BUDAPEST Women's Adidas Originals NMD City Sock 2 PK Pink/White , June 23 (Xinhua) -- Hungary's parliament adopted the country's 2016 budget at a special session on Tuesday, fully six months ahead of the usual adoption date Men's/Women's Adidas Originals NMD City Sock 2 PK White , with 119 MPs voting in favor and 63 opposed.


The approximately 15,800 billion forint (about 57.5 billion U.S. dollars) budget includes a deficit of about 761 billion forints and a government debt of about 25 Men's Adidas NMD XR1 Primeknit Triple Black ,898 billion forints or roughly 73.3 percent of gross domestic product, down by 1 percentage point from the 2015 figure.


The budget calls for a 1 percentage point drop to 15 percent in the current personal income tax Men's/Women's Adidas Originals NMD XR1 Triple Black , now at a rate of 16 percent. The Value Added Tax has been left unchanged at 27 percent, and is currently the highest in the European Union.


The budget has reduced the special tax on banks (one of the steepest in Europe) by 65 billion forints in an effort to boost lending. The special tax on the telecom sector Adidas Originals NMD XR1 Grey/White UK , amounting to 56 billion forints, has remained in place.


Hungary has a foreign debt of 5.5 billion euros (6.16 billion U.S. dollars) due in 2016.


BRUSSELS nike cortez ultra breathe black , May 29 (Xinhua) -- A survey published on Friday by the European Commission showed that among e-cigarettes users, only 14 percent were able to stop smoking nike cortez ultra moire khaki , indicating that e-cigarettes are not particularly effective as a quitting tool.


The survey by Eurobarometer was published ahead of World No Tobacco Day on Sunday, and reveals a downward trend in tobacco use across Europe.


The Eurobarometer reveals some interesting figures on e-cigarettes nike classic cortez white , a relatively new product. While 12 percent of Europeans have tried e-cigarettes, 2 percent are currently using them. These numbers have significantly increased since 2012.


Younger Europeans are more likely to have tried them. While 67 percent of Europeans are most likely to start using e-cigarettes in order to reduce or stop smoking nike cortez uk , just 21 percent of smokers were able to cut down with these products and only 14 percent were able to stop smoking.


With the above figures, the survey said that e-cigarettes are not particularly effective as a quitting tool.




BEIJING， Oct. 20 (Xinhua) -- China's economy expanded at a steady 6.7 percent in the third quarter and appears on track to meet the government's full-year target， leaving room for more deleveraging efforts as easy credit has stoked financial risks.


As external demand remains soft， the stabilization of China's economy is largely propped up by improving domestic demand accompanied by increased government spending and bank lending， especially in the property and automobile sectors.


With GDP growth on track， the government has signaled a shift in policy focus away from stimulus and toward containing financial risks caused by easy credit.


China's new lending boomed again in September with loans to households continuing to grow rapidly， official data showed Tuesday， adding to concerns that consumers were following the same high-leverage path as corporations.


To deleverage the economy， the government rolled out a debt-for-equity swap program in early October to bring down the corporate leverage ratio， while over a dozen Chinese cities have introduced measures to cool overheated markets and crack down on speculators， leading to marked drops in sales.


China will release the September property prices of 70 major cities on Friday， which could see both month-on-month and year-on-year increases.


Economists believe the greatest near-term risk for China is a possible sharp correction in the red-hot property market， which accounts for about 15 percent of GDP.


The negative impact on fixed asset investment growth from property tightening may be immediate， but more moderate compared with the 2012-2013 tightening cycle， said Liang Hong， chief economist with China International Capital Corporation Limited， in a research note.


On the other hand， more personal wealth may be allocated to consumption growth compared with the "panic-buying" phase of the property boom， while the lagging wealth effect from property price inflation in the past year may also pass through to stronger discretionary consumption growth in the next four to five quarters， Liang added.


With the groundwork done in recent months to step up public-private-partnership project implementation， and a lagging lift from the earlier release of special construction funds and related credit， we may not see the government push much more on fiscal policy until growth weakens markedly， said UBS China economist Wang Tao.


More targeted property cooling measures are possible if buyer sentiment in overheated cities does not ease soon， Wang said， adding no notable credit acceleration or interest rate cuts are expected by year-end.


Japanese securities trader Nomura predicted in a research note that China's central bank will maintain a tighter liquidity regime than in the first half of 2016 in an attempt to curb excessive financial leverage and maintain a positive yield spread over G3 markets to slow the pace of foreign exchange outflows.


Nomura raised its 2016 real GDP growth forecast to 6.6 percent from 6.5 percent given stronger-than-expected Q3 growth while maintaining its Q4 GDP growth forecast of 6.4 percent year on year.




NEW YORK， Oct. 7 (Xinhua) -- Oil prices ended slightly lower on Friday after investors took profit from recent rally.


Oil prices had advanced over 11 percent since the Organization of the Petroleum Exporting Countries reached a deal last Wednesday to cut crude output for the first time in eight years.


The group' s oil ministers are expected to hammer out the final details of an agreement at their next official meeting on Nov. 30 in Vienna.


A surprise weekly drawdown in U.S. crude inventories also supported the oil prices in the previous sessions.


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