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Figures released Wednesday by China’s Ministry of Commerce show that 22,736 foreign funded enterprises were set up over the first ten months of the year, down by 26.24% over the same period of last year. The actual use of foreign investment reached nearly 81.1 billion USD, up by 35.06%. Source: People’s Daily Online
Guangdong province in south China has pledged to invest more than 40 billion yuan to build infrastructure projects in the province's rural areas before 2012. The projects include transportation, energy supply, telecommunications, water conservation and scientific innovation. The move aims to further improve the investment climate in the province's w...
China is set to become DHL's largest market in the world in terms of express service volume after the company moves out of the United States, Wu Dongming, managing director of DHL-Sinotrans, a joint venture of DHL and Sinotrans, said on Tuesday. This announcement came after DHL announced on Monday it was scheduled to end its services in U.S. domestic ...
The global financial crisis does not seem to have seriously affected the 104th Chinese Import and Export Fair, also known as the Canton Fair, in terms of either business deals sealed or the number of visitors received. Domestic exhibitors clinched trade deals worth $31.55 billion, while 174,562 overseas buyers attended the fair between Oct 15 to Nov 5,...
China's new home-buying policies were meant to make it easier for people to put a roof over their heads, but they've brought nothing but trouble to Xi Ning and his fiancee, who've quarreled many times before even getting the keys to a new home. Xi, a 26-year-old journalist in Beijing, signed an agreement on Oct. 19 to buy a second-hand apartment. A we...
China's actually utilized overseas capital rose 35.06 percent to 81.1 billion U.S. dollars in the past ten months, said the Ministry of Commerce on Wednesday. From Jan. to Oct., the country approved the establishment of 22,736 overseas-funded companies. That's a drop of 26.24 percent from the same period last year. In October alone, the country us...
Premier Wen Jiabao yesterday urged local governments not to waste a single minute in implementing the 4-trillion-yuan ($586 billion) stimulus plan unveiled on Sunday. In expanding investment, we must be fast, effective and forceful. We must focus on priorities and adopt a down-to-earth attitude to implement the measures, he told an executive meeting, w...
China is set to become DHL's largest market in the world in terms of express service volume after the company moves out of the United States, Wu Dongming, managing director of DHL-Sinotrans, a joint venture of DHL and Sinotrans, said on Tuesday. This announcement came after DHL announced on Monday it was scheduled to end its services in U.S. domestic ...
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