Out of bounds
imports of $ Petrellna of the Silk Road countries in 5 years
Chinese Commerce Minister Zhong Shan said during the special project of the new Silk Road Summit, said that Beijing will import products Petrellna dollars from participating in the belt initiative and the road over the next five years states.
He said China would call for free trade talks and move forward in the negotiations to establish a full regional economic partnership.
forecast balance of the oil market in the winter in the case of the extension of the cut was
quoted by Russian news agencies and energy minister as saying that, the global oil markets will achieve a balance between supply and demand in late 2017 or early 2018 in the case of an extension agreement to cut production.
The minister said Alexander Novak , "We conclude from the current dynamics of the decline in oil stocks and that the products, the markets will see such a decline in stocks by the end of 2017 or early 2018, which will lead to a decline in stocks to an average of five years."
The Organization of the Petroleum Exporting Countries (OPEC) and other producers , including Russia , have pledged to cut production 1.8 million barrels per day, in the first half of the year to raise oil prices.
But global stocks remain high, returned Occ to below $ 50 a barrel earlier this month , and put pressure on OPEC to extend the cuts until the end of the year.
Novak told the agencies that, and other top oil producers of OPEC countries will discuss the extension of the agreement to the second half of the year , or "maybe more than that."
He added that he expected not to change the size of the agreement , which means the exclusion of deepening cuts.
As OPEC says sector sources, said that there are ongoing discussions on the extension of the cuts to the end of the first quarter of 2018 when demand for crude at its weakest level will be seasonally.
Said Novak Russia, will reduce production at 300 thousand barrels per day, from the October 2016 level , as provided for in the December 2016 agreement
and said that Russia has not changed its forecast for the production of 549 to 551 million tons this year , but it depends on the outcome of the oil - producing countries in talks in Vienna later this month.
economist: Trump plans growing inequality in America ,
said economist Angus Deaton, Nobel laureate, said that the economic policies of US President Donald Trump may result in the growth of the rich benefits the greatest degree and lead to a worsening of the problem of income inequality in the United States.
He added Deaton in an interview, that the tax cuts and the strengthening of trade barriers Trump plans if applied may give a boost to the incomes of some workers in the short term without result in long - term growth, which is essential to mitigate the effects of income inequality.
Said Deaton, a professor at Princeton University and Nobel Laureate in Economics in 2015 for his work in consumption, poverty and social welfare issues, "I do not think any of that is good."
The Deaton may occur last Friday, after a meeting in Italy included the finance ministers and governors of central banks in rich countries. And issue the subject of inequality discussions of the meeting agenda.
He said Deaton, the stronger economic growth by encouraging innovation would help reduce the feeling of unity of anger among many who feel they are being neglected.
He added , "growing inequality, which was not worried many before, becomes apparent and raises problems among the people (during periods of declining growth). This also leads to poisoning the atmosphere of politics because when there are no fruits of growth can be distributed happen very sharp conflict."
He added that he did not believe that inequality is bad in itself, if everyone felt that it grow back some benefit.
He said : "I care about the people who become rich at the expense of the public , " in reference to the political pressures posed by business groups. "