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BEIJING Wholesale Kansas City Royals Jerseys , May 24 (Xinhua) -- China's Finance Ministry Wednesday dismissed a decision by international rating agency Moody's to downgrade China's credit ratings.


The downgrade was based on the "pro-cyclical" rating approach which is "inappropriate," the Ministry of Finance (MOF) said.


Moody's said Wednesday that it had downgraded China's long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable from negative.


The rating agency attributed the decision to expectations that China's economy-wide leverage would increase over the coming years, planned reform program would likely slow, but not prevent the rise in leverage Wholesale Houston Astros Jerseys , and sustained policy stimulus would cause rising debt.


"These viewpoints, to some extent, overestimate the difficulties facing the Chinese economy and underestimate the capabilities of China to deepen supply-side structural reform and expand overall demand," the MOF said.


China's economy started strongly in 2017. Gross domestic product grew 6.9 percent in the first quarter Wholesale Detroit Tigers Jerseys , above the full-year target of 6.5 percent and the 6.8-percent growth in the fourth quarter of 2016.


For the first four months, fiscal revenue jumped 11.8 percent, compared to 8.6 percent for the same period last year.


The MOF pointed to the strong performance as an effect of ongoing supply-side structural reform.


"China's economy is expected to maintain steady and relatively fast growth thanks to the deepening reforms in state-owned enterprises, finance Wholesale Colorado Rockies Jerseys , taxation and pricing, in addition to the implementation of the Belt and Road Initiative," the MOF said.


The ministry also refuted Moody's expectation that China's government debt-to-GDP ratio would rise to 40 percent in 2018.


"China's government debt risks are controllable overall, with a debt ratio of 36.7 percent in 2016 Wholesale Cleveland Indians Jerseys , well below the 60-percent warning line of the European Union and lower than those of other major developed or emerging economies," the MOF said. "Government borrowing will be under strict control under the backdrop of supply-side structural reform. And expected medium-to-high GDP growth in the coming years will also provide fundamental support for reining in local government debt risks."


The ministry said it was unlikely for China's government debt risks to see major changes in 2018-2020, compared to 2016.


Moody's also claimed that increases in China's local government financing platforms and debt owed by SOEs would lead to rising government contingent liabilities.


The ministry said this was "baseless."


According to China's laws on guarantee and budget, local government contingent liabilities include no more than the guaranteed debt they issue using loans from foreign governments or international organizations.


The debt owed by local or central SOEs must only be borne by the enterprises themselves instead of governments Wholesale Cincinnati Reds Jerseys , according to China's corporate laws.


Echoing the ministry, the National Development and Reform Commission (NDRC), China's top economic planner, said Wednesday that deleveraging Wholesale Chicago White Sox Jerseys , as a major task of the country's supply-side structural reform, was making progress and China's debt risks were controllable.


China's overall leverage ratio is at a medium level internationally and it is stabilizing, said the NDRC, citing data from the Bank for International Settlements.


China's Xiamen to hold 9th BRICS Summit


Water level of Huangguoshu Waterfall rises due to heavy rainfall


Chinese submersible Jiaolong descends to 4 Wholesale Chicago Cubs Jerseys ,811 meters in Mariana Trench


Activity held in east China to greet Dragon Boat Festival


Chinese submersible Jiaolong descends to 4,811 meters in Mariana Trench


In pics: sunset glow in Beijing


Scenery of Jiutai Taoist Temple scenic spot in NW China's Shaanxi


In pics: Hukou Waterfall of Yellow River in N China

Learn These Methods On Finding Clients For Your Linen Hire Business August 11, 2013 | Author: Betty Miller | Posted in Business

If you want to expand your linen hire service business, you need to know what’s going on around you. Knowing your market and where it’s likely to go is crucial for anyone to succeed. After all Wholesale Boston Red Sox Jerseys , how can you help customers if you don’t know what they might need now and down the line? Here are some tips to help you successfully read the market and expand.


It is important to have a good reputation for your linen hire service business online. Do an internet search for your linen rental company to see what customers are saying about you. People are more likely to tell the whole truth with the anonymity of the internet.


Ever heard of a ‘lumpy’ mailing campaign? It’s where you send samples of your products or promotional items such as a pen to your prospective mailing list. The lumpiness of the envelope frequently intrigues recipients–making them open the envelope to see what’s inside. It’s crafty suggestions like this that’ll get your linen hire service business noticed faster and growing stronger.


Developing a linen hire service business budget is something you must do properly. As long as you manage your finances sensibly then you can be ready for anything that comes your way. Lack of financial planning can ruin even a stable business.


Set up WiFi for your linen hire service business. It makes things more facile for you and your customers, especially if one owns a laptop or other WiFi capable device. WiFi is also not very expensive for the service you get. The router generally costs $100-200.


Seasonal discounts are a great way for you to draw in new customers, and they could potentially increase your long-term client base. You can also create a unique advertising campaign around a seasonal promotion to help increase sales and bring in more linen hire service bu. Cheap Jerseys Cheap Jerseys From China Cheap Jerseys China Cheap Authentic Jerseys Cheap NFL Sports Jerseys Cheap Jerseys China Free Shipping Wholesale Jerseys Cheap Wholesale Authentic Sports Jerseys Wholesale Sports Jerseys Cheap Authentic Soccer Jerseys