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WASHINGTON Maglia Claudio Marchisio , July 27 (Xinhua) -- The International Monetary Fund (IMF) said here Wednesday that the Chinese currency Renminbi (RMB) was broadly in line with fundamentals and desirable policies.


In its 2016 External Sector Report, the IMF said that developments through June this year don't suggest a change in this assessment.


Through June 2016, the RMB has depreciated by 6 percent from its 2015 average, while in 2015, the average RMB real effective exchange rate appreciated by about 10 percent against the 2014 average.


However Maglia Sami Khedira , the IMF said that the assessment is facing uncertainties, such as diverging market views on the RMB outlook and shifts in portfolio allocation preferences.


Due to weak real import growth, China's current account surplus to gross domestic product ratio in 2015 was higher than 2014.


"China's current account position is stronger than warranted," said Luis Cubeddu, deputy division chief of the Regional Studies Division of the IMF's Western Hemisphere Department Maglia Giorgio Chiellini , at a teleconference.


He added that the surplus is expected to decline, with exchange rate policy and structural reforms playing a role.


As China's economy shifts further toward private consumption and away from external demand, the trade surplus is expected to narrow and the services deficit to rise with healthy outbound tourism over the medium term, the IMF said.


It is expected that pressure on China's foreign exchange reserves will remain manageable, as the volume of capital outflows is expected to be broadly steady with residents' portfolio rebalancing toward foreign assets due to the gradual opening of the capital account.


According to the report Maglia Juventus , the global external imbalances have widened again in 2015 after narrowing in the aftermath of the global financial crisis.


Three main factors contributed to the widening, including the diverging monetary policies adopted by advanced economies, the sharp decline in commodities prices, and the tighter external financing conditions in emerging markets.


"Uneven recoveries and expectations about monetary policies led to marked exchange rate movements across systemic currencies, supporting the widening of their external imbalances Maglia Leonardo Spinazzola Juventus ," the IMF said.


But the marked exchange rate movements won't necessarily call for coordinated currency policies among major economies, said Cubeddu.


The IMF called on countries to reduce reliance on monetary policy and focus on fiscal and structural policies to address the excess imbalances. Enditem

The growing demand of energy with increasing investments in offshore and unconventional exploration and production activities is expected to drive the global pressure pumping market. It is estimated to reach $116.12 billion by 2018, at a CAGR of 16.1% from 2013 to 2018. The latest exploration and highly advanced technology required in the African and Asia-Pacific regions are expected to experience the highest revenue growth during the next five years.
This report analyzes various marketing trends and establishes the most effective growth strategy. It identifies market dynamics such as drivers, opportunities, burning issues Maglia Mattia Perin Juventus , and winning imperatives. Major companies such as Schlumberger, Halliburton, Baker Hughes, and Weatherford have also been profiled in this report.
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Scope of the report:
On the basis of service types:
鈥?Hydraulic fracturing
鈥?Cementing
鈥?Other pressure pump services
On the basis of well types (North America):
鈥?Horizontal
鈥?Vertical
On the basis of resource types (North America):
鈥?Conventional
鈥?Unconventional
On the basis of geography:
鈥?North America
鈥?Europe
鈥?South & Central America
鈥?Asia-Pacific
鈥?Africa
鈥?The Middle East
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Pressure pumping is required during various phases of the lifecycle of a well for its completion, stimulation Maglia Juan Cuadrado Juventus , intervention, etc. Hydraulic fracturing is a technique used to generate oil and gas from wells with low permeability. Cementing is done to complete the well. This is a service provided by oilfield service companies to the oil and natural gas companies. In this report, the market is analysed based on hydraulic horse power supplied by oilfield service companies to the hydraulic fracturing market. The Asia-Pacific and Middle East markets are still in the state of infancy, creating strong growth prospects for the global pressure pumping market. While the North American market is near its maturity, the movement in the market will be subjected to competition.
Potential increase in recoverable resources and production is the most important driver for the global market. This technique is used to recover both oil and natural gas but is predominantly used to recover unconventional gas. Currently Maglia Joao Cancelo Juventus , natural gas is referred to as transitional fuel for being the link between conventional resources and renewable energy. This proves to be an advantage to the international natural gas market and hence to the pressure pumping market.
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For this report, the major players in the pressure pumping market are identified through secondary and primary research based on which their market shares are evaluated. This includes a study of the annual reports of top market players and interviews with key opinion leaders such as CEOs, Directors, and marketing people.
The size of the overall market is determined by forecasting techniques based on the pressure pumping demand in different regions, which is validated through primary sources. The market revenue and hydraulic horse power supplied for various types of pressure pumping services are determined and evaluated using primary and secondary research. The market data is available from 2011 to 2018 with a CAGR from 2013 . Cheap Jerseys China Cheap Jerseys Cheap Authentic NBA Jerseys Cheap MLB Jerseys Wholesale Cheap College Jerseys Wholesale Cheap Authentic MLB Jerseys Cheap Hockey Jerseys Cheap Retro Soccer Jerseys Wholesale Jerseys From China Wholesale Adidas NHL Jerseys