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by Alito L. Malinao

MANILA Cheap Hurricanes T-Shirts , May 8 (Xinhua) -- The Philippines' gross domestic product (GDP) will continue to expand this year despite a global downtrend, according to the latest economic outlook of the International Monetary Fund (IMF).

At a press conference on Thursday, IMF Resident Representative for the Philippines Shanaka Jayaneth Peiris said that economic fundamentals in the Philippines remained good.

"Potential growth across the globe is going to be lower but in the Philippines it is rising," he said.

In its biannual Regional Economic Outlook report released this week, the IMF said the Philippine economy could grow by 6.7 percent in 2015 and 6.3 percent in 2016.

Last year, the country's GDP expanded by 6.1 percent but still the second fastest in the region, after China.

The IMF said that cheap fuel Cheap Hurricanes Hoodie , strong sources of dollar income, a rising middle-class and stable government spending will boost the Philippines' economic standing in the Asia-Pacific region.

Earlier, the IMF said poorer prospects in China, Russia, the euro zone and Japan will hold world GDP growth to just 3.5 percent this year and 3.7 percent in 2016.

The forecasts were lower than the 3.8 percent and 4 percent growth for 2015 and 2016 respectively given in the previous World Economic Outlook.

The cut underscored the steady deterioration of the economic landscape for many countries due to sluggish investment, slowing trade and falling commodity prices.

The IMF forecast that the United States, the world's largest economy Custom Hurricanes Jerseys , will expand by 3.6 percent this year, up a half- percentage point from the previous outlook.

But the economy of China, the world's second largest economy, is still expected to grow 6.8 percent this year, which is 0.3 percent slower than previously expected, and 6.3 percent in 2016.

"Lower growth in China will have an adverse effect on its trade partners, in particular on the rest of Asia Cheap Hurricanes Jerseys ," Oliver Blanchard, the IMF's chief economist, said at a briefing in Beijing in January.

In its own forecast, the World Bank also sees that economic growth in the Asian emerging economies will ease slightly even as the region benefits from lower oil prices and continued economic recovery.

In the East Asia Pacific Economic Update that it released earlier, the World Bank said countries on oil imports or fuel subsidies such as Indonesia, Thailand and the Philippines, are seen to gain significantly from the falling oil prices Teuvo Teravainen Hurricanes Jersey , which could remain up to 45 percent lower in 2015 and may rise "only modestly" in 2017.

The World Bank said that developing economies of East Asia are projected to grow by 6.7 percent in 2015 and 2016, slightly down from 6.9 percent in 2014.

Meanwhile most stocks in the region took a beating for the second straight session on Thursday as investors on Wall Street and others across the region were unnerved by sluggish U.S. data.

The main-share Philippine Stock Exchange index lost 57.37 points, or 0.73 percent, to close on Thursday at 7,816.27.

Other bourses in the region were also down, with Malaysia's main stock index slipping by 0.87 percent, Bangkok dropping by 1. 42 percent Jaccob Slavin Hurricanes Jersey , Jakarta slipping by 0.67 percent, and Singapore down by 0.78 percent.

BEIJING, May 23 (Xinhua) -- A Chinese team unveiled a new product of bio-engineered cornea on Saturday, which is expected to help millions of people suffering from corneal blindness to see again.

The Acornea, an acellular corneal stroma product developed mainly by China Regenerative Medicine Int. Ltd. (CRMI) and the Tissue Engineering R & D Center with the Fourth Military Medical University (FMMU), is the result of decades of research. It was accredited with due qualification by China Food and Drug Administration in late April.

The product, a kind of heterogeneous cornea Victor Rask Hurricanes Jersey , is devoid of cells, hybrid proteins, poly-saccharides and other antigens, but retains a natural collagen structure with remarkable bio-compatibility and biological safety, according to Jin Yan, head of the Tissue Engineering R & D Center with FMMU.

"It can quickly integrate with the surrounding tissue, and promote its own cells to be rebuilt. The transplanted cornea will gradually become transparent Scott Darling Hurricanes Jersey , thus, recovering the patient's vision," Jin added.

The Acornea has complete independent intellectual property rights and has been industrialized, which is a significant step for China in the field of tissue engineering and regenerative medicine, according to Guan Guoliang from CRMI.

Existing treatment for corneal blindness includes transplants and artificial corneas. Some heterogeneous materials, such as glass and silica gel, made with synthetic material are often rejected by the body.

Beijing Tongren Hospital and Wuhan Xiehe Hospital Elias Lindholm Hurricanes Jersey , among others, have conducted clinical trials of Acornea since 2010, recording a success rate of 94.44 percent, similar to the results seen with donated human corneas.

According to the World Health Organization, there are about eight million blind patients in China. However, only about 5,000 of those receive donated corneas annually.

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