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BEIJING Frank Clark Jersey , Jan. 16 (Xinhua) -- The 12th National Women's Congress will be held this year in Beijing, the All-China Women's Federation (ACWF) announced Tuesday.


Held every five years, the congress is expected to review a work report delivered by the 11th ACWF Executive Committee, deliberate draft amendments to the federation's constitution and elect a new executive committee, according to a statement issued after a meeting of the current executive committee.


While addressing the meeting Monday Jarran Reed Jersey , ACWF Chairwoman Shen Yueyue called on her fellow members to unite all Chinese women to follow the lead of the Communist Party of China.


At the meeting, the committee also reviewed a report on the reform of the ACWF network, which was launched in the second half of 2016.


Nearly 5.6 million new executive members were recruited at grassroots women organizations by last October, with social media widely used to strengthen the connection, according to the report.




BEIJING Germain Ifedi Jersey , Jan. 16 (Xinhua) -- China's non-financial outbound direct investment (ODI) saw a drastic decline in 2017 amid government efforts to curb irrational investment overseas.


Chinese investors spent a total of 120 billion U.S. dollars on 6,236 enterprises from 174 countries and regions last year, the Ministry of Commerce (MOC) said in a statement.


The year-on-year decline, at 29.4 percent for the whole of last year, narrowed from the 33.5-percent drop for the first 11 months.


Han Yong Shaquill Griffin Jersey , an official with the MOC, said that "irrational outbound investment has been curbed."


In December alone, China's non-financial ODI increased 49 percent, tracking a gain of 34.9-percent in November.


No new projects were reported in property, sports or entertainment in the last two months.


China's ODI has seen rapid growth in recent years. However Ethan Pocic Jersey , noting an "irrational tendency" in outbound investment, Chinese authorities have set stricter rules and advised companies to make investment decisions more carefully.


In a document released in August, the State Council said overseas investment in areas including real estate, hotels, cinemas Kam Chancellor Jersey , and entertainment would be limited, while investment in sectors such as gambling would be banned.


In November, the National Development and Reform Commission, China's economic planning body, released a new draft rule on outbound investment Doug Baldwin Jersey , including stipulations on the investment activities of firms established overseas by domestic companies.


Investment in 2017 mainly went to leasing and commercial services, manufacturing, wholesale and retail, and information technology sectors.


Meanwhile, ODI to countries involved in the Belt and Road Initiative has been encouraged.


In 2017 Earl Thomas III Jersey , China's non-financial ODI in countries involved in the Belt and Road Initiative totaled 14.36 billion U.S. dollars, accounting for 12 percent of the total, up from 8.5 percent in 2016.






BRASILIA, Dec. 13 (Xinhua) -- Brazil's Senate on Tuesday passed a controversial constitutional amendment that limits government spending for the next 20 years.


The bill submitted by President Michel Temer's government easily passed by a vote of 53 to 16, though several lawmakers allied with the conservative ruling party decided not to vote in favor due to public anger at the measure.


Opponents of the Constitutional Amendment Bill, or PEC, fear it will hurt Brazil's poor the most by curbing government expenditure on anti-poverty campaigns, education and health, among other social welfare programs.


Part of a government plan to rein in the public deficit, the PEC is to be enacted by Senate President Renan Calheiros on Thursday.


Starting in 2017, the bill will limit spending "to the official inflation rate of the previous year," according to the Agencia Brasil news agency.


Bowing to pressure, the government has said health and education will not be subject to the bill until 2018.


Some 60 percent of Brazilians are opposed to the bill, a survey by polling firm Datafolha showed on Tuesday.


Substantial public spending in the past two decades has helped lift millions out of poverty, but also led to a public deficit that amounts to 70 percent of the gross domestic product (GDP). The average rate for developing countries similar to Brazil is 45 percent.


On Friday, the United Nations Special Rapporteur on extreme poverty and human rights, Philip Alston warned that Brazil's proposed austerity measures "are entirely incompatible with the country's human rights obligations."


The PEC, he said, "will hit the poorest and most vulnerable Brazilians the hardest, will increase inequality levels in an already very unequal society, and definitively signals that social rights are a very low priority for Brazil for the next 20 years."


But backers of the bill celebrated.


In a speech at presidential headquarters, Temer thanked senators for passing "the first amendment aimed at lifting the country out of the recession."


Finance Minister Henrique Meirelles told reporters at a press conference, "the belt-tightening is going well, its most important measure was approved today."


Central Bank of Brazil President Ilan Goldfajn said passing the bill was an "important step" to lowering interest rates.

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