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China's actual use of foreign investment plunged 32.67 percent year on year to 7.54 billion U.S. dollars in January, a Ministry of Commerce (MOC) official said in Beijing Monday. Foreign investment use has seen consecutive falls in China since October, when a 2.02-percent annual drop was recorded. Yao Jian, an MOC spokesman, attributed the Jan...
German drug and chemical group Bayer Schering Phama has planned a 100 million euro investment in the next five years to set up a research and development center in Beijing, China Daily reported in Beijng on Saturday. The Beijing center will be the company's first pharmaceutical division in China. Bayer has three such centers in Germany and the U.S. ...
China Mobile Communications Corporation (China Mobile) will invest another 500 million U.S. dollars in Pakistan during the year 2009, the company's subsidiary in Pakistan disclosed on Friday. The money will be earmarked for building new network capacity and other infrastructure, the CM Pak Ltd. (CM Pak), China Mobile's wholly-owned subsidiary in Pakis...
China Mobile Communications Corporation (China Mobile) will invest another 500 million U.S. dollars in Pakistan during the year 2009, the company's subsidiary in Pakistan disclosed on Friday. The money will be earmarked for building new network capacity and other infrastructure, the CM Pak Ltd. (CM Pak), China Mobile's wholly-owned subsidiary in Pakis...
According to the latest statistics from the Shanghai Municipal Commission of Commerce, foreign companies set up 83 new economic institution headquarters in Shanghai in 2008. As of the end of 2008, foreign companies had set up a total of 676 economic institution headquarters in Shanghai, comprised of 224 regional headquarters, 178 investment-oriented compa...
The Ministry of Commerce said Thursday it would start an anti-dumping investigation against terephthalic acid from Thailand and the Republic of Korea. The ministry said it would examine the scale of the alleged dumping and its damage to the domestic industry. Terephthalic acid is an organic compound used in polyester coatings and resins. S...
The General Administration of Customs of the PRC issued a report on February 5, saying that China's import and export price indexes both continued to decline in December 2008. This was the fourth month in a row that saw a slump in the import price index. Growth in export prices fell slightly. The price of China's imports in December was 11.9 perce...
Trade between China and Africa reached a record 106.84 billion U.S. dollars in 2008, up 45.1 percent from a year earlier, customs figures showed Wednesday. Exports to Africa reached 50.84 billion U.S. dollars, up 36.3 percent. Imports from Africa hit 56 billion U.S. dollars, up 54 percent. China had a trade deficit of 5.16 billion U.S. dollars with ...
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