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|" SARDINIA Andrew Heaney Angels Jersey , Italy, Oct. 15 (Xinhua) -- A Chinese city Sunday won the bid here to host Gymnasiade 2020, an international multisport event for teens organized by the International School Sport Federation (ISF).
Jinjiang in southeastern China's Fujian Province, a melting pot of migrant workers, won the race to host Gymnasiade 2020 in a secret ballot of ISF executive committee members, becoming the second Chinese city to host the popular event after its 11th edition in Shanghai in 1998.
In a letter to ISF President Laurent Petrynka, Chinese Vice Premier Liu Yandong acknowledged ISF's ""tremendous and consistent efforts in promoting sports exchanges among the (world's) young people, helping them build their sportsmanship and foster health development.""
The letter was read out at the voting conference by the Chinese Ambassador to Italy, Li Ruiyu.
It said the Chinese government Andrelton Simmons Angels Jersey , valuing the development of sports and the health of the youth, stands behind Jinjiang's bid to host the 2020 edition, which is ""ardently expected"" by 260 million young students in China.
The vice premier said the government will support and guarantee Fujian's commitment to provide security, accommodation and other logistics for the event.
Liu said Jinjiang has the capability to organize an exceptional and dynamic Gymnasiade, so as to promote the friendship of young students of all countries and make contributions to inter-cultural exchanges and mutual learning.
The Gymnasiade, an event meant for under-19s, is held every two years. Its first edition was hosted by Germany in 1974.
WASHINGTON, Oct. 10 (Xinhua) -- While tightening global monetary policies would put more pressure on short-term liquidity in frontier markets (FMs), Chinese financing could help mitigate liquidity risk for these countries Albert Pujols Angels Jersey , said Moody's, a ratings agency, in a report released on Monday.
Moody's defines FMs as sub-investment-grade countries that rely heavily on concessional financing. Moody's rates 36 FM countries, most of which carry ratings in the B1-B3 range.
""Benign global liquidity conditions have permitted some FMs to raise commercial U.S. dollars sovereign debt, at relatively favorable rates,"" Anne Van Praagh, a Moody's Managing Director, said. ""One quarter of FMs had issued new debt on commercial terms as of August 2017.""
""Looking ahead, as global liquidity conditions evolve Yunel Escobar Jersey , elevated debt service costs and liquidity risks are key credit challenges for FMs,"" she added.
The most vulnerable sovereigns are those with larger external vulnerabilities, limited domestic fiscal policy space, high gross borrowing needs and low institutional strength, the report said.
Higher global interest rates could limit market access and significantly raise debt servicing costs for sovereigns with a material proportion of externally financed debt and large gross borrowing requirements.
According to the report, liquidity risks are most acute in Egypt, Pakistan and Mongolia.
""Financing from China through foreign direct investment and swap line arrangements has become more important for some FMs, 16 of which are listed under China's Belt and Road Initiative,"" said the report.
""Chinese financing could help mitigate near-term liquidity risks Shohei Ohtani Jersey ,"" said the report.
""It is encouraging a shift away from financing by international financial institutions, which have historically provided a stable funding source, including on concessional terms.""
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