Postby Xuwanghuan » 2018-05-15 02:24

ROME Wholesale NHL Jerseys China , May 31 (Xinhua) -- Italian gross domestic product (GDP) will only recover to pre-2007 levels by the middle of the next decade at the current rate of growth, the governor of the Bank of Italy said in his annual report briefing on Wednesday.

In a speech at the Italian central bank in Rome, with European Central Bank chief Mario Draghi sitting in the front row, Ignazio Visco said the economic crisis Italy has only recently left behind was the worst since the 1930s.

"While the Italian economy has been expanding for the past two years, albeit weakly," GDP remains well below that of the Eurozone Wholesale NHL Jerseys , Visco said.

"(Eurozone) GPD growth should reach 2 percent this year, about double that of our country," the Italian central banker said.

"The economic development of our country is hampered by the rigidity of the context in which businesses operate, by weak productivity, and insufficient employment," Visco said. "Overall Wholesale Authentic Jerseys , wide margins of unutilized capacity remain (in our economy)," he said.

Visco added that the employment issue is "central" if Italy is to make a full economic recovery.

"An increase in labor market participation and an efficient and rational assimilation of immigrants into the labor market are necessary elements for the development of the country," he explained.

According to data released by the Italian National Institute of Statistics (ISTAT) on Wednesday, the country's unemployment rate stood at 11.1 percent in April, down 0.4 percent over the previous month. Youth unemployment stood at 34 percent.

The central bank governor added that Italy's public debt and the deteriorated loans held by its banks "reduce the margins for maneuver of the state (and) make the Italian economy vulnerable to market turbulence."

Italy must "continue removing the obstacles to business activity, encouraging competition Wholesale Jerseys Cheap , and stimulate innovation" if it is to come out of the slump, said Visco.

The government must also "resume spending on public investments, which have been dropping since 2010," Visco said.

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TOKYO, May 31 (Xinhua) -- Tokyo stocks lost ground Wednesday morning as Wall Street's losses overnight set a weak tone early on, compounded by the yen's appreciation against the U.S. dollar impacting exporter issues.

The 225-issue Nikkei Stock Average edged 17.22 points Wholesale Jerseys Online , or 0.09 percent lower, from Tuesday to 19,660.63.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, shed 3.43 points, or 0.22 percent Wholesale Jerseys From China , to 1,569.24.

Mining, oil and coal product, and bank-related stocks comprised those that declined the most by the morning break.

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The Unfavorable Factors Now Facing Shoe Industry in China

More Cost for Labors

The Uprising in RMB

Raw Material Price Keeping Rising

Foreign Anti-dumping Charges

America Sub-prime Mortgage

The ?Red Sea? Competition Within Shoe Manufacturers Themselves

Shoe Export Slows Down

Guangdong, a province in south China Wholesale Jerseys China , exported 490 million pairs of shoes in January and February 2008, valued at USD 1.59 billion, decreasing 27.5% and 0.6% from one year before, citing customs statistics.

From September 2007, Guangdong's export of shoes began to fall, 18.5% year on year in November of the year and 20.3% and 35.7% in January and February 2008. Besides Wholesale Jerseys , in the first two months, the number of shoes exporters in the delta decreased 1,855 year on year to 1,512, due to a rising renminbi, the US' subprime mortgage crisis and a rise in China's labor cost.

China has 40 Wholesale Vegas Golden Knights Jerseys ,000 shoe manufacturing plants with annual output of 6.5 billion pairs, accounting for 20 percent of the world's total. However, 85 percent of them are middle and low-end products. Experts suggest that China's shoe industry development should base itself on fashion culture and advanced management concepts, transforming the industrial strategy from simple manufacturing to brand promotion.Half of the country's shoe output originates in south China's Guangdong province, but most shoe factories there are small in scale and use simple manufacturing processes without much added value.

Four Manufacturer Bases of Footwear Industry in China

Guangdong Province

Many factories Close-downs is the must paid price for the industry transformation

Jingjiang City in Fujian Provice

Who will laugh at last? The ?red sea? competition condition for the sports shoe in Olympic 2008 is getting more and more fierce.

Jiangsu Province

Brand cultivating and promotion is the core

Making technological innovations and taking the lead with technologies

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