DUBAI Albert Wilson Jersey , May 22 (Xinhua) -- Experts at the ongoing Middle East Investment Summit 2017 in Dubai said Monday that China is leading the global emerging markets boom in 2017, which is expected to see combined GDP rise of 4.6 percent.
Renowned Singapore-based fund manager Mark Mobius, Executive Chairman at Temepleton said here on Monday he expects the combined gross domestic product (GDP) of 70 emerging markets globally to rise by 4.6 percent in 2017 compared to 1.8 percent in the developed world, with China taking a lead based on a rising middle class and the growing Internet usage.
Delivering a key note at the two-day Middle East Investment Summit 2017 organised by UK research firm Terrapinn which started today, Mobius said "China's population has a 22 percent world share in internet usage Frank Gore Jersey , its young tech-savvy population and the fast expanding tech-firms like e-commerce giant Alibaba Group are only two factors why we are bullish for China."
Online sales in China were outshining sales in the developing world, said Mobius. Major western consumer goods giants like Dutch-British firm Unilever "are technically emerging markets firms as Unilever generates 60 percent of its revenues in the emerging world, with China again taking a lead."
"Alibaba's recorded sales revenue on the China's shopping festival Singles Day, which takes place always on the 11th of November in China, reached 17.8 billion dollars in 2016."
He urged investors "not to look at the value of Chinese imports Danny Amendola Jersey , but at the quantity." While China's iron ore and oil imports for example declined, "both the quantity of imported iron ore and oil both rose constantly in the last two years. It is the quantity what counts, not the value as newspapers often suggest in their reports," he said.
On market timing, Mobius said "you should invest into emerging market shares when you have money. The GDP value gap between emerging and developed countries is still huge and as an investor you can only benefit from the low and middle income economies catching-up-race which will last for next decades."
VIENNA Robert Quinn Jersey , Aug. 27 (Xinhua) -- Five people were killed and one seriously injured following a mountaineering accident in west Austria's Salzburg state on Sunday morning.
The accident occurred at Mannlkarscharte in Krimml municipality, southwest of the city of Salzburg.
Local newspaper The Krone reported that the incident occurred when the group of six reached an area located underneath a glacier. The rocks in that area were very loose, and appear to have caused the accident.
Another group of mountaineers about 30 to 50 metres behind observed the events, and stated that one of the group, that were roped together Vincent Taylor Jersey , wanted to turn back due to the risk involved. The others agreed, but as they turned to make their way back, a person in the group lost his footing and fell, pulling the others with him.
They fell about 100 metres onto a rock outcrop, before tumbling about the same distance yet again.
A mountain guide who observed the incident notified the authorities who sent rescue crews and helicopters. Rescue efforts were reportedly made difficult due to the risk of falling rocks.
The sole survivor was airlifted to hospital in critical condition Jakeem Grant Jersey , and has since been reported to have stabilized.
One of the deceased meanwhile has been identified as a 34-year-old German from the nearby state of Bavaria, with authorities believing it is likely the entire group came from there.
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BEIJING Bobby McCain Jersey , Aug. 28 (Xinhua) -- The Chinese military will remain vigilant and firmly defend national territory and sovereignty following a military stand-off between China and India, a military spokesperson said Monday.
""Peace and stability along China-India border concerns regional peace and stability and accords with the common interests of the two peoples,"" said Wu Qian, spokesperson for the Ministry of National Defense.
India has withdrawn its personnel and equipment from Dong Lang (Doklam) after the stand-off that lasted more than two months.
""We remind India to draw lessons from the stand-off, abide by established treaties and the basic principles of international law Jesse Davis Jersey , and work together with China to safeguard peace and stability along the border and promote the healthy development of the two militaries,"" he said.
The spokesperson said that the Chinese military is confident and capable of safeguarding national sovereignty, safety and the interests of development. It is also confident and capable of making a bigger contribution to world peace.
" Business > Business ManagementSchneider Electric sets up Centre of Excellence in Bengaluru
Posted by schneiderelectric in Business on November 8th, 2017
Schneider Electric today announced setting up of a Centre of Excellence (CoE) situated in the premise of New Horizon College of Engineering (NHCE) in Bengaluru.
The training centre will carry out vocational training programmes in initial and continuing education in the fields of electricity, automation and energy management.
The tripartite pact was signed in Bengaluru between the The French Ministry of National Education Kenyan Drake Jersey , represented by Marianne de Brunhoff, Director to European and international relations and . Cheap Nike Vapormax Flyknit Cheap Old Skool Black Cheap Old Skool Black Cheap Old Skool Womens Cheap Old Skool Checkerboard Cheap Old Skool Pink Air Max 1 Sale Air Max 2018 Womens Sale Cheap Air Max Shoes Cheap Air Max 1 Shoes