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BEIJING， Jan. 20 (Xinhua) -- China's fixed-asset investment continued to cool in 2016， growing 8.1 percent year on year， down from 10 percent in 2015 and 15.7 percent in 2014， official data showed Friday.


The reading was slightly down from the 8.2 percent growth for the first three quarters， the National Bureau of Statistics (NBS) said.


This is the latest step in the continued deceleration of growth in fixed-asset investment: money used to purchase and build factories， machines， property and other fixed facilities.


The figure was among economic data released by the NBS which also showed annual growth of the world's second largest economy had slowed to 6.7 percent for the year， down from 6.9 percent in 2015.


Fixed-asset investment growth has been declining since reaching an annual high of 10.7 percent for Jan.-March.


In the agricultural sector， fixed-asset investment jumped the fastest， up 21.1 percent year on year. It was followed by 10.9 percent growth for the service sector and 3.5 percent for the industrial sector， the NBS data showed.


Investment slowdown is believed to be one of the main reasons behind the weakness in demand and the downside pressure on the Chinese economy.


As old growth drivers slow， consumption and services have risen to take up the slack.


Retail sales of consumer goods， a key indicator of consumption， performed well， due to pro-consumption policies， jumping 10.4 percent year on year to 33.23 trillion yuan (4.84 trillion U.S. dollars).


Consumption contributed 64.6 percent to the GDP in 2016， slightly down from the 66.4 percent in 2015， but remarkably higher than the 51 percent in 2014， NBS data showed.


The service sector contributed 51.6 percent to the economy in 2016， up from 50.2 percent in 2015 and 48.1 percent in 2014， official data showed.


The service sector ratio exceeded 50 percent for the first time in 2015， and hit a record high in 2016.


This represents concrete progress in creating a more consumption and service driven economy in order to sustain growth， and indicates China's economic restructuring is pressing ahead.

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PARIS Nike Air Max Soldes France , Jan. 15 (Xinhua) -- The International Olympic Committee (IOC) announced Thursday that the bid process for 2024 Olympic Games gets underway with new Invitation Phase.


It's the first bid process following the adoption of Olympic Agenda 2020 earlier last month in Monaco during the 127th session.


According to the IOC ""strategic roadmap for the future of the Olympic Movement"", interested National Olympic Committees (NOCs) and potential bid cities are invited to discuss their initial ideas with IOC before officially committing to a bid.


""The deadline for NOCs to officially launch a bid for the 2024 Olympic Games is 15 September 2015 - the start of the Applicant City Phase that will continue through to the start of the Candidate City Phase in AprilMay 2016,"" read the statement.


""The election of the host city will take place in the summer of 2017 Nike Air Max Homme Soldes ,"" it added.


As a demonstration to its commitment to safeguarding the uniqueness of the Olympic Games and strengthening sport in society, the IOC implements the reforms in the bidding process, with changes as following:


- Shaping the bid process as an invitation


- Strengthening the evaluation of bid cities to more clearly highlight key opportunities and risks


- Reducing the cost of bidding and organising the Games


""Through these changes Nike Air Max Femme Soldes , the IOC is emphasising that bidding for the Games is not a tender for a franchise, and that there is no one-size-fits-all solution,"" said the statement.


""The bid process is about making proposals and offering solutions that will deliver excellent Games Nike Air Max Soldes Pas Cher , with no compromise on the field of play for the athletes while also meeting the needs of the city and region to ensure the Games leave a positive, long-term, sustainable legacy Nike Air Max Soldes ,"" it added.


In additional, the IOC will contribute approximately 1.5 billion U.S. dollars to the organization of the 2024 Olympic Games.


The NOCs having expressed their interest in hosting the 2024 Olympic Games are Germany, Italy and the United States.

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BEIJING Air Max Plus Soldes , Jan. 14 (Xinhua) -- The State Oceanic Administration (SOA) on Sunday criticized the governments of east China's Jiangsu Province and northeastern Liaoning Province for failing to supervise land reclamation and control pollution along its coast.


An SOA inspection team exposed a number of flaws concerning land reclamation in Jiangsu after an investigation in the province from August to September, said a SOA press release.


The province made slow progress in restoring environment along its coast, the statement said Air Max 270 Soldes , adding that it only finished restoring the environment along half of the 300-km targeted coastline required by the State Council.


The provincial government was also found to have violated state regulations by delegating the power of granting administrative approval for small land reclamation projects to the city government of Nantong, the statement said. A total of 14 projects, involving 81.29 hectares of reclaimed land Air Max TN Soldes , have been wrongly approved since 2012.


A large amount of reclaimed land remain deserted, the statement said. From 2012 to 2017, about 2 Air Max 90 Soldes ,328 hectares of sea waters were transformed into land but only 21.28 percent of them were actually developed.


Developers of 184 land reclamation projects had not obtained government approval before they started building their projects.


The province was also found failing to effectively protect nature reserves. Fish farming has still been operated in about 9,955 hectares of sea waters around a national wetland reserve in Jiangsu, where such commercial operations should have been banned Air Max 97 Soldes , according to SOA.


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