He expressed the wish to deepen bilateral cooperation in all fields and advance the strategic partnership for sustained growth. On Friday, Altankhuyag also met with Chinese President Mulberry Handbags Outlet Xi Jinping and held talks with Premier Li Keqiang. British economy grew 0.8 percent in the third quarter of 2013, beating previous expectations of 0.7 percent, figures published on Friday showed. The 0.8-percent growth was the strongest quarterly increase since the second quarter of 2010. James Knightley, chief UK economist with ING,Discount Designer Handbags said the growth was good for jobs prospects. With confidence continuing to rise and business surveys suggesting that orders rose strongly through the third quarter of 2013, Knightley said he was optimistic that the British economy would post a decent growth rate in the final quarter of the year as well. “As such we look for ongoing employment Knockoff Handbags gains that could see the unemployment rate edge lower,” he said. The Bank of England (BOE) is targeting a 7-percent unemployment rate before it considers raising interest rates from their current historic low of 0.5 percent. The BOE forecast the 7 percent rate will be reached in the third quarter of 2016, but economists and the markets believe the Prada Outlet Online continuing recovery will lead to a quicker creation of new jobs “We continue to doubt that it will take three years for the unemployment rate to drop below 7 percent. We think that there is a reasonable chance it could drop below 7 percent by early 2015,” Knightley said. Knightley said the main concern for the British economy was the squeeze on Cheap Moncler Jackets household finances, threatened by low pay increases and higher inflation. George Buckley, chief UK economist at Deutsche Bank, said the big uncertainty in today’s GDP report was services output, given that ahead of the GDP publication there was little official news on the sector. “In the event, services output grew by 0.7 percent which,Canada Goose Outlet while slower than the PMIs would have indicated, puts services output above that of other sectors relative to its pre-recession peak,” Buckley said. Output of the production industries grew just 0.5 percent, with manufacturing at nearly 1 percent. Construction grew by 2.5 percent, its best quarterly performance since the first half of 2010. Cheap Beats By Dre “Both the PMIs and the official monthly data suggest that housing construction, rather than infrastructure, for example, was to blame for stronger overall construction growth,” Buckley said.