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#1 2018-11-22 08:46:40

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TOKYO Authentic Markus Golden Jersey , May 11 (Xinhua) -- Tokyo stocks closed higher Thursday, with the Nikkei edging towards the psychologically important 20,000 threshold, as exporter shares were buoyed by the yen's retreat against the U.S. dollar.


The 225-issue Nikkei Stock Average added 61.46 points, or 0.31 percent, from Wednesday to close the day at 19,961.55.


The broader Topix index of all First Section issues on the Tokyo Stock Exchange Authentic D.J. Humphries Jersey , meanwhile, rose 1.67 points, or 0.11 percent, to end at 1,586.86.


Nonferrous metal, bank and rubber product-linked issues comprised those that gained the most by the close of play, with advancing issues outnumbering declining ones by 979 to 877 on the First Section.


Trading volume on the main section on Thursday came to 2 Authentic Budda Baker Jersey ,292.02 million shares, up from Wednesday's volume of 2,169.89 million shares.


The day's turnover on the penultimate trading day of the week totaled 2,793.2 billion yen (24.47 billion U.S. dollars).


China's Yiwu witnesses success of Iranian businessman


A cabin on the moon? China hones the lunar lifestyle


Philippine Navy commissions 2nd amphibious landing dock vessel


Buddha Jayanti festival celebrated in Nepal


Chinese submersible explores turbidity current in South China Sea


Straw art gala held in E China's Shandong


Xinjiang Int'l Grand Bazaar held in Urumqi, NW China


8th China Peking Opera art festival to be held in Nanjing

"

By Xinhua writer Zhang Zhongkai


BEIJING, March 18 (Xinhua) -- The Economist Intelligence Unit warned the world that China was set for a hard landing in its latest global risk analysis report, but closer inspection shows it to be a false alarm.


The forecasting and advisory services provider issued a report Thursday rating a sharp economic slowdown in China as their top risk scenario Authentic Haason Reddick Jersey , on the back of concerns over the country's febrile manufacturing sector, rising debt and growing downward pressure on the renminbi, due to capital flight.


The think tank is right that the Chinese economy is experiencing headwinds, however, this is hardly breaking news. The country's leadership has spoken at length about the challenges brought by the new normal and structural reform.


The manufacturing sector is struggling. Industrial investment is falling, the trade environment is worsening and overcapacity is weighing upon the sector. However, manufacturers are busy upgrading their systems and equipment Authentic Patrick Peterson Jersey , which will create a more competitive, innovative environment.


Yes, the debt level is not low, but it is still manageable. The capital adequacy ratio of China's commercial banks is still below the international warning line, while their provision coverage ratio is above the government's requirement. Moreover, local government debt pressure will be eased by public-private-partnerships in costly infrastructure projects.


Some weakening of the Chinese yuan in the short term is understandable. China's forex controls have been loosened and the Federal Reserve's interest rate adjustment will unavoidably lead to capital outflows. Nevertheless, there is no basis for substantial yuan depreciation as China's trade surplus and forex reserve are more than adequate and its foreign debt is low.


However Authentic Larry Fitzgerald Jersey , the report is right about one thing: Countries are increasingly dependent on China's economy for investment and products. A sharp slowdown would have a severe knock-on effect worldwide and is a scenario that nobody wants to see.


The government's efforts to stabilize the stock market are part of measures to avoid financial risk spilling over to the whole country and the rest of the world, which is understandable and necessary in emergency cases and won't compromise the country's drive to give the market bigger sway in the long run.


Despite the challenges, China is determined to keep GDP growth at a minimum of 6.5 percent this year while pressing ahead with economic restructuring.


It is a difficult balancing act for China, policymakers must walk a fine line between preventing systematic risks and reducing overcapacity while at the same time avoiding a credit bubble.


Fortunately, the government has ample means to revive economic confidence, ranging from more flexible fiscal and monetary policies to more targeted industry and public support.


Forewarnings are necessary to keep the world economy on track, but exaggeration only causes unnecessary panic Authentic Chandler Jones Jersey , upsetting it.


The headwinds challenging China's economy are there, and the country is facing them square-on and will hopefully navigate them skillfully.

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