China will reportedly sign a deal with Canada to launch a yuan clearing hub in the country Romelu Lukaku Belgium Jersey , the first one in North America, during Canadian Prime Minister Stephen Harper's visit to China.

The yuan clearing center will be located in Toronto rather than Canadian capital Vancouver, Reuters reported Tuesday, citing sources speaking on condition of anonymity, and an announcement is expected during Harper's trip to China, which started Wednesday and runs until Monday.

A press officer with China's central bank who did not give his name told the Global Times Wednesday that so far there is nothing to announce on the issue. The Canadian Embassy in Beijing was also unavailable for comment by press time.

Canada had earlier expressed an interest in establishing a yuan clearing hub. In June, Canadian Finance Minister Joe Oliver said his country was holding "very preliminary" discussions with the Chinese government on the issue Radja Nainggolan Belgium Jersey , according to Bloomberg.

The deal, if announced, will be the first of its kind in North America. Yuan clearing centers have already been set up in European and Asian financial hubs including London, Frankfurt and Singapore. Sydney is also expected to join the list later this month.

"It's no surprise that Canada is catching up with other major economies by strengthening economic relations with China, as the deal will help the country boost its trade and investment ties with China," Zhao Xijun, deputy director of the Finance and Securities Institute at Renmin University of China Nicolas Lombaerts Belgium Jersey , told the Global Times Wednesday.

China is Canada's second-largest trade partner after the US. In 2013, the two countries' bilateral trade volume amounted to C$73.23 billion ($64 billion), accounting for 7.74 percent of Canada's total foreign trade volume, according to data from Canada's industry authority.

Launching overseas yuan clearing hubs will facilitate the use of the yuan abroad, and is an important step toward the Chinese currency's internationalization, experts said.

China has stepped up its signing of currency swap agreements, launching direct-trading between the yuan and other currencies Nacer Chadli Belgium Jersey , as well as appointing offshore yuan clearing banks in the past few years.

The People's Bank of China (PBC) announced Tuesday that it had appointed Industrial and Commercial Bank of China to be the yuan clearing bank in Qatar, the first clearing hub in the Middle East, a move that analysts said could help the region's oil exporters reduce their dependence on the US dollar.

"It's the right time for China to expand the use of the yuan abroad, as there is growing demand for the currency in the overseas market," Li -Jianjun, an analyst with Bank of China (BOC), told the Global Times Wednesday.

Economic fluctuations in the US and European Union and their long-term quantitative easing policies have weakened international investors' confidence in their currencies Mousa Dembele Belgium Jersey , Li noted.

The US Federal Reserve ended its six-year bond buying program at the end of October.

"Overseas financial institutions also hope to earn a share of the booming yuan business," he said.

The yuan has become the world's seventh most-used currency for international payment and settlement, Yue Yi, vice president of BOC, told a media briefing on the yuan's internationalization held in Beijing on Tuesday.

According to Yue, cross-border trade settlements in yuan have surpassed 16 trillion yuan since China kicked off a trial program in July 2009, and the amount of overseas yuan deposits has reached 2.6 trillion yuan.

The archery industry offers a wide selection of bows: compound bows Michy Batshuayi Belgium Jersey , traditional bows, youth bows, take-down bows, and many others.

Each one has advantages and disadvantages and some are suited to one of the three major areas of archery: field archery, archery hunting, or target archery. In addition, archery bows are made by a ton of different manufacturers.

With all this variety Matz Sels Belgium Jersey , you might believe that each bow is quite different. In actuality, they all have basically the same parts: string, notches, upper and lower limbs, sight windows, brace height, and an arrow shelf. Compound bows have a few additional parts Marouane Fellaini Belgium Jersey , specifically cams and cables. These are necessary due to the design of compound bows. Compound bows have become increasing popular because they allow the shooter to hold more weight in their draw. This is because the weight of the draw actually reduces when the shooter is preparing to shoot. This translates into a smoother arrow shot for archers.

Traditional bows were the mainstay of the archery industry for many years, before compound bows popularity overtook them. They are still quite useful and offer a farther range shooting than compound bows. Take down bows can take both forms of traditional and compound bows, but there difference is the limbs can be taken off. This makes them great for storage and traveling. Finally, youth bows are designed for younger children and adults with smaller weights to fit their growing frames. They offer younger people an opportunity to grow into the sport from their youth.

Additional parts can be added to any bow to improve your accuracy. This is especially important in target archery. One piece of equipment type are stabilizers. These can be placed on the bow and reduce the vibration of the bow while it is being fired. This helps get off a smoother shot and improves your accuracy. Another common feature on some bows is the use of release aids. These are designed as an alternative to actually gripping the string. This feature allows you to concentrate more on the shot than your draw allowing a more consistent shot.

Armed with the information in this section, you should have a good foundation of the basics of archery bows. With just a little more research, you should be ready to pick the archery bow that is just right for you.Cheap Jerseys China   Cheap Jerseys Wholesale   Cheap Sports Jerseys   Cheap Replica Jerseys   Cheap NFL Jerseys China   Cheap NFL Jerseys Free Shipping   Cheap NFL Jerseys Free Shipping   Cheap NFL Nike Jerseys   Wholesale Jerseys   Wholesale Jerseys