that much experience could be drawn from the GEM operations. China Securities Regulatory Commission CSRC published measures for initial public offerings and listing on GEM on March 31, which have been in effect since the beginning of May. It later issued draft measures governing the approval committee and the sponsors of securities issuance for public feedback, which nearly concluded April 24. With the release of the listing rules draft, the launch of the GEM is drawing nearer. Under the current financial crisis, it would effectively expand the financing channels of smaller and middle-sized companies, which were anxious to make use of the opportunity, said Hong Liang, analyst from the China Galaxy Securities. WASHINGTON, May 7 Xinhua -- The Obama administration unveiled a 664-billion-U.S.-dollar defense budget plan Thursday, http://www.cheaptomsshoessalei.com - toms shoes , which reflects the new American administration's shift of focus in weapon programs and wars, http://www.geoide.ulaval.ca/toms.aspx - toms shoes sale . Overall, the budget blueprint for fiscal year 2010, which begins on October 1, includes 534 billion dollars for baseline defense budget and 130 billion dollars for overseas military operations, primarily for wars in Iraq and the Afghanistan. The total sum represents a modest one-percent increase of the total military budget for the current fiscal year, but the war funding will decrease by 10 percent and the baseline budget grows by 4 percent 2.1 percent after adjusting for inflation. U.S.President Barack Obama R delivers remarks on the budget for fiscal year 2010 ,as White House Budget Director Peter Orszag L stands aside, in the Eisenhower Executive Office Buildingin in Washington, the United States, May 7, 2009. Obama said on Thursday that he will trim 121 programs worth some 17 billion U. S. dollars from his 3.4 trillion-dollar budget for fiscal year 2010 The budget provides the balance necessary to finance our capabilities to fight the wars we are in today and the scenarios we are most likely to face in the years ahead, while at the same time providing a hedge against other risks and contingencies, http://www.tomsoutletsalecheap.com - toms outlet , Defense Secretary Robert Gates, who is visiting overseas, said in a statement. Pentagon Comptroller Robert Hale echoed him at a Pentagon briefing, described the new plan as a reform budget crafted to reshape the priorities of America's defense establishment. The sizeable defense spending increase carried out by the Bush administration is coming to an end, Hale noted. RESHAPING MILITARY Analysts said the new plan reflects the Obama administration's ongoing efforts to reshape the U.S. military into a force better suited to unconventional wars rather than being prepared for fighting large-scale conventional wars, which is what Gates has been advocating for months. In April, Gates said the administration must rebalance this department's programs in order to institutionalize and enhance our capabilities to fight the wars we are in today and the scenarios we are most likely to face in the years ahead, while at the same time providing a hedge against other risks and contingencies. A number of expensive Related articles:
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