In January, China’s non-financial companies reduced direct investment abroad by 15% from a year earlier to $9 billion 190 million, the country's Ministry of Commerce reported. The tightening of checks on the security of foreign investment in a number of countries has led to the decline in the rate. The January figure was also influenced by a sharp jump in investment in sectors such as mining. Excluding this sector, the volume of investments in January was at the level of 22.6%. In the late summer of 2017, new rules prohibiting investment in areas that could jeopardize security began to take effect in China. In addition, the restrictions affected deals in the sex and gambling industries.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...