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NAIROBI Nike Shox OZ D Uomo Blu Argento Italia , Sept. 15 (Xinhua) -- Kenya on Friday revised its 2017 economic growth forecast downwards to 5.5 percent due to prevailing political uncertainty caused by presidential polls rerun.
Cabinet Secretary in the National Treasury Henry Rotich told journalists in Nairobi that the prolonged electioneering period caused by nullification of the Aug. 8 presidential polls by the Supreme Court is negatively affecting the business climate.
"Investors are adopting a wait-and-see approach towards new projects and this has forced the government to revise downwards its economic growth forecast for 2017," Rotich said during the launch of the Sector Working Groups for the Preparation of the Financial Year 20182019 and the Medium Term Budget.
Kenya registered a 4.7 percent economic growth for the first quarter of 2017.
"This growth was also lower than expected and can be attributed to the drought that affected agricultural sector which is the mainstay of the economy," he said.
Rotich said that the government is waiting for growth figures for second quarter of 2017 in order to make an accurate forecast for the entire 2017 Gross Domestic Product growth.
The National Treasury is also planning to launch austerity measures in order to cut wasteful spending.
"The areas to be targeted will include non-essential spending such as foreign travel and hospitality," he added.
"The savings in public expenditure will be used to fund rerun of the presidential polls slated for Oct. 17 as well as drought mitigating efforts," he noted.
The Independent Electoral and Boundaries Commission has requested approximately 125 million U.S. dollars to conduct the fresh polls.
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As the Vancouver Canucks held their first practice in Shanghai before their exhibition game with the Los Angeles Kings, a dense fog settled over the ice. The humidity in the arena was high and the players could barely see the puck.
Large dehumidifiers were rolled in and the mist eventually cleared, but the National Hockey League has perhaps a bigger visibility problem in China — a country with little tradition of winter sports, hockey included. The league is hoping to turn that around with a major push in the country Nike Shox Turbo 2 Donna Bianche Rosa Italia , beginning with its first two preseason games between the Canucks and Kings in Shanghai and Beijing this week.
The timing couldn't be better for the NHL. With Beijing set to host the 2022 Winter Olympics, the government is putting a massive emphasis on developing winter sports. Hockey training programs and youth leagues are expanding across China, and the nation's first professional team, the Kunlan Red Star, plays in Russia's Kontinental Hockey League.
With interest on the rise Nike Shox R4 Donna Nere Rosa Italia , the NHL believes it now has an opportunity to crack a market that has traditionally been more fixated on basketball and soccer.
"You don't quite know what to expect the first time the game is coming here, but I've always believed that hockey is a game you need to see live," Los Angeles Kings coach John Stevens said after Wednesday's practice. "And once you see it live, you become hooked as a fan."
A glance at the numbers shows just how far the NHL has to go. According to the International Ice Hockey Federation, China has just 1 Nike Shox NZ Uomo Bianche Blu Italia ,101 registered players, compared with nearly 556,000 in the United States and more than 631,000 in Canada.
And the fan base in a nation of more than 1.2 billion people is still in its infancy. On Weibo, the Chinese equivalent of Twitter Nike Shox NZ Uomo Nere Oro Italia , the NHL has just 47,000 followers, some of whom are obviously new to the sport. (One posted a question about the temperature of the arena and what was suitable to wear to the game.) The NBA, which hosted its first preseason exhibition games in China in 2004, boasts more than 33 million followers on Weibo.
"We're learning a lot about how to market here and we're learning a lot about how tickets are sold Nike Shox NZ Uomo Bianche Oro Italia ," says David Proper, the NHL's executive vice president of media and international strategy. "We're just viewing this as Year 1 of a multi-year project and in Year 1 we may not knock it out of the park but we can still build over time."
Media exposure certainly helps. State broadcaster CCTV now televises five games per week to Chinese audiences and the Internet giant Tencent streams 14 games per week on its digital platforms, including the Stanley Cup playoffs.
The NHL also has an influential partner on the ground in Zhou Yunjie, the billionaire founder of a Chinese drinks packaging company who has devoted significant time and resources to building the game he fell in love with as a youth in Beijing. Zhou's company, ORG Packaging Nike Shox NZ Bianche Argento Italia , is the presenting partner for this week's exhibition games.
"Hockey was actually quite common in northern China back in the '60s and '70s, so there is a foundation among the kids in those areas," Zhou said at his company's newly opened hockey training base in a Beijing suburb, which includes a fully-stocked gym, physical therapy room and a hotel for players attending training camps.
Zhou said China's hockey revival should focus on both universities and a professional league Nike Shox OZ D Uomo Bianche Italia , using the North American, northern European and Russian systems as models.
"It will take time before ice hockey really becomes like a religion with young people as it is in the West," he said. "But ice hockey will defin
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