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In July, foreign direct investment in the non-financial sector of mainland China increased in dollar terms by 19.3% year-on-year to $7 billion 750 million, the country's Ministry of Commerce said. Compared with the June rise of 5.8%, growth rate accelerated. The volume of foreign direct investment in RMB increased by 14.9% and amounted to 50 billion 400 million yuan. From the beginning of the year to July, foreign direct investment in the Chinese economy increased by 2.3% to 496 billion 700 million yuan. Direct investments of the USA for this period have grown by 12%. The number of new companies in China, which are financed by foreign business, increased in annual terms by 99.1%.
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 ...
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