by Eric J. Lyman
ROME Cheap Nike Air Max Deluxe Triple Black , Sept. 16 (Xinhua) -- Italy's auto sector had its best month in years in July, when production increased by more than a fifth compared to the same month last year, but economists say the benefits for the overall economy are indirect rather than direct.
According to the latest statistics, auto sales in July were 20.1 percent higher compared to July 2014. The year-on-year increase was nearly double the jump for the next strongest sector, energy, and enough that ISTAT Cheap Nike Air Max Deluxe Retro , Italy's National Statistics Institute, called the auto sector a "steroid" with a big impact on overall industrial production, which rose 2.7 percent in July but would have been around zero growth if it didn't include auto production.
Italy's auto sector has just one major player, Turin-based Fiat, and there was a time when Fiat was such an industrial powerhouse that a jump like this would have had a major impact on overall economic growth projections and on the performance of the Italian Stock Exchange.
As recently as 1999, Italy produced 1.4 million cars Cheap Nike Air Max Deluxe Online , compared to around 400,000 last year when Spain, Britain, France and Germany all produced more than 2 million cards each.
"There's no doubt that a development like this is positive, but the auto sector isn't as important as it once was in Italy," Andrea Giuricin Cheap Nike Air Max Deluxe Wholesale , a Milan-based economist and a fellow with the Bruno Leoni Institute think tank, told Xinhua. "It has implications for car resellers, parts makers, and so on. But the main implication may be about what is says about consumer confidence."
Because almost all car sales in Italy are to owners replacing an older vehicle, most consumers can delay new car purchases if they are unsure they can afford a newer model. According to Paolo Pietro Biancone, an economist wit the University of Turin Cheap Nike Air Max Deluxe Shoes , the fact that so many more decided to replace their old cars in July compared to the year before is a combination of several factors: growing confidence in the country's economy, the fact that sales last year were so low, and the fact that Fiat has new and attractive models on the market.
"After the home, a car is the second largest investment for most families," Biancone said in an interview. "There are many factors at play, and this is clearly good news for the economy. Let's see if it continues."
According to the polling firm Opinioni Cheap Nike Air Max Deluxe 2018 , consumer confidence levels are improving though not as dramatic as the automobile production levels. But that could change quickly. "Consumer confidence is prone to dramatic changes," Maria Rossi, Opinioni's co-founder, told Xinhua. "When there's enough good news more and more people will believe the economy has turned the corner. But that may still be months away, if it happens at all."
China disputed claims Tuesday about inadequate efforts to save the crew of tanker Sanchi, saying they are "untrue and irresponsible."
Foreign Ministry spokesperson Lu Kang said at a daily press briefing that China mobilized nine vessels on the day the accident happened and there had been more than 13 rescue vessels at the scene from the second day.
Rescue forces from Shanghai and Jiangsu worked with Japan and the Republic of Korea (ROK) in the rescue operations Cheap Nike Air Max Deluxe 2019 , said Lu.
An Iranian Foreign Ministry spokesperson said Monday that it is "not true" to say that China had not made adequate efforts when faced with such a complex accident and that China had provided the utmost cooperation to Iran during the process.
"The remarks from the Iranian side shows that claims of an inadequate rescue are untrue and irresponsible," said Lu.
The Panama-registered oil tanker Sanchi, carrying 136,000 tonnes of light crude oil from Iran, collided with the CF Crystal, a Hong Kong-registered bulk freighter Cheap Nike Air Max Deluxe Sale , about 300 kilometers east of the Yangtze estuary on Jan. 6. Thirty-two crew members of the tanker, 30 Iranians and two Bangladeshis, were lost.
The entire ship sank Sunday afternoon. No burning was seen on sea surface from a marine surveillance plane at about 1 p.m. Monday and the oil spill could be easily seen from the air.
Lu said China welcomes Iran to join in the investigation of the accident, and will facilitate visas for the families of the crew.
China on Tuesday again voiced opposition to a gathering in Vancouver of foreign ministers from 20 countries on security and stability on the Korean Peninsula.
Canada and the United States will co-host the meeting, scheduled for Tuesday, will discuss measures to exert maximum diplomatic as well as economic pressures on the Democratic People's Republic of Korea (DPRK) to force it to end its nuclear and missile programs.
"Since this meeting does not have legitimacy or representativeness Cheap Nike Air Max Deluxe , China has opposed the meeting from the very beginning," Foreign Ministry spokesman Lu Kang told a routine press briefing. "While countries are committed to finding a proper solution for the peaceful settlement of the Korean Peninsula nuclear issue, some parties hold such a meeting in the name of the so-called United Nations command during the Cold War era. We do not know what the purpose of convening such a meeting is."
He said that without participation of some of the most important direct parties to the nuclear issue, the Vancouver meeting had no legitimacy and was not representative.
The meeting, in which China's foreign minister will not participate, comes as the DPRK and the ROK have resumed talks after Pyongyang decided to join the PyeongChang Winter . Cheap Wholesale Jerseys Cheap Jerseys Wholesale Cheap Jerseys Wholesale Cheap Jerseys China Wholesale Cheap NFL Jerseys China Cheap Authentic NFL Jerseys Cheap Football Jerseys Cheap NFL Football Jerseys Cheap NFL Nike Jerseys Wholesale NFL Nike Jerseys