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Postby ding0728 » Tue Mar 13, 2018 3:09 am

DAMASCUS Cheap Air Force 1 Mid Sale , Oct. 26 (Xinhua) -- In al-Shaalan market in the Syrian capital of Damascus, where many food and clothing shops are dotted around, fewer people now walk around here to buy expensive items.

Most shops are empty of consumers, and only shops that sell the cheap Flafel sandwiches are still busy.

In order to cope with the economic hardship as a result of the long-standing domestic crisis and the U.S. and EU economic sanctions, most Syrians have to abandon fancy restaurants and opt for cheap dinners or buy low-priced take-away food.

A man in his 40s waiting for his turn to buy sandwiches said " It's the only thing in this country whose price is still rational and affordable for most Syrians. We used to eat Falafel once a month, but now because of the unprecedented expensive living conditions Cheap Air Force 1 High Womens Sale , we eat it every week."

As part of the austerity measures, a lot of Syrians cut large spending on big-ticket items and stopped buying expensive foodstuff, even like meat, from their food list.

Syrians complain of the soaring prices of all consumer items, which have made most items out of reach for Syrians amid reports that the country's inflation rate is now one of the highest in the world.

Official figures have put the inflation rate at around 50 percent, but unofficial estimates say it's about 300 percent Cheap Air Force 1 High Mens Sale , further worsening the Syrians' livelihood.

Despite the government's efforts to control markets and bring the exchange rate of the Syrian pound against the U.S. dollar back to normal levels, Syrians still grumble about the government's inability to reduce the soaring prices of consumer items and foodstuff.

The central bank of Syria has strongly intervened in the exchange market and its policy was proved constructive in pushing up the price of the pound. The dollar is now less than 170 pounds in the black market, down from 300 pounds two months ago.

Meanwhile, Syrian Prime Minister Wael al-Halqi recently confirmed that there is a large amount of reserves of hard currency, brushing aside concerns over the country's ability to secure people's needs of commodities.

Yet, a recent statement by the United Nations Economic and Social Commission for Western Asia (ESCWA) said that four million Syrians are subject to famine Cheap Air Force 1 High Sale , or below food poverty line in the ESCWA own standards. ESCWA also indicated that another eight million Syrians now live under the minimal poverty line, while 18 million live below the maximal poverty line.

The commission also noted in its report that "300,000 public sector employees are considered living under the food poverty line, " which is a volume that cannot be covered by donations.

The Syrian economist Abed Fadliyeh told local websites that the solution to the Syrians' hardship is to guide consumption amid rising food price, suggesting that prices have surpassed the citizens' purchasing power.

He pointed out that there are some problems the Syrian families are facing: a decrease in the household income as a result of reduced business activity, the rising and uncontrolled consumption prices.

People queue outside of a luxury goods store.

Consumers spent 1.2 trillion yuan overseas in 2015

Chinese consumers spent some 1.2 trillion yuan ($184 billion) overseas in 2015 and purchased almost half of the world's luxury products Cheap Lunar Force 1 Sale , a report has shown.

Chinese people spent a total of $116.8 billion on luxury products last year, accounting for 46 percent of the world's luxury sales, Fortune Character - a luxury product consulting firm - estimated based on revenues of over 20,000 brands, the Xinhua News Agency reported.

About $91 billion of Chinese consumers' luxury product purchases took place overseas, accounting for 78 percent of total Chinese luxury purchases Cheap Special Field Air Force 1 Sale , the firm said.

Price difference is the major reason why Chinese people shop overseas. According to the report, the price differences for products such as premium alcohol and wristwatches could reach 80 percent. Price differences for clothes, perfumes and cosmetics were usually below 30 percent.

Statistics from ymatou, a Chinese e-commerce platform, showed in an earlier report that Chinese people who preferred to shop overseas were usually age 25 to 40. People age 25 to 30 preferred to shop for shoes, clothes and cosmetics; people age 30 to 35 preferred bags and electronic gadgets; and people age 35 to 40 focused their spending on health products and jewelry.

Chinese observers said that the country's consumers will further increase demand for high-end durable products Cheap Air Force 1 07 Low Sale , but there is a long way to go to get these consumers to return to the domestic market.

"The retail price of those products reflects the cost of taxes, delivery channels, rent and gross margins. Thus products we buy from duty-free stores in Hainan Province are still more expensive than those in foreign countries," Wang Weiqing, an expert with the Institute of Taxation at Shanghai Jiao Tong University, was quoted by Xinhua as saying.

Meanwhile Cheap Air Force 1 07 Mid Sale , the inadequate development of the high-end retailing industry - including the establishment of duty-free stores - has not properly attracted consumers with high purchasing power to spend money domestically, Xinhua reported.

"We need to tackle the consumption outflow from both supply and demand," Zhou Ting, president of Fortune Character, told Xinhua. Zhou said that China needs to improve quality supervision and technical level on the supply side while boosting tax reductions to lower retail prices.

"Duty free stores in Japan and South Korea offer well-known international brands as well as domestically-made products. The quality improvement of national brands is the source of consumption," Zhou said.

China's economy saw 6.9 percent growth in 2015 Cheap Air Force 1 07 High Sale , the slowest annual expansion in a quarter century, but consumption has emerged as the new growth driver. Last year, consumption cont. Cheap Jerseys From China Cheap Authentic Jerseys Cheap Jerseys Wholesale Cheap NFL Jerseys China Cheap NFL Jerseys From China Cheap Jerseys China Free Shipping Cheap Jerseys Cheap Adidas NHL Jerseys Cheap Nike NFL Jerseys Wholesale Authentic College Jerseys
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