BEIJING Wholesale Milwaukee Brewers Jerseys , Nov. 5 (Xinhua) -- Yang Yang (A), the current IOC member and China's former short track speed skating Olympic champion, said Tuesday that bidding for the 2022 Winter Olympics is a good chance for China to boost its winter sports.
The Chinese Olympic Committee (COC) announced Tuesday that Beijing, the 2008 Summer Games host city Wholesale Miami Marlins Jerseys , will bid for the 2022 Winter Olympics with another northern city of Zhangjiakou being a co-host.
"The news is not so surprising to me, as I heard the discussion about it before. No matter win or lose, it's a good opportunity for China to develop its winter sports," Yang Yang (A) told Xinhua.
As a two-time Olympic champion from 2002 Winter Olympics and a five-time Overall World Champion for 1998-2002 Wholesale Los Angeles Dodgers Jerseys , Yang Yang (A) has become an idol of China's winter sports. Her victory in the women's 500m short track at the 2002 Salt Lake City Winter Olympics made her China's first-ever Winter Olympics gold medalist.
From then on, China made progress step by step in the winter sports, and has showcased some power in speed skating, figure skating and women's curling so far. However Wholesale Los Angeles Angels of Anaheim Jerseys , there is still a long way to go in the ski events and ice hockey.
"I think the bid itself is a very good first step. We can improve ourselves in the procedure and the whole world will know more about us," she noted.
"The world won't doubt our ability (to host the Games). Beijing has experience in hosting the games in such a level, and after the 2008 Summer Olympics, all IOC members are familiar with Beijing Wholesale Kansas City Royals Jerseys ," she said.
On the Beijing-Zhangjiakou co-hosting plan, she said, "Geographically, the two cities can make up for each other to meet the qualification."
In the COC's plan Wholesale Houston Astros Jerseys , Beijing is expected to stage the ice events while Zhangjiakou, a city in Hebei Province located almost 200km northwest to Beijing, holds snow sports.
An inter-city express railway is to be built between Beijing and Zhangjiakou. It will take about 40 minutes to travel from Beijing to Zhangjiakou once the railway is in use.
"In my memory, almost no city can win the bid in its first try. But we will try our best to approach it. China has robust development momentum. Then the key point is who will be our rivals Wholesale Detroit Tigers Jerseys ," she said.
So far, Kazakhstan's Almaty and Ukraine's Lviv have also decided to bid for hosting the 2022 Games. Other potential contenders include Norway's Oslu, Germany's Munich, and a joint bid from Poland and Slovakia.
Nov. 14 is the deadline for submission of bids to the International Olympic Committee (IOC).
The IOC will finalize the candidate list in July Wholesale Cleveland Indians Jerseys , 2014 and select the 2022 host in July, 2015.
BEIJING, Jan. 12 (Xinhua) -- Mergers and acquisitions (M&A) enjoyed another record year in China in 2016, with outbound M&A soaring 246 percent by value to 221 billion U.S. dollars, more than the previous four years combined, said accounting firm PricewaterhouseCoopers (PwC).
According to a PwC report released on Thursday, the overall value of deals in China's M&A market rose 11 percent to 770 billion U.S. dollars, and deal volumes jumped 21 percent to 11,409 transactions last year.
In value terms, China's outbound M&A grew nearly 3.5 times the previous record set at the end of 2015. There were 51 outbound transactions valued at over 1 billion U.S. dollars, more than double the previous year's record.
"The growth in large outbound deals is offset to some extent by a decline in domestic and inbound strategic M&A," said Leon Qian, PwC China Transaction Services Northern China Leader.
"Domestic and inbound deals valued at over 1 billion U.S. dollars almost halved from 68 in 2015 to 36 in 2016. But this is partly because domestic strategic buyers were looking overseas more for their acquisition targets," he said.
M&A in real estate grew strongly to reach new highs in value. This helped offset declines in technology and financial services, which both came off strong peaks in 2015, the report said.
M&A activity driven by financial buyers hit new records in 2016 despite very strong growth in 2015 -- up 38 percent by volume and 23 percent by value to 229 billion U.S. dollars.
Financial buyers' involvement in outbound M&A continued to grow rapidly, more than doubling in 2016 to over 38 billion U.S. dollars.
"As in recent years, we see Chinese companies acquiring overseas know-how and brands to bring back to China, as well as looking overseas for inorganic growth," said George Lu, PwC China Transaction Services Partner.
"Privately-owned enterprises have tripled deal volumes this year and overtaken SOEs in total amount of transactions for the first time," Lu added.
Looking forward, the report concluded that China M&A in 2017 will track 2016 closely, with perhaps even a small decline, partly due to a longer approval time for the outflow of foreign currency and stricter scrutiny over certain sectors.
However, the report said that strategic outbound investment will continue to be encouraged. As a result, PwC said outbound M&A will continue to reach new records in 2018.
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