More efforts should be carried out to tame overcapacity, boost discount designer handbags domestic consumption, stabilize prices and encourage economic restructuring, in order to maintain steady and sound economic growth, according to the CFLP. China's gross domestic product growth unexpectedly slowed to 7.7 percent in the first quarter of 2013, down from 7.9 percent during the final quarter of 2012, data from the National Bureau of Statistics showed in mid April. Based on the April PMI figures, a slight slowdown in future economic growth could be possible, Zhang Liqun said, stressing that efforts should be made to stabilize domestic demand and improve the sustainability of China's economic recovery. The CFLPnike free run dame data also showed that the employment sub-index for April declined 0.8 percentage points to 49.0 percent, indicating job cuts, while the sub-index for supplier delivery times fell slightly to 50.8 percent. The business outlook sub-index came out 6.2 percentage points lower from a month earlier to 59.3 percent, meaning that fewer manufacturing companies were optimistic about their business activities in the next three months.The benchmark Hang Seng Index traded between 23,353.68 and 23,126.81. Turnover totaled 56.07 billion HK dollars (7.22 billion U. S. dollars). China's crude oil and natural gas output rose slightly year on year in the replica gucci bags irst quarter of the year, new data from the country's top economic planner shows. The National Development and Reform Commission said in a statement released Monday that crude oil production stood at 51.2 million tonnes in the first quarter, up 2.3 percent from the same period last year.The country refined 109.48 million tonnes of crude oil during the January-March period, up 4.4 percent year on year, while refined oil products rose by 4.6 percent to 67.34 million tonnes, the statement said. Related: Commentary: Short-sellers cry wolf again on Chinese economy BEIJING, April 27 (Xinhua) -- Some investment gurus, if they can be called that, periodically express their pessimism about the Chinese economy and short sell Chinese stocks, but it turns out theirs is nothing billige nike sko but a game of crying wolf. Their bearish tone has mostly proven to be a shortcut for securing handsome profits, with the so-called gurus scooping up bargains after their forecasts result in stocks getting dumped. Full story China's GDP to grow 8 pct: think tank BEIJING, April 26 (Xinhua) -- China's GDP is expected to expand by about 8 percent this year with CPI growing moderately at 3.4 percent, according to a report by the Chinese Academy of Social Sciences (CASS). The think tank said in a blue paper released on Friday that China's economy will maintain a continuous and stable growth rate amid slow recovery of the world economy and quantitative gucci online store easing policies adopted by major economies, including the United States, European countries and Japan. China's LED industry is facing a drastic shake-up caused by failing firms and price drops, said a report released on Thursday. The average price of Chinese LED chips declined 32 percent year on year in 2012, according to a report issued by the Gaogong LED Industry Research Center. The government has encouraged the use of LED lighting in order to reduce emissions, triggering intense competition among small LED manufacturers. From 2009 to 2011, the number of new LED chip companies hit a record high of more than 80. But 20 of them went out nike sko norge of business in 2012, the report showed. "Tempted by tax breaks and government subsidies, LED companies have boosted their production capacity to a level that far outstrips demand," said Qi Faxin, a senior analyst at SEMI (Semiconductor Equipment and Materials International) China. Industry observers warned that the industry will face the same problems as the solar panel industry if excessive investment is not curbed. Hong Kong stocks closed down 32.87 points, or 0.14 percent, at 23,211.48 replica handbags on Thursday.

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