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CAPE TOWN Cheap Jerseys From China , June 15 (Xinhua) -- South Africa will not realize the2017 growth projection of 1.3 percent due to a series of negativedevelopments, Finance Minister Malusi Gigaba said on Thursday.


This continues the trend of low growth over the last severalyears, undermining the country's progress in significantly reducinginequality, unemployment and poverty, Gigaba said in his latestupdate on the country's economic situation.


This fundamentally disadvantages a large portion of thepopulation, and is the cause of social instability Cheap Jerseys China , he added.


"It therefore requires all social partners to reflect on ourprogress in bringing about inclusive growth and economictransformation, and to do all that we can and more, from ourrespective positions," the minister said.


Gigaba cited several factors that hamper the country'sgrowth.


These include the downgrade of the country's credit rating tojunk status by Standard & Poor's and Fitch in April and adecision by Moody's in early June to downgrade South Africa's longterm foreign and local currency debt ratings at "Baa3 with negativeoutlook.


All three rating agencies have raised similar concerns over theslow pace of growth-enhancing reforms; growing contingentliabilities amid poor governance at key state-owned enterprises;and political risks, among other issues.


Moreover, South Africa's Gross Domestic Product (GDP) contracted0.7 percent in the first quarter of 2017 Cheap Jerseys , following a contractionof 0.3 percent in the fourth quarter of 2016.


"This trend unfortunately implies that our economy has enteredinto a recession," Gigaba said.


"Our sovereign credit rating has huge macroeconomic impact, andaffects government, business, and ordinary South Africans alike. Weare committed to restoring it to a favourable investment graderating with a positive outlook as quickly as possible," hesaid.


The government has been deeply engaged with the issue of therecession Wholesale Hockey Jerseys , analyzing its impact on the growth target, andconsidering an appropriate response, according to Gigaba.


"We have heard the call from business and investors thatproviding policy certainty and stabilizing and revitalizing stateowned companies are among the most important short term steps wecan take to restore confidence," the minister said.


Inclusive growth and economic transformation are the toppriorities of the government, and are mutually reinforcing, Gigabasaid.


"We need to do the right things for our economy and our society Wholesale Adidas NHL Jerseys ,not just because credit ratings agencies are watching," he said.Enditem


BEIJING, Aug. 13 (Xinhua) -- Hyundai Motor Group (China) Ltd. will recall 214 vehicles in China over defective parking brakes, according to the country's top quality watchdog.


The affected vehicles are imported Genesis models produced between Nov. 20, 2013 and Feb. 27, 2015 Wholesale NHL Jerseys , the General Administration of Quality Supervision, Inspection and Quarantine said on its website.


Poor contact in the switches of the cars' parking brakes could create safety risks, the administration said.


The company will replace the faulty switches for free. The recall will start on Aug. 21.


Owners of the vehicles will be informed of the recall via registered mail, according to the administration.


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Photo taken by infrared camera on Dec. 3, 2017 shows a snow leopard in the Nujiang River valley in Changdu Wholesale Jerseys From China , southwest China's Tibet Autonomous Region. Images of snow leopards were caught for the first time in eastern parts of southwest China's Tibet Autonomous Region. Snow leopards are a Class A protected animal in China and are classified as "endangered" by the International Union for Conservation of Nature. (Xinhua)

Images of snow leopards were caught for the first time in eastern parts of southwest China's Tibet Autonomous Region.


A total of 20 infrared cameras installed at a 100 square kilometers area in the Nujiang River valley captured footage of the cats several times since November, according to local authorities Monday.