" FILE - In this March 3 nike air force 1 bianche e blu , 2014, file photo, Victor Gizzi, left, and David Moginie, managers at flag manufacturer Flagmakers nike air force 1 bianche e oro , pose next to flags of New Zealand, left, and Australia, in their factory near Wellington, New Zealand. New Zealanders have begun a final vote on whether to change their flag from a design which features the British Union Jack to one which features a native silver fern. A postal ballot began Thursday, March 3 nike air force 1 rosse e nere , 2016 and will extend over the next three weeks, with preliminary results to be announced March 24. (AP PhotoNick Perry, File) WELLINGTON, New Zealand — New Zealanders began voting Thursday on whether to change their flag from a design which features the British Union Jack to one which features a native silver fern.
The postal ballot will extend over the next three weeks, with preliminary results to be announced March 24.
Organizers say that deciding the issue by popular vote represents a world first, and that other countries have changed flags by revolution nike air force 1 rosse e bianche , decree or legislation.
Opinion polls indicate the nation of 4.7 million people will opt to stick with its current flag, although proponents of the new design say they have momentum on their side and that more and more people are embracing a change.
Those favoring change say the current flag is too similar to Australia's and references a colonial past that it's time to leave behind.
Those opposed to change say the new design is uninspiring or is an attempt by Prime Minister John Key to create a legacy. One group seeking to keep the status quo is the Returned and Services Association, which represents war veterans.
The process of choosing a potential new flag has been long and sometimes amusing. People submitted more than 10,000 designs, including bizarre ones like a kiwi bird shooting a green laser beam from its eye and a stick drawing of a deranged cat.
A December popular vote saw a flag by architectural designer Kyle Lockwood become the official challenger. Like the current flag, it features four red stars representing the Southern Cross nike air force 1 bianche e nere , but replaces the Union Jack with a fern and changes the background colors.
Prime Minister Key told Radio New Zealand this week that people had a once-in-a-lifetime opportunity to vote for a new flag.
""If they don't vote for change now, they'll never get another chance until we become a republic,"" he said, adding that he could not see that happening within his lifetime because of the popularity of the young British royals.
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(ECNS) -- People's Bank of China Governor Zhou Xiaochuan said China's economy is expected to grow 7 percent in the second half of this year with the future priority of ensuring financial stability.
Zhou made the statement during a panel discussion at a Group of 30 seminar in Washington, held in conjunction with International Monetary Fund and World Bank annual meetings.
The main driving force now is rapid growth in household consumption, said Zhou nike air force 1 bianche basse , adding added value from tertiary industries accounted for 55 percent of GDP, compared to 40 percent 15 years ago.
Zhou said shadow banking activities have slowed in response to China's efforts to reduce financial risk two years ago.
The asset management business is "relatively complicated" because the three regulators overseeing the industry set different rules, but agreements have been reached to streamline supervision after China established a committee focused on financial stability and development in July, according to Zhou.
Some Internet firms without financial licenses may "cause certain competition and financial stability problems," it was added.
Zhou added a regulatory policy towards large private companies who acquired financial service licenses through merging but were suspected of involvement in connected transactions was still lacking.
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