WASHINGTON
Jack Conklin Titans Jersey , April 13 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday called for countries to prepare fiscal policies and work together to counter worsening global fiscal positions.
"Fiscal positions have worsened significantly since the April 2015 Fiscal Monitor, with public debt ratios being revised upward in most countries," said the IMF in its latest Fiscal Monitor report.
For emerging markets and middle-income economies, fiscal deficit ratios in 2015-16 are now expected to exceed the levels observed at the beginning of the global financial crisis. The fiscal positions of commodity exporters have been especially hard hit.
Advanced economies have also remained vulnerable in a context of high public debt, greater than 100 percent of gross domestic product (GDP) on average
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"In this difficult environment, fiscal policies must be prepared to respond promptly to support growth and reduce vulnerabilities," said the report.
"They (countries) must be prepared to act together to fend off global risk," said Vitor Gaspar, director of IMF's Fiscal Affairs Department
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The report said the fiscal measures for advanced economies should focus on boosting both short- and medium-term growth, such as infrastructure investment and structural reforms.
For commodity exporters, their public spending has to be realigned with tighter resources. To reduce the pain of this adjustment, those countries should improve revenue diversification and cut poorly targeted and wasteful spending.
In other emerging markets and developing economies, key challenges to fiscal policies are to create budgetary room to respond to rising demand for public services
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WeChat has changed its startup screen image for the first time in six years.
From September 25 to 28, users can enjoy a panorama of China taken from space by Fengyun-4
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The original picture versus the new and improved version
The earth in the background will morph from the African continent to China. The original picture was taken by NASA.
The WeChat team explained that this is because Africa is the cradle of human civilization, so the image of Africa as the background of the startup screen gives the meaning of "origin". Showing the next image, taken by Fengyun-4, implies the historical development from "human origins" to "Chinese civilization"
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According to the State Administration of Science, Technology and Industry for National Defence, the Fengyun-4 satellite was put into operation on Monday.
The satellite has helped improve the country's weather and climate forecasts and its successful operation has enabled China to become a leader in the development of geostationary orbiting weather satellites.
The satellite was launched from Xichang Satellite Launch Center in southwest China's Sichuan Province on December 11, 2016.
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China's Xu Jiayu celebrates during the awarding ceremony of the men's 100m backstroke final of swimming at the 17th FINA World Championships in Budapest, Hungary
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Military parade held to mark PLA 90th birthday (Part I)
SWAT team members take part in drill
Acrobatic show staged in China's Xinjiang
Martial arts competition held in China's Henan
Int'l Army Games 2017 held in NW China
Triplet giant pandas celebrate 3rd birthday in S China's Guangzhou
Annual maximum peak of Hukou Waterfall seen due to heavy rainfall
Blossoming lotus flowers in China's Anhui
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Yanqing government claims nature reserve will get 31% expansion
Beijing's Yanqing county government on Wednesday refuted recent speculations that the local national nature reserve would be replaced by 2022 Winter Olympics venues but clarified that the reserve is protected and will be expanded by 31 percent.
Songshan National Nature Reserve was located at Beijing's Haituo Mountain in Yanqing. The 2,242-meter-high Haituo Mountain has three peaks, Da Haituo, Xiao Haituo
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Speculation began when the Beijing 2022 Olympic Winter Games Bid Committee proposed in February that Alpine skiing and sledding games would be held on Xiao Haituo if China wins the bid.
Rumors further escalated in late July as some hikers found that Da Haituo was closed.
"According to reliable sources, Beijing's only National Nature Reserve will be turned into a skiing venue, which will pose a damaging impact to the local valuable and rare ecosystem. The mountain has already closed for visits," a Weibo post that has gone viral since July 31 wrote.
In response, Zhang Suzhi
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"We planned to include the mountain areas on the east of the reserve park and exclude the northern region of the original reserve area," she said.
"After adjustment
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