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|BEIJING Dame Adidas NMD R2 Løbesko Hvid Lyserød , Sept. 22 (Xinhua) -- China's Ministry of Finance (MOF) on Friday said it was a "wrong decision" for Standard & Poor's (S&P) to cut China's sovereign credit rating.
The ministry said on its website that the decision was "perplexing" as the downgrade came while China's economic growth had gained a firmer footing with improving quality as the country continues to push supply-side structural reform.
S&P lowered China's sovereign credit rating by one notch to A+ from AA-, citing economic and financial risks from its fast credit growth.
Calling it "cliche," the MOF said it was a pity for S&P to focus on China's fast credit growth and debt issues, but ignore the country's distinctive financing structure, the wealth-creating effect of the government's spending and its support for growth, as well as the sound development fundamentals and growth potential.
"The downgrade is a result of the international rating agencies' long-standing mode of thinking, and misreading of the Chinese economy based on developed countries' experiences Dame Adidas NMD R1 Primeknit Shock Lyserød Core Sort Hvid ," it said.
by Lyu Tianran, Apollinaire Niyirora
BUJUMBURA, July 31 (Xinhua) -- Driving on streets of Burundi's capital city Bujumbura, one can see StarTimes' orange advertising boards standing on the roadside. Currently, more than 90 percent of the city's digital television (DTV) users choose StarTimes, said Chen Yongzheng, general manager of StarTimes in Burundi.
The Chinese company's market share is over 85 percent in the whole country Dame Adidas Originals NMD R1 Løbesko Vapour Lyserød Hvid Aluminum , according to him.
"I choose StarTimes because it has good channels, including children's channel, also because of the price, which is cheaper than other companies," 31-year-old technician Edouard Nduwimana told Xinhua.
StarTimes' service is also better than other companies, he added.
"I use StarTimes because it has many channels including channels for children. The cost is the lowest. The quality is also good," said Irakoee Annick Herre Originals Adidas NMD R1 Løbesko Core Rød Sort Hvid , a Burundian businesswoman.
According to Chen, the Chinese media group has lowered the barrier of using DTV in Burundi, which was only for the rich before 2010 when StarTimes entered the market. Besides offering DTV with lower price, it provides customers with good after-sales service, he said.
"Our aim is to make every family in Africa afford the DTV, and share benefits of the DTV," said Chen.
According to the World Bank adidas neo lite racer dame , Burundi is one of the five poorest countries in the world, where nearly 64.9 percent of the population live below the poverty line.
The Burundian economy is heavily reliant on agriculture which employs 90 percent of its population, though cultivable land is extremely scarce, said the bank.
StarTimes now has more than 4,300 staff members in Africa, of which about 96 percent are Africans.
Longin Bizimana is one of them.
"StarTimes introduces some Chinese here, who are the heads of the company. But there are Burundian people in different departments adidas neo lite racer tilbud , who can also make decisions," said Bizimana, who is the head of the marketing department of StarTimes in Burundi.
"StarTimes is not for foreigners. It's for Burundians. Chinese and Burundians integrate very well in the company."
According to him, StarTimes helps Burundian people to be able to watch the TV. "For example, StarTimes does promotions, thus reduces the TV price. Because many Burundian people don't have much money, StarTimes tries to make people to be able to watch TV at a lower price adidas nmd chukka suede tilbud ," he said.
With assistance from the Chinese government, StarTimes is now working with the Burundian government to carry out digital transformation for the national TV network, making it possible for the Burundians to enjoy TV programs with better image quality.
The company plans to provide free services for poor households and make donation to transform TV signals for those in need.
"Burundi's economic growth is possible thanks to investments. The Chinese investments have been contributing to boosting Burundi's economy," said Cyprien Mbonimpa, a Burundian professor of international relations, who is also a former foreign minister of Burundi.
"The Chinese investments not only contribute to Burundi's economic growth, but also contribute to the well-being of households which are hired by companies built by Chinese people in Burundi adidas nmd human race tilbud ," said Mbonimpa.
According to him, China remains consistent in its assistance to the landlocked country.
"China respects the independence of other partner countries and as the Chinese aid is increasing in the context of the south-south cooperation, the Chinese aid could be more important," said the former minister.
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