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BEIJING Discount Chicago Blackhawks Jersey , Aug. 1 (Xinhua) -- China's treasury bond futures closed lower on Tuesday, with the contract for settlement in September 2017 closing 0.12 percent lower at 97.22 yuan (about 14.5 U.S. dollars).


The December 2017 contract closed 0.13 percent lower at 97.46 yuan. The contract for settlement in March 2018 closed 0.07 percent lower at 97.56 yuan.


The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on and profit from the movements in the value of the bonds.


The treasury bond futures were launched at the Shanghai-based China Financial Futures Exchange and started trading on Sept. 6, 2013.


(This article is generated by Xinhua News Robot.)


President Xi attends reception for founding anniversary of PLA


Xi reviews parade in field for first time


China should boost digital economy: Premier Li


China's ice breaker Xuelong enters Arctic Ocean


Military parade held to mark PLA 90th birthday (Part I)


SWAT team members take part in drill


Acrobatic show staged in China's Xinjiang


Martial arts competition held in China's Henan


A 2024 Olympic Games in Boston could be an economic boost for the city and eastern Massachusetts, bringing $5 billion in new spending to the region over about seven years, a University of Massachusetts analysis of the bid revealed Wednesday.


The Games would see about $2.1 billion in new construction spending in the state over the six years before the event Discount Carolina Hurricanes Jersey , $2.9 billion in money related to its operations and $300 million in tourism revenue during the Games, according to the university's Donahue Institute research center.


The estimates, a portion of the overall $9.5 billion budget organizers have projected, are a forecast of revenue that Massachusetts-based firms would generate as a result of the Games. Researchers tried to factor out money that would have been spent anyway, such as existing transportation projects Discount Calgary Flames Jersey , and also to account for business lost because of the Olympic Games, including from tourists who stay away to avoid the crowds.


Boston was chosen by the US Olympic Committee in January but the bid has met with skepticism among some residents, with an organized opposition sprouting up to argue that Massachusetts taxpayers would shoulder much of the costs.


Among its finding, the report noted that, on average since 1960 Discount Buffalo Sabres Jersey , Summer Games have run dramatically over budget, exceeding initial estimates by three and a half times. But Boston intentionally took a frugal approach in its bid, in a nod to the International Olympic Committee's "Agenda 2020," aimed at holding down costs.


"In some international places, hosting the Games has almost become a way to demonstrate the power of a country and they have focused on building an incredible amount of new infrastructure Discount Boston Bruins Jersey ," said Dan Hodge, an author of the study. "Boston's proposal is more restrained."


The bid calls for using existing infrastructure at university campuses around the city, with a temporary stadium for events such as opening and closing ceremonies, to be dismantled afterwards.


Mayor Marty Walsh has said the Games could be paid for without taxpayer funds.


Chris Dempsey, co-chair of the No Boston Olympics lobbying group Discount Arizona Coyotes Jersey , said the study did not alleviate his concerns that taxpayers might be stuck with the bill. "We love the ideal of the Olympics, but the hard reality is that Massachusetts taxpayers will be on the hook for overruns," Dempsey said.


Boston will go up against a field that could include world capitals such as Rome, Paris, Berlin and Doha.



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