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BEIJING http://www.nbanuggetsteamshop.com/customized/ , April 10 (Xinhua) -- China can achieve its economic growth target set for 2015 thanks to a package of measures aimed at stabilizing growth and boosting the world economy, Yu Bin, a researcher with the Development Research Center of the State Council, forecast on Friday.

The official growth target was set at around 7 percent by the Chinese government in March at the annual session of the National People's Congress.

Speaking at a routine briefing on government policies, Yu said China's economic growth is maintaining its momentum despite slowing.

Consumption is contributing more to China's economy although investment growth has declined, said Yu. Consumption contributed 51.2 percent to gross domestic output (GDP) growth last year http://www.nbanuggetsteamshop.com/ , three percentage points more than the previous year.

China's economic rise over the past two decades relied on enormous capital investment and exports backed by a huge, cheap labor force, but that can't last forever.

To steer the economy onto a more sustainable track, the government has been at pains to drive more domestic consumption, rather than over-relying on investment and exports.

Yu believed the service sector will play a part helping growth.

Data from the National Bureau of Statistics (NBS) showed that the country's service sector represented 48.2 percent of China's GDP in 2014, up 1.3 percentage points from a year earlier.

The global economy as a whole is getting better http://www.nbanuggetsteamshop.com/womens-wilson-chandler-basketball-jersey/ , Yu says.

Hopefully this year will be better than last year as the European Central Bank announced its quantitative easing program in March and the U.S. Federal Reserve is likely to raise the interest rates.

Confronting the downward pressure, it is crucially important to strengthen rebalancing efforts.

Yu Bin forecast China's retail sales will grow 11 percent year on year in 2015, a slight slowing from the 12-percent annual gain seen in 2014, which he said would be attributable to sluggish property and auto sales.

A Moody's research note in January estimated property sales in China will decline by up to 5 percent in 2015, compared to a 7.8-percent decline in 2014.

China's auto sales growth slowed in the first quarter this year, according to data issued by the China Association of Automobile Manufacturers on Thursday. The 3.9-percent year-on-year growth marked a significant deceleration from the 9.2-percent rise in the first quarter of 2014 and the 6.9-percent increase for the whole of 2014.

Latest NBS data shows China's consumer price index http://www.nbanuggetsteamshop.com/womens-will-barton-basketball-jersey/ , the main gauge of inflation, grew 1.4 percent year on year in March. The reading remained the same as in February, when it rebounded from January's 5-year low of 0.8 percent.

Despite stabilizing consumer inflation, the world's second largest economy may need further loosening measures, economists said.

India’s performance at the 2012 Summer Olympics held in London was what one would call ‘mediocre’. We took home six medals of which, four were bronze and two were silver. Compared to the total tally of China and the United States http://www.nbanuggetsteamshop.com/womens-tyler-lydon-basketball-jersey/ , ours would most probably amount to nothing, but then again six medals are definitely better than zero medals any given day.

The very first medal India received at the Olympic Games came from Gagan Narang, a shooter who won the bronze medal, also known as the third prize, in the men's 10 m air rifle event. The other shooter that India sent along with Narang, Abhinav Bindra http://www.nbanuggetsteamshop.com/womens-trey-lyles-basketball-jersey/ , failed to qualify for the semifinals. He had secured the bronze by a hair’s breadth, with a final score of 701.1. Though his performance at the Olympic Games was below his personal best, he did win the country its third shooting medal in Olympic history. When asked about his sentiments regarding the win, he admitted that though he was slightly disappointed at the outcome, he is enthralled at being known as an Olympic medalist here on out. Stands to reason, since being an Olympic medalist comes with its own perks http://www.nbanuggetsteamshop.com/womens-richard-jefferson-basketball-jersey/ , especially with in the country. Besides the two crores and twenty lakhs he received as cash prize, he was also awarded two kilograms of gold by Sahara India Pariwar.

Ever since his first brush with the rifle at the age of six, he has honed his skills to claim a number of plaudits and awards. Even though an Olympic gold is missing, Gagan Narang profile is replete with gold medals won in other tournaments. He is a gold medalist in the 2003 Afro Asian Games and the 2006 World Cup. During the 2006 Common Wealth Games held in Melbourne Australia, he won four gold medals. He repeated the same performance at the 2010 Common Wealth Games held in Delhi where he not only collected four gold medals but also set up a new record of a perfect 600 in the Men's 10 m air rifle singles event.

He has won gold in between, at the 2008 World Cup in China. During the 2010 Asian Games http://www.nbanuggetsteamshop.com/womens-paul-millsap-basketball-jersey/ , he got the country two silver medals, on the opening day of the Games itself. In 2010, he was conferred with the Padma Shri title for his outstanding achievements in the sports field. In short, It pays to be an Olympic winner, even if it is bronze medal one.
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