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|WASHINGTON Nike Air Vapormax 2018 UK Women's Purple , Nov. 20 (Xinhua) -- U.S. Federal Reserve Chair Janet Yellen said on Monday she would step down as Fed governor once her successor swears in.
"Janet L. Yellen submitted her resignation Monday as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor as Chair," the Fed said in a statement on Monday.
Yellen was appointed by then President Barack Obama in 2014 as the chair of the U.S. central bank. The Fed chair also serves as the governor of the Fed board.
Yellen's term as Fed chair expires in February, 2018, while her term as Fed governor will end in January Men's Nike Air Max 2018 Elite KPU TPU UK Grey Black , 2024. President Donald Trump earlier this month appointed current Fed Governor Jerome Powell as the next Fed chair.
"As I prepare to leave the Board, I am gratified that the financial system is much stronger than a decade ago, better able to withstand future bouts of instability and continue supporting the economic aspirations of American families and business," said Yellen in her resignation letter on Monday.
"I am confident that my successor as Chair, Jerome H. Powell Men's Adidas NMD R1 Mystic Blue UK , is deeply committed to that mission and I will do my utmost to ensure a smooth transition." said Yellen.
Upon Yellen's resignation, Trump needs to pick four nominees to fill the vacancy of the Fed board which includes a vice chair post.
BEIRUT, March 19 (Xinhua) -- Visiting German Federal Minister for Economic Cooperation and Development Gerhard Mueller pledged to boost assistance to help the refugees in Lebanon displaced by the ongoing war in Syria, the National News Agency (NNA) reported on Thursday.
Following his meeting with Lebanese Prime Minister Tammam Salam, Mueller confirmed his country's support to Lebanon in dealing with "the grave problems" which resulted from the displaced Syrians' issue Adidas NMD R1 Primeknit Shock Pink Black UK Women's , praising the efforts of the Lebanese cabinet and people in this field.
"The main target is to end fighting in Syria. However, we present all support and aid to the neighboring countries -- Jordan, Turkey and mainly Lebanon -- to overcome the problem of the big number of the displaced Syrians," he said.
Muller revealed that Germany offered about 850 million euros (906 million dollars) during the past three years for this purpose, of which 250 million euros (267 million dollars) were for Lebanon.
He added that Germany would discuss in Kuwait in cooperation with international organizations the regional support of 52 million euros (55 million dollars) to Lebanon to be used in infrastructure field.
Kuwait will host the third conference for international donors on March 29.
According to the United Nations Higher Commission for Refugees (UNHCR) Adidas NMD R1 Primeknit Snakeskin Patterns UK , Lebanon hosts more than 1.2 million Syrians displaced from their home country due to the ongoing military uprising against Syrian President Bashar al-Assad.
Lebanon has repeatedly complained that it cannot handle the burden of the refugees on its own, and called on the international community to fulfill its pledges for financial aid.
BEIJING, March 27 (Xinhua) -- Chinese technology firms and equipment makers are gaining more and more traction overseas, propelled by the country's drive to realize a shift from low-end manufacturing onto construction into innovation hub for high-end technology.
As the government highlighted in a recent executive meeting of the State Council (the Cabinet), China needs to accelerate implementation of the "Made in China 2025" strategy by raising product and service standards in a bid to promote the economy to a medium-to-high level.
A mature equipment manufacturing industry could inject new momentum to China's economy under the "new normal."
The government report for 2015 delivered at an annual session of the National People's Congress (NPC) in early March said the country encourages its companies to participate in overseas infrastructure projects and engage in cooperation with their foreign counterparts in building up production capacity in a bid to increase the international market share of China's sectors of railways Adidas NMD R2 Pink White UK Women's , electric power generation, telecommunications, engineering machinery, automaking, aircraft production Adidas NMD City Sock 2 PK White UK , electronics and other equipment manufacturing.
No sector better symbolizes China's shift from a nation of labor intensive manufacturing onto one that excels in the high-tech field than high speed rail (HSR), which has already become a new "image card" for China.
The country's railway transportation industry is seeing great opportunities to export its technology, as China is engaging itself in discussions with Russia, Mongolia, India and Thailand on railway cooperation.
Huang Bin Adidas NMD City Sock 2 PK Black UK , an expert at Thailand's think tank KAITAI Research Center, said China's railway industry enjoys some prominent advantages and a late-mover edge as it is capable of offering a full range of ancillary equipment and has experience in operation uder different climate and terrain conditions. What is more important is that its products are always highly efficient and cost-effective.
In December 2014, China and Thailand inked a memorandum of understanding (MoU) on railway cooperation, agreeing to jointly build Thailand's first standard-gauge railway lines with a total length of more than 800 km.
The railway line, linking the Nong Khai Province in northern Thailand and the Map Ta Phut Port in southern Thailand Adidas NMD XR1 W Utility Ivy Red UK Men's NMD , will be built totally with Chinese technologies, standards and equipment.
In January 2015, Kenya's Mombasa-Nairobi railway line was officially put into operation.
The 480-km railway line, built by China Road and Bridge Corporation, is the first to completely adopt Chinese standards outside the world's second biggest economy Adidas Originals NMD XR1 PK Primeknit Navy UK Men's , and it is said to be the largest infrastructure project in the country since the independence of Kenya.
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