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The Ministry of Commerce of China in the first half of the year recorded $70.74 billion of foreign direct investment in mainland China. Over twelve months, the figure rose by 3.5%, indicating their steady growth in the country. In national currency, the volume of investments amounted to 478.33 billion yuan, which is 7.2% more than a year earlier. The June figure was at 16.13 billion dollars, an increase of 3% over the year. In yuan terms, foreign investment in China jumped 8.5% to 109.27 billion yuan. Over the half-year, 20 thousand 131 new enterprises were opened by foreign investors in China. China's high-tech sector recorded a 44.3% increase in foreign investment in annual terms. The share of this category in the total volume of foreign investments was 28.8%. The largest increase in direct investment in the Chinese economy was shown by Germany, the investments of its investors increased by 81.3%.
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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
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