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BEIJING Wholesale Miami Heat Hats , Jan. 31 (Xinhua) -- The EU ambassador to China, Hans Dietmar Schweisgut said Wednesday that he was staying optimistic on the future of China's reform and opening up, even if economic shift was hard.


Schweisgut expressed his opinion in a forum hosted by the Global Times celebrating the 40th anniversary of China's reform and opening-up in Beijing.


Schweisgut said China's economy was now shifting to become more consumption-based and more innovation-driven, which was a complex progress and qualitative change, bringing more difficulties for future reform.


However Wholesale Memphis Grizzlies Hats , Schweisgut said he was optimistic as the Chinese model had proven flexible enough to adjust to the situation, and he hoped it would continue to be flexible in the future.


Schweisgut said he thought China's leadership had recognized the challenges, and he said he hoped to see the implementation of more policies.


He said that during the past 40 years of reform and opening-up, the cooperation between China and the EU had traveled a long way, expressing his hope that in the future China and the EU could build a more equal Wholesale Los Angeles Lakers Hats , fair and balanced bilateral economic relationship.




Facebook Inc offered reassurances to investors on Wednesday that its digital ad business would remain highly profitable, despite a dip in usage on the social media network and an overhaul of its flagship News Feed.


The company said in an earnings report that quarterly revenue jumped 47 percent from a year earlier, and executives said on a conference call that they saw more chances to make money even if people spend less time on Facebook.


Analysts had wondered about the resilience of the world’s largest social media network, which is making changes to its products to deter foreign influence campaigns like ones that it says Russia has carried out and to stem the spread of sensationalism.


Facebook added to jitters after the bell on Wednesday when, in its earnings report Wholesale Los Angeles Clippers Hats , it said that at the end of last year time spent by users had fallen by about 50 million hours a day.


Shortly afterward, though, Facebook executives expressed optimism on the call with analysts, saying the changes they were making in response to criticism would be healthy for the business in the long term and might not even hurt much in the short term.


“I want to be clear: The most important driver of our business has never been time spent by itself. It’s the quality of the conversations and connections,” Chief Executive Mark Zuckerberg said on the call.


Facebook management “acknowledged things that maybe most investors weren’t thinking about before — the reduction of users and usage — but at the same time they pointed to a lot of positive trends on their other platforms Wholesale Indiana Pacers Hats ,” Pivotal Research Group analyst Brian Wieser said.


Although Facebook usage is down, he said, “One shouldn’t be reflectively negative on this.”


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