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in F r e i s t i l 30.12.2018 03:07
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BRASILIA Adidas Ultra Boost Mens Sale , July 26 (Xinhua) -- China's better-than-expected economic growth has a positive impact on Brazil's otherwise flagging economy, especially in the primary products sector, said a leading economist.

Jose Luiz Oreiro, professor of economics at the University of Brasilia, said he believes China's 6.9-percent GDP growth in the first half of 2017 has helped to lift Brazil out of its economic doldrums.

"In the first quarter, the only sector that saw real growth in Brazil was agribusiness with a 13-percent increase," said Oreiro, adding that "steel also has reasonable prices due to China's growth, so China's added growth has been good news for the Brazilian economy."

As to China's economic indicators announced last week, the economist said "the result does not surprise me. We expected to see a more moderate growth in China compared to previous years (with a double-digit growth), so the 6-7 percent growth per year is a new norm."

China's economic growth helped sustain the prices of Brazil's commodity exports, offset slowdowns in other sectors of Latin America's largest economy, and also signaled a coming recovery for the global economy, which has been struggling since the 2008 financial crisis, said Oreiro.

"The global economy appears to be getting into third gear. The developed economies are seeing sped-up growth. As the world's second largest economy, China's accelerating growth is important in providing a greater impetus to the global economic growth," said the economist.

However, the main challenge for China will be to reduce its "huge savings rate" to sustain a new growth model that relies more on domestic consumption.

"China will have to put in place social security policies, state-paid pensions, a universal public health system, etc. to reduce the savings rate and promote spending, since the Chinese middle class will no longer need to save for medical treatment and thus will buy more consumer goods," he said.

"It is the transition China needs to complete, so that its consumption will represent a larger GDP share. In recent decades, the Chinese economy has been driven by investments and exports, now it needs to give a greater role to spending," said Oreiro.

The outlook for Brazil's economy remains "very bad" though a slight growth was registered in the first quarter of 2017, thanks to a bumper harvest of soy and grains, Oreiro said, adding that "the effect won't last, and my forecast for 2017 Brazilian economy is zero percent growth."

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MADRID, Jan. 2 (Xinhua) -- The Spanish BBVA Primera Liga will kick off again on Saturday after a week off for Christmas and New Year and for once the most attractive game of the weekend fails to involve either FC Barcelona, Real Madrid or Atletico Madrid.

Although the top-three are all in action, the best game of the weekend without doubt is the Basque derby that takes place in the Anoeta Stadium in San Sebastian between fifth-placed Real Sociedad and fourth-placed Athletic Club Bilbao: two historic clubs looking to qualify for next season's Champions League.

Athletic have got better and better under coach Ernesto Valverde, recovering the fresshness and confidence that was lacking last season, and can expect to take around 2,000 travelling fans to San Sebastian for a game that could see them open up a seven point lead over their nearest rivals for fourth place in the league.

Real Sociedad, meanwhile will look to the firepower of forwards Carlos Vela and Antoine Griezmann to see them continue to make up ground. The side from San Sebastian failed dismally in the Champions League, but their form has improved drastically in the domestic competition and with Griezmann in form they will be tough to beat on home soil.

Atletico Madrid can go top of the table for 24 hours on Saturday if they take a point from their visit to Malaga.

Malaga have been irregular through

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