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KIEV， Oct. 21 (Xinhua) -- Kiev's Olympic stadium is nearly prepared to host the 2018 Champions League final， UEFA President Aleksander Ceferin said in an interview with Football Federation of Ukraine (FFU) published on Friday.

"As always， there is some renovation work， but the stadium is almost ready，" Ceferin was quoted as saying by the FFU's press service.

Apart from the Champions League final， in May 2018， a string of other entertaining activities for football fans will be held in Kiev， Ceferin said， voicing his hope that the events will contribute to the development of soccer in Ukraine.

Last month， the UEFA has selected the 70，050-seat Olympic stadium to host the 2018 Champions League final.

The stadium， which was the venue for the final match of Euro 2012 soccer championship co-hosted by Ukraine and Poland， was built in 1923， but was renovated five times. After its latest reconstruction for the Euro 2012， the arena became a multifunctional venue suitable for hosting not only football matches， but also concerts and track and field competitions.

The 2018 UEFA Champions League final match is slated for May 26， 2018.

DAVOS Nike Air Max TN Kopen , Switzerland, Jan. 21 (Xinhua) -- China's economy is going through a series of historic transitions, and recent short-term market volatility will prove temporary, experts attending the World Economic Forum (WEF) Annual Meeting 2016 here said on Thursday.

The Chinese government is implementing wrenching reforms trying to shift its growth driven from investment and manufacturing to services and consumption. Experts warned that the uncertainty during the process will lead to periodic market disruptions.

China witnessed a turbulent year in 2015. Growth in the world's second largest economy hit a quarter-century low of 6.9 percent, compared with 7.3 percent a year earlier.

"We see the transitions as manageable," Christine Lagarde Nike Air Max 96 Kopen , Managing Director of the International Monetary Fund (IMF) said, stressing calm in the face of recent volatility.

"There needs to be acceptance that there will be a certain degree of volatility; this is entirely compatible with market-driven principles," she said.

The International Monetary Fund said it expected China's economy, a major contributor to global growth, to grow by 6.3 percent in 2016.

"Indeed, China is going through a cyclical adjustment Nike Air Max 95 Kopen ," said Ray Dalio, Chairman and Chief Investment Officer of Bridgewater Associates, USA.

"The reforms and leadership in China is fundamentally very good. What we are dealing with should be short-term challenges," said Dalio.

"This may last two to three years," he said, "the future of China is vibrant and young Nike Air Max 90 Mesh Kopen , and any volatility is global and linked to monetary policy."

"China has reached the point of no return - the country needs to deepen reforms to avoid the middle-income trap," said Jiang Jianqing, Chairman of the Board, Industrial and Commercial Bank of China.

"We can no longer depend on investment; we need to rely on innovation and economic reforms to deliver the next wave of economic growth," he explained.

"It is a difficult transition for any country, let alone during the digital era and with the lack of market liquidity in the post-crisis world Nike Air Max 97 Heren Kopen ," said Gary D. Cohn, President and Chief Operating Officer of Goldman Sachs, USA.

"The shift from a capex to an opex economy means that the government has less control of economic growth," he added.

"There is a complete decoupling of the stock market from the real economy," said Zhang Xin, Chief Executive Officer and Co-Founder of SOHO China.

She argued that Nike Air Max 97 Dames Kopen , in real estate sector in China, property leasing is very strong and real asset values are rising even as listed real estate companies trade at huge discounts in the public markets.

Despite criticism, China is making strong progress: domestic consumption has grown from 49 percent of GDP five years ago to 52.5 percent now.

"China is in the midst of a major transition, and in the process a lot of assets will be revalued," said Fang Xinghai, Director-General of International Economic Department Nike Air Max 97 Zilver Kopen , Office of the Central Leading Group for Financial and Economic Affairs of the People's Republic of China.

He said it's a combination of Chinese and global factors that have caused recent volatility, referring to the raising of rates by the U.S. Federal Reserve, and the poor performance of emerging markets.

Fang said he has no doubt that China has the talent to adapt.

Government service and public service still carries very high esteem in China. The market is complex and sometimes China doesn't deal with this sophistication as well as it could, he explained.

"But we'll learn," he added, as the reform strategy is on track.

US Defense Secretary Ashton Carter (R) holds a welcoming ceremony for visiting Vice Chairman of China's Central Military Commission Fan Changlong (L) in Washington Nike Air Max 97 Ultra Kopen , the United States, on June 11, 2015. Photo: Xinhua

Top Chinese military official Fan Changlong on Thursday met with US Defense Secretary Ashton Carter amid increasing tensions in the South China Sea, as the two countries worked to strengthen communications to avoid strategic misunderstanding.

During the talks at the Pentagon, Fan reaffirmed China's position on the South China Sea issue and urged the US military to reduce its naval and air activities in the region while sticking to its stance of not taking sides on the territorial disputes.

Carter continued to express US concerns around the South China Sea, and called on China and all claimants to implement a lasting halt on land reclamation Nike Air Max 97 Wit Kopen , said a Pentagon statement.

China and the US have had multiple rounds of exchanges over the South China Sea issue in the past few months. Senior US military officials, including Carter, as well as politicians have harshly c.