WELLINGTON nike air max 97 kaufen , Jan. 29 (Xinhua) -- The New Zealand government on Wednesday welcomed a credit analysis from ratings agency Moody's saying the country's economy was on an "improving trend," while warning of challenges ahead.

Finance Minister Bill English said New Zealand was one of only 10 countries with the top Aaa rating and a stable outlook by Moody 's and was also rated AA by Standard and Poor's.

"As Moody's notes in its credit analysis today, economic growth is accelerating, the government's books are expected to be in surplus next year and the ratio of government debt to GDP will peak below the median for Aaa-rated countries," English said in a statement.

"Overall, Moody's rates New Zealand's economic strength as high nike air max 97 schweiz , despite it being the second smallest country rated Aaa, behind Luxembourg."

Moody's also noted that New Zealand ranked 18th out of 148 countries in the most recent World Economic Forum's global competitiveness index and third in the World Bank's ease of doing business report.

Moody's Investors Service issued a statement from its New York office Tuesday saying New Zealand's economy and government finances were "on an improving trend in the aftermath of a prolonged, albeit mild, recession and a series of earthquakes that had serious effects on both."

However, it warned, challenges to the country's creditworthiness included a continuing reliance on foreign savings to finance relatively large current account deficits Herren Nike Air Vapormax Flyknit 2018 Blau Kaufen , which have been evident for the past four decades, making New Zealand's major vulnerability its dependence on foreign capital inflows.

"Looking ahead, New Zealand's Aaa government bond rating could move downward if economic growth is lower than now forecast in the coming few years and, as a result, government debt ratios do not improve as expected," it said.

The analysis was issued the same day as New Zealand Treasury chief economist Girol Karacoaglu gave a published presentation to Parliament's Finance and Expenditure Select Committee Herren NikeLab Air VaporMax Flyknit Betrue 2017 Blau Günstig , saying that while the economic outlook was relatively good, the global environment would continue to be volatile and restraint was still needed in public spending.

BEIJING, Feb. 27 (Xinhua) -- Chinese football clubs have spent the most during the winter transfer period which closed on Friday. But the prospects for Chinese national team, Chinese Super League (CSL) and international competitiveness remain a riddle.

Ex-Chelsea midfielder Ramires, Argentine international Ezequiel Lavezzi, former Serie A duo Gervinho and Fredy Guarin Air VaporMax Herren Nike Pure Platinum Weiß Schweiz , ex-Atletico Madrid striker Jackson Martinez and Cameroon captain Stephane Mbia are all on the list of Chinese clubs' recruits.

The Chinese transfer fee record is smashed four times in 2016, culminating in Jiangsu Suning's payment of 50 million euros for Alex Teixeira, also a target of English Premier League side Liverpool, from Shakhtar Donetsk.

New season of CSL kicks off on March 4. Then we'll see what these big contracts can bring to clubs and to the league as well.


CSL clubs have spent an unprecedented 317 million euros in total this winter, overtaking the expenditure in English Premier League.

Even China's second-tier League One is ranked ahead of Germany's Bundesliga, Spain's La Liga and France's Ligue 1 in spending Sale Herren Nike Air VaporMax Schwarz Gold , according to the transfer tracing website "transfermarket".

Sven-Goran Eriksson, former head coach of England, admits big money injected into Chinese football is an important factor to attract the Europe-based top players to come.

"I've been in Italy during the 90s when every player wanted to come to Italy because the football was very good, then I was in England during the 2000s and all the players wanted to go to the Premier League because of more money and the good football," said the Swedish, who is at the helm of CSL club Shanghai SIPG.

"Now Billig Herren Nike Air Max TN Schwarz Schuhe , in 2016, it seems that every player wants to come to China for the same reasons. (All the money) will make the clubs much stronger."


As Eriksson said, the focus in the world to invest in football changes about every ten year, but it's no coincidence for China to catch the spotlight.

It came about one year after a top-level team on deepening China's reforms, led by Chinese President Xi Jinping, approved plans to reform the sport in the country.

In contrast to China's success in other sports Herren Nike Air Max 95 Schwarz Schweiz , China has been struggling in football for decades and only reached the World Cup finals once in 2002.

Club owners and investors have been rushing to pour money into football since the reform plan carries through, hoping to lift the domestic league and then international competitiveness.

Among them, Guangzhou Evergrande, coached by World Cup-winning Luiz Felipe Scolari, is the pioneer in exploring "big spending for big reward" as the club has won the CSL champion five times in a row and Asian Champions League twice. The huge success is accompanied by club's lavish spending in the past five years for high-profile coaches and players.

Jiangsu Suning, the biggest buyer this winter Kaufen Herren Nike Air Max 90 KPU Schwarz , just follows suit of Evergrande, aiming at overturning Guangzhou's dominance in three years.

"The target of Jiangsu is to win CSL in three years and Asian Champions League in five years," said the club in an official presentation this month.

The second-tier League One club Tianjin Quanjian also spent generously and then expects big. "Promotion to CSL, winning Champions League and Club World Cup" is the club's three-step ambitious plan.


Money brings highlight to Chinese football, but not everyone looks at it positively.

Sun Jihai, former Manchester City defender Sale Damen Nike Air Max Plus TN Ultra Weiß Rosa , said he "is not optimistic about the future" if heavy spending is always the priority for clubs.

"If all the big money is used on buying foreign players, it helps little for Chinese football and not e"

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