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Old 02-05-18, 10:54
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SEOUL: North Korea has been observed moving what appeared to be an intercontinental ballistic missile (ICBM) towards its west coast Nike Air Max 90 Sale Clearance , South Korea's Asia Business Daily reported on Tuesday, citing an unidentified intelligence source.


The rocket started moving on Monday, a day after North Korea's sixth nuclear test, and was spotted moving at night to avoid surveillance, the report said. North Korea has launch facilities for its missile programme on its west coast.


South Korea's defence ministry said they were unable to confirm the contents of the report. The ministry said in parliament on Monday that North Korea was considered ready to launch more missiles, including ICBMs Nike Air Max Sale Clearance , at any time

A construction worker bolts together high-speed rail track in Urumqi in the Xinjiang Uygur autonomous region.

Investment will increase demand for steel, absorb overcapacity


China's railway construction boom will help boost the struggling steel, cement, glass and other heavy industries to put the country's economic growth on a firmer footing in the second half of this year.


Earlier economic indicators suggested that China's 2014 first-half growth had slipped below the annual target of 7.5 percent, which pushed the government to take more decisive measures to manage a healthy growth pace.


China Railway Corp, the country's railway operator Air Max 2017 Sale Clearance , raised the 2014 railway fixed assets investment budget from 720 billion yuan ($116.47 billion) to 800 billion yuan in May, a clear attempt to kick-start its slowing economy. The investment will be used in the construction of 48 new railway projects in the second half of this year.


Zhao Jian, a professor of railway development at Beijing Jiaotong University, said accelerating railway construction will certainly help China increase the effective demand for steel, cement and other heavy industries, while absorbing overcapacity.


The country produced 411.91 million metric tons of crude steel in the first half of 2014 Air Max 2018 Sale Clearance , or 3 percent higher than a year ago. In the meantime, pig iron output grew 0.5 percent year-on-year to 362.02 million metric tons, while rolled steel production increased 6.4 percent to reach 552.25 million metric tons.


However, data from the China Iron and Steel Association show the steel industry has excess capacity between 180 million metric tons and 240 million metric tons. Chinese steelmakers have incurred huge losses.


China aims to extend the total length of track being constructed to more than 7,000 kilometers this year, up 25 percent from the actual construction completed in 2013.


"In comparison with other economic stimulus packages Air Max 90 Sale Clearance , railway construction investment is a practical way of supporting the job market and has an immediate effect to support the country's growth," said Zhao. "It will also push forward urbanization and reduce regional inequality."


Wang Mengshu, an academic at the Chinese Academy of Engineering, said the new round of expansion should cover every provincial capital in the country, bringing with it vast economic benefits, especially in western China.


China has 100 Air Max Sale Clearance ,000 km of railway, to serve a population of 1.37 billion; yet the United States has 272,000 km of track for a population of 300 million people.


"The expansion of various railways, including high-speed, freight rail and more intercity services, can bring so much more than just convenience. It has the ability to change people's lives and the country's trade structure Nike Air Max 2017 Sale , and as a result I foresee much better dispersal of the population," Wang said.


To gain sufficient funds for these new rail projects, the central government in July unveiled a guideline on management of a fledgling railway development fund to attract private investment into the railway sector.


The China Railway Development Fund managed by the CRC will last for 15 to 20 years and could be extended if approved by the State Council. The CRC will sign agreements with private investors and propose the amount of annual fundraising.


The fund will be prevented from being invested in high-risk investments such as guarantees, futures or derivative financial products.


He Jingtong, professor of finance at the Tianjin-based Nankai University, said even though it is a flexible improvement to raise funds from the public Nike Air Max 2018 Sale , the CRC's debt is too high and it still has administrative and monopoly operation power. Therefore, it won't be easy for investors to buy the new railway bond or stocks within a short period.

A giant apple statue was seen in Liaocheng city, Shandong province recently. It was 8 meters high, attracting many visitors from nearby villages. A giant apple statue was seen in Liaocheng city, Shandong province recently. It was 8 meters high, attracting many visitors from nearby villages. A giant apple statue was seen in Liaocheng city Nike Air Max 90 Sale , Shandong province recently. It was 8 meters high, attracting many visitors from nearby villages. A giant apple statue was seen in Liaocheng city, Shandong province recently. It was 8 meters high, attracting many visitors from nearby villages. A giant apple statue was seen in Liaocheng city, Shandong province recently. It was 8 meters high, attracting many visitors from nearby villages. A giant apple statue was seen in Liaocheng city Nike Air Max Sale , Shandong province recently. It was 8 meters high, attracting many visitors from nearby villages.

MADRID, Aug. 15 (Xinhua) -- FC Barcelona coach Luis Enrique put a brave face on things after his side's dream of winning six trophies in 2015 was dealt a huge blow by Athletic Club Bilbao late on Friday night.


Aritz Aduriz scored a hat-trick for Athletic who defeated Barca 4-0 in the first leg of the Spanish Supeercup, meaning Barca need to produce something very special if they are to turn things around in front .
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