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The 12th Chinese National Games closed on Thursday afternoon with the principle of frugality passed on to organizers of future Chinese sports events.


Chinese Premier Li Keqiang officially declared the Games close in a low-budget closing ceremony held at the gymnasium in the Olympic Sports Center.


Shandong beat Liaoning to top the final medal tally with 65 gold medals Kaufen Herren Nike Air Max 95 Weiß , breaking a 20-year tradition that hosts had been winning.


Liaoning was second with 56 golds with Guangdong in third place with 50.5.


With 78 percent of the budget slashed to keep it to a maximum of 800 million yuan (about 130 million U.S. dollars), the Games featured a smooth running and high-level competitions which saw five Asian records, 14 national records and one national youth record renewed.


Hailed as China's mini-Olympics, the Games attracted 9,770 athletes from 38 participating delegations including Hong Kong and Macao special administrative regions, the People's Liberation Army, the Xinjiang Production and Construction Corps and various sports associations of the trades such as railways, coal mining Bestellen Damen Nike Air Max 90 Leder Weiß , forestry, finance, banking and aviation.


The quadrennial games that featured all the 28 Olympic sports, plus baseball, softball and Wushu, used a complex medal counting system, which awarded two golds to the winner of an Olympic gold, one to a world record set in the Olympics and three apiece to the winners of soccer Herren Nike Air Max 97 OG GS Weiß Bestellen , volleyball and basketball.


Olympic swimming champion Sun Yang stole the limelight by sweeping 10 golds. The 21-year-old had secured five National Games golds without breaking a sweat, thanks to his two-gold, one-world-record performance in London.


Sun went on to collect another five in the men's 200m, 400m and 1,500m freestyle and two team events. He also grabbed a bronze in the men's 100m freestyle to become the most-medaled athlete.


These Games were not without ugly scenes. The Beijing team threw the women's rugby final against Shandong in a protest to controversial refereeing, while twin synchronized swimmers Jiang Wenwen and Jiang Tingting from Sichuan furiously questioned their scores which they believed could be lowered on purpose in favor of the local swimmers.


""There are a lot of good results achieved at the Games,"" said Xiao Tian, vice director of the State General Administration of Sports. ""New records were set in athletics Nike Air Max 97 Undefeated Militia Grün Günstig , swimming, weightlifting and cycling and some of the results could have ranked among top three in the World Championships this year.""


Guangdong's weightlifter Li Yajun in the women's 53kg class heaved 105kg to surpass the world snatch record of 103kg, although the International Weightlifting Federation does not sanction world marks set at the National Games.


Next National Games will be held in the northern Chinese city of Tianjin.

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by Sun Oumeng, Wang Naishui


NEW YORK, March 2 (Xinhua) -- U.S. stocks surged to close at record highs Monday, with the Nasdaq Composite Index soaring above the round-number mark of 5,000 points for the first time since March 2000, as investors meditated on downbeat economic data and an interest rate cut in China.


The Nasdaq on Monday went up 44.57 points to close at 5 Nike Air Max 97 Undefeated Sail Weiß Kaufen ,008.10. The tech-heavy index set its all-time high of 5,132.52 points on March 10, 2000, when it closed at a record high of 5,048.62 points on the same day.


The Dow closed at its all-time high of 18,288.63 points Monday, up 155.93 points, setting its fourth closing record for 2015. The S&P 500 ended at its fifth record close for the year Herren Nike Air Max 97 Ultra Triple Black Billig , up 12.89 points, or 0.61 points, to 2,117.39.


Adding positive sentiment to the market, the People's Bank of China, the country's central bank, on Saturday announced that it would cut the benchmark deposit and loan interest rate by 25 basis points (bps) starting March 1.


"In my opinion, I do believe that we will experience modest gains again this year Herren Nike Air Max 97 Silber Weiß Rot Kaufen ," Keith Bliss, Senior Vice President of Cuttone & Co., a broker dealer, told Xinhua.


The U.S. equity markets have been on a record breaking run to new all-time highs, with the S&P 500 going up a stunning 68.1 percent from the beginning of 2011 to now.


U.S. stocks closed the month of February on a strong note Friday, as data showed the U.S. economy regained moderate growth in the fourth quarter of 2014.


"The U.S. fundamental economy actually showed a better growth, and that's because a combination things from consumer having better jobs and benefit from oil, and companies have a lot cash and start into investing capital expenditures Herren Nike Air Max 97 Schwarz Schweiz ," Thomas Lee, Managing Partner at New York-based Fundstrat, told Xinhua. Lee was a former chief equity strategist with JP Morgan.


Wall Street was also sifting through Federal Reserve Chairwoman Janet Yellen's remarks on monetary policy in her testimonies to Congress. Yellen has reiterated that normalization of interest rates would begin when the Federal Open Market Committee is confident that inflation is on track to hit the U.S. central bank' s inflation target of 2 percent.


"If economic conditions continue to improve, as the committee anticipates, the committee will at some point begin considering as increase in the target range for the federal funds rates on a meeting-by-meeting basis," said Yellen.


While the U.S. central bank is signaling that they also want monetary policy to normalize, their hands will be tied for several quarters, according to Bliss.


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