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BEIJING Nike Air Max Black Australia , July 14 (Xinhua) -- China has taken measures to steady the stock market but questions have arisen over how to properly exit the new regime at a prudent time, when the market returns to normal.
Zhao Xijun Nike Air Max 90 White Australia , deputy director of the finance and securities institute at Renmin University of China, expects the government to wait until liquidity Nike Air Max White Australia , investor confidence and the fund-raising function of the equity market are back on track.
Only then could withdrawal of the stabilizing measures be described as "prudent." Not only should the timing be prudent, but the exit must be conducted "in batches" and "properly Nike Air Vapormax Flyknit Australia ," he said.
Economist Shi Jianxun of Tongji University explained that it is common practice for governments to intervene if the capital markets faces systemic risk. Even in the United States, authorities resorted to bailout policies when Lehman Brothers collapsed.
Bailout measures can steady a market Nike Air Vapormax Australia , but wholesale adjustments to China's stock market are obviously required if reliability and stability are to be assured. In any case, stock markets only function efficiently when the real economy is sufficiently healthy Nike Air Max 2018 Mens Australia , said Yi Xianrong of the Chinese Academy of Social Sciences.
The country was taken by surprise by a stock market plunge of more than 30 percent from the June 12 peak, but the freefall must be balanced against the staggering gains of China's various indexes over the past year Nike Air Max 2018 Womens Australia , especially since the beginning of 2015.
To prevent market upheavals from threatening overall financial stability, the government has poured in funds and restricted futures trading on a major small-cap index.
The central bank has repeated its commitment to meeting the liquidity needs of the China Securities Finance Corporation Limited www.airmax2018australia.net , the only institution permitted to finance margin trading.
The policy support has, to some extent Cheap Nike Air Max 2018 Australia , restored market confidence, with the key index rising for several days after the concerted moves.
Regarding the impact of the stock market on the broader economy Nike Air Max 2018 Shoes Australia , Nomura research said the equity market sell-off will have a "small" negative effect on the real economy and the risk of a financial crisis is limited.
China's growth data for the second quarter will be released on Wednesday.
by Juan Limachi
LIMA， March 24 (Xinhua) -- Erika Antonia Ramirez was asleep as usual at midnight Tuesday. But her slumber was quickly interrupted by yells of "a mudslide is coming."
Ramirez， along with her children and husband， jumped out of bed and left their home. It was about 1:00 a.m. (0600 GMT) in the morning.
Murky waters soon filled her humble home， located at the foot of a hill in the Peruvian coastal town of Huarmey， as she and her family and other residents headed for higher ground.
"We tried to protect our home. We filled sacks with sand， but it was impossible，" Ramirez told Xinhua， adding that "the mudslide entered all the houses."
Huarmey， known for its charming sun-splashed beaches， was inundated by muddy floodwater earlier this week and is now slowly recovering.
Located in the northern Ancash region， Huarmey is one of the towns hardest hit by torrential rains unleashed since December by the so-called coastal El Nino phenomenon， which has killed 85 people， injured 270 and left 20 missing.
Ramirez's neighborhood， called Victoria， is home to about 1，000 people， who all had to spend the next two nights atop the hill， with nothing to use as shelter.
"We went to the hill， where we slept all night. It is horrible， terrible. We all slept on the hill in the first and second nights. In the third night， as it was a little calmer， we went back down，" said Ramirez.
The homes they left behind are still filled with mud， and possibly at risk of collapsing.
"What's urgent are tents， mattresses， clothes， food and water to survive，" she said.
The situation is aggravated by the lack of electricity， since the local plant was also flooded.
"We don't have light. We don't have anything. We don't have a way to communicate with each other，" said Ramirez.
Already homeless， the children have also been left without a school， which like many others in the city， was closed due to damage.
Manuel Perez Vera， who lives in the Laguna district of town， has been trying to salvage a few of his belongings， although damaged by the sustained flooding.
"On Wednesday night， past midnight， the waters came to about my neck，" he said.
"The whole house， since it is made of adobe， is useless. We recovered several things， but the rest stayed，" said Perez， as he picked through mud and water.
"As you can see， everything here is inundated. Look at how far the water reached， almost to half of the homes. Only a few things have been saved，" said Perez， who also survived the flooding by heading for the hilltops.
The fetid smell of standing water， mixed with the stench from broken sewage pipes and rotting animal carcasses， lingers in the air.
The rains have affected scores of towns along coastal Peru， where communities are struggling to recover.
According to the National Civil Defense Institute， around 800，000 people have been left homeless.
While humanitarian aid is arriving from other countries， recovery efforts will need some time given the magnitude of the disaster.
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TOULOUSE， France， June 20 (Xinhua) -- Gareth Bale， Real Madrid's star and the talisman of Wales， scored three goals in the ongoing Euro 2016 group stage， one for each game， to top the scorer list and help the debutants making history of advancing to last 16 as Group B winner here on Monday.
The prolific start to the 2016 finals made Bale tie the record by Milan Baros of the Czech Republic and Netherlands' Ruud van Nistelrooy， both scoring in each of their first three games at Euro 2004.
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