Arab Today, arab today china\s fdi inflow rises 1044
Last Updated : GMT 06:40:26
Arab Today, arab today
Arab Today, arab today

China\'s FDI inflow rises 10.44%.

Arab Today, arab today

Arab Today, arab today China\'s FDI inflow rises 10.44%.

Beijing - XINHUA

Foreign direct investment (FDI) into the Chinese mainland rose 10.44 percent year on year to reach 19.31 billion U.S. dollars in the first two months this year, the Ministry of Commerce said on Tuesday. The growth rate marked a surge from the 5.25-percent year-on-year increase in 2013, but was lower than the 16.11-percent year-on-year rise in January. Overseas investors set up 2,764 new enterprises in the mainland in January and February, down 5.18 percent year on year, ministry spokesman Shen Danyang said at a press conference. FDI in the service sector gained 25.54 percent year on year to hit 10.61 billion U.S. dollars in the first two months, or 54.9 percent of the total, Shen said. In contrast, the manufacturing sector saw its FDI inflows decrease 6.06 percent year on year to 7.02 billion U.S. dollars. FDI from the United States gained 43.26 percent year on year to reach 711 million U.S. dollars. FDI from 10 major Asian economies climbed 11.58 percent year on year to 16.94 billion U.S. dollars, including a 17.63-percent rise from China's Hong Kong, and a 223.62-percent rise from the Republic of Korea. But FDI from the European Union fell 13.82 percent year on year to 1.05 billion U.S. dollars. With an inflow of 15.3 billion U.S. dollars, the affluent east of China continued to grab the lion's share of FDI in January and February. However, the country's central and western regions have become increasingly attractive to foreign investors. FDI inflows into the central region stood at 2.62 billion U.S. dollars in the first two months, up 75.02 percent year on year. The west bagged 1.39 billion U.S. dollars, up 28.98 year on year. China's outbound direct investment by non-financial firms decreased 37.2 percent year on year to stand at 11.54 billion U.S. dollars, according to the ministry. In January and February, investment in the United States rose 45.6 percent year on year and that in Australia gained 31 percent year on year. In response to a question about whether the yuan's recent depreciation is a result of government intervention, Shen warned against hype about the recent downward movement in the value of the currency against the U.S. dollar. The yuan's value came under the spotlight as its exchange rate against the U.S. dollar declined 0.4 percent in the first two months this year, a period in which the country also saw a shrinking trade surplus. "People should put the yuan's recent depreciation in the wider context of China's reform of its currency's exchange rate formation mechanism," Shen added. China's central bank widened the yuan's daily trading band from 1 percent to 2 percent on Monday. The move aims to enhance the floating flexibility of the Renminbi exchange rate, make capital allocation more efficient, facilitate economic restructuring and beef up the decisive role of market in allocating resources, the People's Bank of China said in a Saturday statement. From the launch of the yuan's exchange rate reform in 2005 to the end of last year, the currency has appreciated by 35.75 percent against the U.S. dollar, resulting in the currency's "effective" exchange rate rising 42.21 percent, according to Shen. "We hold that the recent moves of the Renminbi are more a result of the market impact. Compared with the currencies of some emerging economies, the yuan's recent fluctuations remain in a normal range," he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s fdi inflow rises 1044 Arab Today, arab today china\s fdi inflow rises 1044

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today More than 100 injured in train collision in South Africa
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday