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MOSCOW Women's Nike Air Max 270 Ultramarine Solar Red , Oct. 24 (Xinhua) -- Russia's economy needs to become more dynamic and efficient, Russian President Vladimir Putin said Tuesday.


"We cannot be satisfied with the current growth rate. We have to raise it to levels above the global average," Putin said in an address to an international investment forum in the Russia capital Moscow.


The Russia leader said the country's economy is reviving with its gross domestic product rising over the last four quarters, with the growth rate exceeding two percent in the third quarter this year.


To reach the pre-set targets, the country needs to activate new sources of growth, he added.


Primarily, Russia needs to increase labor productivity through modernizing production and launching new industrial units on the basis of modern technologies, he said.


Russia should keep improving its business climate, stimulate competition and create a more favorable environment to attract investment, he said.


Russia will work to improve the quality of professional education as the country is short of skilled labor, he added.


The second source of growth, according to Putin, is to further tap into Russia's export potential.


The volume of Russian exports other than raw materials and energy rose by 18.6 percent year-on-year to 77 billion U.S. dollars in the first eight months this year, accounting for 35 percent of all Russian exports, Putin said.


Putin promised that Moscow would continue to support non-raw material exports with additional spending.


Another source of Russian economic growth will come from increasing efficiency in education, health-care, and social and civil services through digitalization and wider use of information technologies, he said.


"The development of the digital economy and the launch of new business models will make Russian companies more competitive, diversify the economy in general, stimulate industries through breakthrough technological solutions, and guarantee higher living standards for the people of Russia," Putin said.




GENEVA, Sept. 21 (Xinhua) -- The World Trade Organization (WTO)on Thursday revised upward its forecast for global trade growth in2017 to 3.6 percent, from the previous estimate of 2.4 percent,citing a sharp acceleration in global trade growth in the firsthalf of the year.


According to WTO economists, stronger growth in 2017 wasattributed to a resurgence of Asian trade flows as intra-regionalshipments picked up and as import demand in North America recoveredafter stalling in 2016.


Stronger growth particularly in China and the United Statesboosted demand for imports, which spurred intra-Asia trade asdemand was transmitted through regional supply chains, the WTOexplained.


Chinese demand in the first half of 2017 was driven by solidgrowth in industry and even stronger growth in services. Financialconditions in Asia also improved compared to the volatile firstquarter of 2016, contributing to business and consumer confidence,the WTO added.


Meanwhile, the WTO noted that the partial recovery of oil pricesin 2017 also appears to have provided some support for investmentin the United States, growth of which slowed abruptly in 2016,particularly in the energy sector, but has picked up in the firsthalf of this year.


However, the WTO estimated that the rapid pace of trade growththis year is unlikely to be sustained, while expecting a moderatetrade growth in 2018 to around 3.2 percent.


WTO Director-General Roberto Azevedo warned that, while theimproved outlook for trade is welcome news, substantial risks thatthreaten the world economy remain in place and could easilyundermine any trade recovery.


"These risks include the possibility that protectionist rhetorictranslates into trade restrictive actions, a worrying rise inglobal geopolitical tensions and a rising economic toll fromnatural disasters," he added.


He urged world economies to continue to resist the temptationsof protectionism and work together with their partners in themultilateral system to ensure that gains from trade are both largeand widely shared. Enditem


WASHINGTON, March 8 (Xinhua) -- The U.S. Treasury Department on Tuesday announced sanctions relating to Central African Republic's rebel group Lord's Resistance Army (LRA) and its leader, Joseph Kony.


"Today's action freezes any LRA assets within U.S. jurisdiction and generally prohibits U.S. persons from engaging in transactions with the group," U.S. Treasury Department said in a press release.


The LRA, headed by Joseph Kony, is known for massacring and mutilating civilians as well as abducting children to use as soldiers or even slaves.


"From murdering innocent civilians to pillaging villages, the Lord's Resistance Army is responsible fro notorious acts of violence, "said John E. Smith, Acting Director from the Office of Foreign Assets Control of the State Department said.


He noted that the sanctions will support Treasury Department's broader effort to dismantle the militia group.


More than 200 people have been kidnapped in eastern Central African Republic this year, already early double last year's level, in a wave of abductions blamed on the LRA, LRA Crisis Tracker said in a statement last week.


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