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|BEIJING Benedikt Howedes Juventus Jersey , Jan. 18 (Xinhua) -- A think tank has predicted the total value of the logistics industry in China will approach 280 trillion yuan (43.5 trillion U.S. dollars) in 2018, an increase of 6.5 percent year on year.
The development in the high-end manufacturing industry and the consumption boom will drive demand for logistics services, according to a report released by the Center for Forecasting Science under the Chinese Academy of Sciences Thursday.
In 2018, logistics facilities and equipment will be upgraded and innovation in logistics will be made to enhance the efficiency of the industry, the report said.
It is expected the total revenue of the logistics industry will exceed 9 trillion yuan in 2018 Andrea Barzagli Juventus Jersey , while the total cost of the industry will reach 12 trillion yuan.
The report said investments in transportation, warehousing and postal industry will maintain a growth rate of 10 percent in 2018.
In 2017, the logistics industry achieved steady growth. In the first 11 months of 2017, the total value of the logistics industry totaled 229.9 trillion yuan, an increase of 6.7 percent year on year Alex Sandro Juventus Jersey , the report said.
The French presidency said Wednesday that it was in talks to loan the Bayeux Tapestry to Britain, but that the 11th-century embroidery would not be transferred before 2020.
French President Emmanuel Macron is expected to announce the proposed loan of the tapestry, which depicts the Norman Conquest of England in 1066, during a visit to Britain on Thursday.
The 70-metre-long (230 feet) artwork has rarely been moved from the museum in the northern Normandy city of Bayeux. It was displayed in Paris in 1804 and again briefly at the Louvre in 1945.
An official in Macron's office said "it will not be before 2020 because it's an extremely fragile cultural treasure which will be subject to major restoration work before being transported anywhere."
The Bayeux tapestry, which dates from around 1077 Wojciech Szczesny Jersey , depicts the Battle of Hastings in 1066 when William the Conqueror from France defeated English forces at the Battle of Hastings.
The Times reported earlier that preparations for the relocation were under way following months of discussions between cultural officials in both countries, but it is contingent on tests showing the embroidery can be moved safely.
No decision has been made about where it would be displayed during the loan, The Times said, citing British officials.
Macron will hold talks with May at a Britain-France summit at Sandhurst, a British military academy Stephan Lichtsteiner Jersey , later this week, with cooperation on various issues set to be discussed.
The museum's director issued a statement welcoming the secured loan.
BEIJING， Nov. 1 (Xinhua) -- Ten Chinese financial institutions， mostly banks， have conducted the first batch of credit default swap (CDS) transactions.
A total of 15 transactions were made in the interbank market with a combined nominal principal at 300 million yuan (nearly 45 million U.S. dollars) on Monday， the National Association of Financial Market Institutional Investors said Tuesday in an online statement.
The "Big Four，" China's four largest state-owned banks， and major commercial banks were among the institutions.
In one or two year terms， the transactions covered oil， electricity， water， coal， telecommunication， food and aviation.
CDS is a credit derivative product used to control risk from bond defaults which are increasing due to a prolonged economic downturn.
The demand for CDS is increasing as default risks grow， a report from China Bond Rating Co. said.
China's Dongbei Special Steel went bankrupt last month after failing to repay its debts of several billion yuan nine times.
Actor Sylvester Stallone poses at the Los Angeles County Museum of Art (LACMA) Art+Film Gala in Los Angeles, October 29, 2016. (Reuters)
Sylvester Stallone has responded to allegations of sexual assault from an alleged incident in 1986 involving a minor.
The “Creed” actor is completely denying any involvement in the alleged incident, which puts him in the same conversation as fellow infamous alleged predators in Hollywood Stefano Sturaro Jersey , like Harvey Weinstein, Brett Ratner and Kevin Spacey.
“This is a ridiculous, categorically false story. No one was ever aware of this story until it was published today, including Mr. Stallone. At no time was Mr. Stallone ever contacted by authorities or anyone else regarding this matter,” a rep for Stallone told Fox News.
The 71-year-old star is in hot water after an alleged incident in Las Vegas while he was filming the movie “Over the Top.”
A woman has come forward claiming that Stallone Sami Khedira Jersey , who was then 40, and his bodyguard at the time, 27-year-old Mike De Luca, had inappropriate sexual contact with her and threatened her safety when she was 16.
She declined to be identified, but Daily Mail uncovered a police report from the time in which she detailed her encounter in a room at the Hilton hotel in Las Vegas. Allegedly Rodrigo Bentancur Jersey , an employee of the hotel called police when a friend of the victim informed him or her that she needed advice.
Allegedly, the teen met Stallone while he was filming at the location and she was staying with family friends. After meeting the “Rocky” star the previous day, she tried to see him again to get an autograph for a friend. That’s when De Luca, who died in 2013, reportedly gave her a key to Stallone’s hotel room. She told police at the time that she met both men in the hallway and they entered the room together. At that time Paulo Dybala Jersey , she and Stallone began having sex, which she says she was OK with, while De Luca stayed in the bathroom.
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