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China utilized 27.41 billion U.S. dollars worth of foreign direct investment (FDI) in the first quarter, up 61.26 percent year-on-year, the Ministry of Commerce (MOC) said in a release on Thursday. It did not elaborate on the figures. The growth rate was 49.7 percentage points higher than a year earlier. China's FDI utilization has been rising ste...
Taobao, Alibaba's online consumer auction firm and the largest online retailer in Asia, is expected to see its transaction volume surpass 100 billion yuan (about 13.3 billion U.S. dollars) this year, according to a report it issued on Thursday. The report says that the volume of transactions on the auction site Taobao hit 18.8 billion yuan in the firs...
China National Offshore Oil Corporation (CNOOC), the country's largest offshore oil company, signed head of agreements Thursday that will lead to long-term supply of liquefied natural gas (LNG) of two million tons per annum from Qatar. Source: Xinhua
China's banking watchdog said on Thursday it would actively handle applications to run business on the Chinese mainland filed by corporate institutions that Taiwan banks set up in a third region. Such applications would be treated completely the same as those raised by corporate banks in a third region, under the present circumstance that banking indu...
China utilized 27.41 billion U.S. dollars worth of foreign direct investment (FDI) in the first quarter, up 61.26 percent year-on-year, the Ministry of Commerce (MOC) said in a release on Thursday. It did not elaborate on the figures. The growth rate was 49.7 percentage points higher than a year earlier. China's FDI utilization has been rising ste...
China's State Council, the country's Cabinet, has approved a new bonded zone in Tianjin, a further move to boost the opening-up strategy in the northern coastal municipality. The bonded zone covers an area of 195.63 hectares at the Airport Industrial Park, an official from the Tianjin Binhai New Area, where the park is located, said. The zone is s...
Global auto makers reported soaring first-quarter sales in China as they stepped on the accelerator to jostle for position in the world's fastest growing vehicle market. The sales growth of almost all the big global names far outpaced the industry average in China; passenger car sales rose 20.4 percent to 1.85 million in the first three months and 24 ...
China's trade of machinery and electronic products grew at an annual rate of 20.3 percent to 306.6 billion U.S. dollars in the first quarter, the Ministry of Commerce (MOC) said on Wednesday. The growth was two percentage points lower than that in the January to March period last year as the global economic slowdown reduced overseas orders for China-m...
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