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" Gou Zhongwen Authentic Jalen Ramsey Jersey , director of China's General Administration of Sport, recites a congratulatory letter sent from Chinese President Xi Jinping, during the opening of the BRICS Games at the Guangzhou Baiyun International Convention Center in Guangzhou of south China's Guangdong Province, June 17, 2017. The first-ever BRICS Games raised its curtain here on Saturday evening. (XinhuaLiu Dawei)
BEIJING Authentic Will Richardson Jersey , June 17 (Xinhua) -- Chinese President Xi Jinping sent a congratulatory letter to the 2017 BRICS Games which opened in Guangzhou on Saturday.


The launch of the first BRICS Games marked an important consensus reached by the BRICS leaders at the Goa Summit in 2016.


While noting each BRICS member country has its own distinct strengths in regards to sports, Xi said he believes that the BRICS Games will provide a unique opportunity to improve performance, popularize traditional sports, promote sports development and enhance friendship among peoples.


""I hope athletes on all sides will display true sportsmanship and excel in the Games,"" the president said in the letter.


The BRICS Games features five BRICS member countries - Brazil Authentic DJ Chark Jersey , Russia, India, China and South Africa, with 10 events up for grabs in three sports - men's basketball, women's volleyball and Wushu.


The 2017 BRICS Games Authentic Taven Bryan Jersey , seen as a prelude to the 2017 BRICS Summit to be held in Xiamen, is a clear indication that economic and sporting development are closely linked.


Xi said that the Xiamen Summit is expected as an opportunity to make new advances in the area of cultural and the people-to-people exchanges and cooperation, which in turn will help cement public support for BRICS cooperation.

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HOHHOT, Aug. 16 (Xinhua) -- A total of 16 suspects were arrested and 27 tonnes of narcotic materials were seized in an operation in north China's Inner Mongolia Autonomous Region, local police announced Wednesday.


Police received information late March that a drug-making ring Authentic Logan Cooke Jersey , headed by a suspect surnamed Chen, had come to Chifeng City. Police raided their works in late June and found 17 devices used to produce drugs.


With a daily production capacity amounting to one tonne of drugs, it is by far the largest drug-making workshop ever found in Inner Mongolia, the police said.


An investigation in early August netted 16 suspects and confiscated over 27 tonnes of raw materials.


Investigation into the case continues.


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BEIJING, March 29 (Xinhua) -- China's central bank on Wednesday skipped the open market operations of reverse repos Authentic Ronnie Harrison Jersey , siphoning liquidity from the market.


This was the fourth consecutive business day that the People's Bank of China (PBOC) has halted the open market operations of reverse repos, a process where it purchases securities from banks with an agreement to sell them back in the future.


This meant that there was no injection of short-term funds into the banking system, which led to a net cash withdrawal, as previous reverse repos matured Wednesday and drained 70 billion yuan (10.16 billion U.S. dollars) from the market.


The PBOC said in a statement that liquidity in the banking system was ""at an appropriate level"" as the government continued with its fiscal spending near the end of the month.


Fiscal expenditures mean fiscal deposits flow into commercial banks from the central bank, thus improving market liquidity.


However Authentic Gardner Minshew II Jersey , the central bank's wording on Wednesday marked a change from previous comments on liquidity in the banking system as being ""at a relatively high level"" on March 24.


China will pursue a ""prudent and neutral"" monetary policy in 2017, with the broad money supply (M2), a key measure for liquidity on market, projected to grow by around 12 percent, one percentage point lower than the 2016 target Authentic Ryquell Armstead Jersey , according to the government work report, which was delivered at the annual parliamentary session earlier this month.


A recent PBOC survey showed that about 20.3 percent of bankers polled said Chinese monetary policy was ""relatively tight,"" up from only 5.7 percent in the fourth quarter of last year.

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