward, with efforts to advance structural reforms, the positive factors that underpin China's growth will continue to accumulate Nike Vapormax Off White White UK Sale , which will contribute to sustained stabilization in cross-border capital flows, according to SAFE.
The regulator said in July that the country was seeing its most balanced forex market supply and demand in three years due to an improving economy at home and abroad as well as an intensified crackdown on irregularities.
Thursday's data also showed that the country's gold reserves rose to 77.7 billion dollars by the end of August from 75 billion dollars at the end of July.
By Chen Qide in Dusseldorf, Germany
BEIJING, Nov. 2 (Xinhuanet) -- BASF SE - the world's largest chemicals company by sales - will invest 10 billion euros (13.5 billion U.S. dollars) with partners in the Asia-Pacific region by 2020 to boost growth, with half of it to be invested in the Chinese market.
Albert Heuser, president and chairman of BASF China, estimated that half of the investment will be used to strengthen the capabilities of existing plants Nike Vapormax Off White Black White UK Sale , expand research and development facilities, and launch new projects.
A source at the German company said the company will be responsible for collecting about 80 percent of the funds, with the rest raised by its partners.
Heuser said projects will be launched in Shanghai and in some western Chinese cities to meet the growing market demand.
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