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"We have successfully traversed the global economic shocks of the past five years, but have maybe not bounced back as effectively as we could have,” Gordhan said.
The drop comes amid a report from Xiamen University that GDP growth will decrease to 7.62 per cent in 2014.
Conservationists say that deforestation dramatically surged since Congress passed a 2012 bill that weakened existing land and forest codes.
Beijing's role is critical, experts say, in raising domestic awareness of the cost of wildlife trafficking, and pursuing smugglers.
One analyst voiced the widely held belief that the vote could give the defence minister the mandate to declare his presidential candidacy.
A market-reform strategy announced by China's leadership last week has buoyed stocks in Brazil and India.
Russia sees the frayed Egypt-US relationship as an opportunity to expand its influence.
By the end of the 1970s, the USSR had become India's greatest trading partner - a legacy that was to last well into the next century.
The National Security Agency contractor who leaked vital US intelligence to the media, finally left Moscow's Sheremetyevo Airport after a 38-day ordeal.
European and American politicians have repeatedly stressed the need for reform of the existing rating regimen.
