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|" NEW YORK Duane Brown Jersey , Aug. 10 (Xinhua) -- The performance of the Chinese economy has been very impressive since the global financial crisis, a U.S. economist said in a recent interview with Xinhua.
Since the fourth quarter of 2008, average quarterly real GDP growth in China has been 8.2 percent year on year, while the equivalent figures for the United States and euro area are 1.4 percent and 0.4 percent, respectively, said Paul Sheard Frank Clark Jersey , executive vice president and chief economist of American financial information service provider, S&P Global.
China's high growth in the wake of the 2008 financial crash reflected its high economic growth potential and the strong growth momentum helped by its full-fledged entry into the global economic trading system in 2001, but it also reflected the very effective policy response to the shock of the crisis, the expert said.
""China quickly mobilized fiscal and monetary policies on a large scale when the crisis hit the developed world and China's major export markets. China successfully steered its economy away from reliance on external demand to more reliance on domestic demand, particularly infrastructure investment,"" Sheard said.
The massive infrastructure investments by China served several purposes simultaneously: keeping the Chinese economy from negative effects of the crash Rees Odhiambo Jersey , helping to correct unsustainable macroeconomic imbalances, and accelerating the accumulation of the urban and transportation infrastructure contributing to China's continuing economic development.
However, China's post-crisis credit-fueled investment in infrastructure and residential housing also leads to a build-up of debt and credit in the economy. In this context, China's economic reforms are important.
""It is important that institutional and market-enhancing reforms continue to be implemented that create the right incentives for capital to be allocated efficiently, for economic enterprises to be well managed and for the necessary rebalancing of the economy to take place away from excessive reliance on investment and towards household consumption becoming the key driver of economic growth and rising living standards,"" said Sheard.
China's economy expanded 6.9 percent for the first half of 2017 Jarran Reed Jersey , with consumption and services, and new innovation-driven economic sectors taking up larger roles in the economy, data from the National Bureau of Statistics (NBS) showed.
China's economy has gone forward in a rapid pace since the financial crisis and has been a greatest contributor to the global economic growth.
""Global growth has been running in the low threes to three and a half percent range since then and we expect growth of about three and half percent to continue for the foreseeable future,"" Sheard said.
The economist expected the U.S. economy to continue to grow at a little above 2 percent, China in the mid-6 percent range, the euro area and the Britain at around 1.5 percent Germain Ifedi Jersey , and Japan at around 1 percent.
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THE fraternal directing duo of Josh and Benny Safdie make urban odysseys that flow with the quicksilver currents of New York City. You can feel the gum-stained pavement under your feet. You can smell the Q train.
The Safdies were already an electric new energy in cinema but in the ironically titled caper “Good Time,” they have quickened their already kinetic pace. This movie, wild and erratic, is downright blistering.
Many of their gritty, abrasive tales emanate directly from the street; that’s where they found the homeless, heroin-addicted protagonist (Arielle Holmes) of their last film Tedric Thompson Jersey , the verite “Heaven Knows What.” The same could not be said for the star of “Good Time”: Robert Pattinson. The “Twilight” actor, captivated by a still from “Heaven Knows What,” contacted the Safdies and out came “Good Time.”
It goes without saying that this is a long way off from “Twilight.” Yet Pattinson has quietly assembled an impressive filmography with the likes of David Cronenberg and James Gray, in whose “The Lost City of Z” made such a distinct impression this year.
In “Good Time,” he plays Connie, one of two brothers from Queens. The other Amara Darboh Jersey , Nick (played by co-director Benny Safdie), is mentally challenged. With no parents apparently on the scene, Connie is Nick’s keeper, and a highly questionable one at that.
Connie believes in his brother — too much, you could say. Moments after fleeing the doctor, he’s ordering Nick to put on a cheap Nazair Jones Jersey , rubbery black face and leading him into a bank robbery at a teller window. Not since “Dog Day Afternoon” has a more unprepared pair tried their hand at an ill-considered heist. They emerge with US$60,000 in cash but soon after their livery cab driver picks them up, a dye pack explodes and the brothers spill out of the car in a cloud of red smoke.
From here, it’s a nonstop freefall.
Along the way, Taliah Webster, as a black teen exploited by Connie Delano Hill Jersey , and the “Heaven Knows What” actor Buddy Duress, give terrific performances.
“Good Time” flies by in a rush of neon colors and the throbbing electro score of Oneohtrix Point Never.
The cinematography of Sean Price Williams is exceptionally agile. In the style of Robert Altman’s “McCabe & Mrs Miller,” Williams fuses grainy realism with frozen moments held in a lengthy zoom. And in close-up, we see Pattinson more clearly than ever before. His performance — sensitive and controlled amid the chaos
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