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|PARIS， Sept. 28 (Xinhua) -- French Finance Minister Michel Sapin on Wednesday unveiled the 2017 draft budget， in which the government held pledges to accelerate growth by 1.5 percent and to lower the budget gap by 6 percentage points to 2.7 percent.
The financial road map is a ""serious effort to manage public finances，"" according to Sapin.""This effort must be pursued because it's a condition of France's credibility and a guarantee of our sovereignty，"" he added.
Long under pressure to honor fiscal commitment， France aims to achieve a budget deficit of 3.3 percent of GDP this year before achieving the EU-mandated threshold at 2.7 percent of GDP or 69.3 billion euros (77.65 billion U.S. dollars).
""This commitment， we will hold. What is unlikely today will be proved possible tomorrow，"" the French minister added.
According to the 2017 budget draft， the French economy is expected to grow by 1.5 percent in 2016 and 2017， up from 1.3 percent recorded in 2015.
For next year， the government will increase public spending by 7 billion euros after pumping more to improve youth training， boost security and recruit more teachers.
France's total accumulated debt would be stabilized at 96 percent of GDP.
""It's true that a forecast can always be discussed. But to date， we have been consistent with the commitments we made，"" said government spokesman Stephane Le Foll.
""So， we continue to defend the growth outlook which is credible and serious，"" he added after a weekly cabinet meeting.
On Tuesday， the High Council of Public Finance (HCFP)， the country's independent fiscal watchdog， said France's growth and deficit targets were ""improbable，"" blaming higher spending which may hamper efforts to reach healthy finances.
COE-Rexecode institute of economic research painted a grim picture of the French economy next year， saying that the government failed to transform a favorable climate business in 2016 to a lasting recovery.
""Given a change in macroeconomic climate， modest intrinsic dynamics of the French economy and increasing drain on imports， we estimate a downturn in 2017，"" the institute said in a note.
SHANGHAI, May 24 (Xinhua) -- The total property investment by Chinese mainland investors in Hong Kong soared 213 percent year on year to 4.6 billion U.S. dollars in the first quarter of 2017, according to a report.
In 2016 Womens Seth DeValve Jersey , mainland investors spent more than 5.3 billion dollars in the Hong Kong property market, a year-on-year increase of 60 percent, according to a report released by Colliers International, a global leader in commercial real estate services.
So far Womens JC Tretter Jersey , office buildings have been the most popular category of property for mainland corporate investors. Since 2012, mainland investors have snapped up a total of 6.5 billion dollars' worth of office properties in Hong Kong.
Meanwhile, Chinese mainland investment outside Asia stood at two billion dollars in Q1 2017, down by 49 percent year on year Womens Kevin Zeitler Jersey , compared to Chinese mainland investment within Asia of 5.2 billion dollars, up by 62 percent year on year.
Hong Kong is expected to replace New York as the top overseas urban property investment destination for Chinese mainland capital in 2017, the report said.
The report also said the Chinese mainland investors are expected to continue to shift their focus from the United States to Asian markets at a moderate pace.
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