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NEW YORK Nationals Michael Taylor Jersey , May 1 (Xinhua) -- Oil prices declined Thursday on concerns over China's economic slowdown and potential supply increase from Libya.

The purchasing managers' index (PMI) for the manufacturing sector rose to 50.4 last month, up from 50.3 in March, according to a statement jointly released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.

Although China's manufacturing growth continued to rise in April, the sub-index for export new orders dropped, fueling market worries over China's economic slowdown in the first quarter.

Moreover, an oil port in Libyan Nationals Max Scherzer Jersey , which has been closed for about 10 months due to protests, is said to have started loading oil again from Thursday.

In the previous session, oil prices dropped after the Energy Information Administration (EIA) on Wednesday reported U.S. crude inventories rose 1.7 million barrels to 399.4 million barrels for the week ending April 25, the highest level in 83 years.

The markets were also dragged by the below-expectation U.S. gross domestic product (GDP) in the first quarter. The real GDP increased at an annual rate of 0.1 percent in the first quarter, the slowest pace since the fourth quarter of 2012, according to the advance estimate released by the Commerce Department Wednesday.

Light Nationals Matt Wieters Jersey , sweet crude for June delivery fell 0.32 dollar to settle at 99.42 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery lost 0.31 dollar to close at 107.76 dollars a barrel.

GLASGOW, Scotland, Aug. 21 (Xinhua) -- China's Lin Dan, nicknamed Super Dan by his fans, opened his bid for the sixth world title with a comfortable victory over local player Kieran Merrilees at the World Championships here on Monday.

Lin needed only 39 minutes to beat the Scottish 21-15 Nationals Joe Blanton Jersey , 21-10 at Glasgow's Emirates Arena.

"I had never met him before this match so I watched videos of his two matches and found that he is a tough opponent," said Lin, who won the world title in 2006, 2007, 2009, 2011 and 2013.

"The match is not as easy as the score has suggested Nationals Jayson Werth Jersey ," the 7th seed said. "Everyone is trying to play his best game. My opponent was so strong and fast today."

Merrilees, ranked 66th in the world, said he has too much respect to Lin, one of the most successful players the sport has ever seen.

"I think what is the most difficult part is that I have grown up watching Lin Dan, he has been the player I have aspired to play like. He has done everything and more in the sport, he is a legend. I think he felt sorry for me because it was so easy for him.

"My legs were like jelly at the start Nationals Gio Gonzalez Jersey , I could barely play. I have been training so hard before these championships, but when I saw his name in the draw my head went down a bit and I let it get to me. I was just lucky that he started messing around a bit at the start of the second set which allowed me to get back into it."

Lin, 34, also a twice Olympic champion in 2008 and 2012, will next take on Emil Holst of Denmark, who defeated Sweden's Felix Burestedtolst 21-13 Nationals Derek Norris Jersey , 21-8.

Fourth seed Shi Yuqi, who stunned his teammate Lin to enter the All England finals this year, fought off tenacious challenge from Ireland's Scott Evans before winning 23-22, 22-20.

The 21-year-old Shi was too nervous in his first world championships but put the situation under control at the crucial moment.

World No. 1 Son Wan Ho of South Korea beat Kalle Koljonen of Finland 21-14, 21-16 while eighth seed Kidambi Srikanth of India defeated Sergey Sirant of Russia 21-13, 21-12.

Defending champion Chen Long will kick off his campaign on Tuesday against Georges Julien Paul of Mauritius and second seed Lee Chong-wei of Malaysia take on Brice Leverdez of France.

BEIJING Nationals Daniel Murphy Jersey , Aug. 16 (Xinhua) -- The State Council, China's cabinet, on Wednesday made public a series of measures for ensuring the steady growth of foreign investment.

China should make its foreign investment environment "more law-based, internationalized and convenient" to promote growth and raise the quality of foreign investment, according to a document from the State Council.

"[The country] should continue to reduce market access restrictions for foreign capital," the document said.

It will roll out nationwide a negative list for foreign investment that has been tested in pilot free-trade zones as soon as possible.

China will expand market access to allow foreign capital to enter sectors including new-energy vehicle manufacturing Nationals Chris Heisey Jersey , ship design, aircraft maintenance and railway passenger transportation, the document said.

On July 28, China began to implement a revised foreign investment catalogue, which included a negative list as well as sectors and industries in which the government wants to encourage foreign companies to invest.

The government will also make fiscal and taxation support policies to encourage overseas investors to expand investment and make use of their role in optimizing the service trade structure, the document said.

China encourages multinationals to set up regional headquarters in the country and wants more investment into western areas and old northeastern industrial bases.

The investment environment in national-level development zones will be improved by giving the zones more authority in investment management and raising their ability to provide industrial services Nationals Bryce Harper Jersey , the document said.

Foreigners will find it easier to get work permits as the government aims to facilitate the cross-border flow of professionals.

Before the end of this year, China will release detailed new rules for granting visas to foreign professionals including extending the validity period, the document said.

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