knowledge-based economy by 2020. According to the commission,toms outlet, the EU 2020 Strategy would aim to deliver greener and socially inclusive growth, which is built on three thematic objectives, namely creating value through knowledge, empowering people in inclusive societies and creating a competitive, connected and greener economy. The new economic plan is expected to feature high on the agenda of EU leaders' meetings in the first half of this year. Spain, which took over the EU's rotating presidency for six-months in January, had said it would put the economic issues at the focus of its term. NEW YORK, Jan. 2 Xinhua -- A recent New York Times/CBS News poll has found that more than half of Americans said they are spending less money in stores and online. A New York Times report available on its website Saturday quotes the poll as saying that nearly half of Americans said they were spending less time buying nonessentials. Some are working longer hours, but a larger proportion are spending additional time with family and friends, gardening, cooking, reading, watching television and engaging in other hobbies, says the report. The report also quotes the U.S,cheap toms shoes. Department of Labor's time-use survey as showing that compared with 2005, Americans spent less time in 2008 buying goods and services and more time cooking or taking part in organizational, civic and religious activities. However, people spent more time on cultural events last year, says the Times. While one new shows that attendance at museums and cultural events dropped from 2002 to 2008, it has climbed in 2009 at many major institutions, including the Museum of Modern Art in New York and the Art Institute of Chicago. Movie attendance was also up 5 percent in 2009. It's a different kind of recession,cheap toms, the paper quotes Richard Florida, the author of several best-selling books about the economics of cities as saying. It's not like in the '30s when people stopped going to concerts. Now people seem to be keeping up with experience consumption and cutting back on other necessities. There are, of course, potential problems as the United States drops old habits of consumption, says the paper. On the macro level, economists worry that it could undermine a recovery. NEW YORK, Jan. 1 Xinhua -- When investors open their books for a new year, without doubt that China will be a hot spot that they can't afford to miss. And for many who have closely followed the country's rise from economic slowdown, there are still uncovered opportunities lying in this vastly diversified market. We believe that there's a lot of momentum in the market, Matt Comyns, CEO of JLM Pacific Epoch, told reporters. Comyns has compiled a list of 60 reasons to be bullish about China, one of which is the great potential in many cities whose names most westerners haven't even heard of. China has more than 100 cities with more than 1,000,000 people in each, he said. The story of the recovery has been in the second and the third-tier cities. To explore business opportunities in less known Chine Related articles:

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