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In June, foreign direct investment in the non-financial sector of mainland China increased in dollar terms by 5.8% compared to June 2017 and amounted to 15 billion 660 million dollars, the country's Ministry of Commerce reported. Regarding the national currency, the indicator rose by 0.3% year-on-year to 100 billion 700 million yuan. The growth of foreign direct investment in China is observed for the second month in a row. In the first half of the year, the volume of investments in national currency increased by 1.1% in annual terms to 446 billion 300 million yuan. Regarding the US dollars, the indicator rose by 4.1% to 68 billion 320 million dollars. At the same time, investments from the USA accounted for 29% of total foreign investments for six months.
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 ...
KYC Policy