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Foreign direct investment (FDI) into China rose by 23.4 percent year on year in January to 10.03 billion U.S. dollars, said Yao Jian, spokesman of the Ministry of Commerce (MOC), Thursday. A total of 2,243 new foreign-invested enterprises were approved in January, an increase of 20.2 percent year on year, Yao said. The services sector received 4.69 bill...
Speculative capital has 'limited impact' on economy, say economists BEIJING - China witnessed a "hot money" inflow of $35.5 billion in 2010, accounting for a relatively small part of the increase in foreign exchange reserves, the State Administration of Foreign Exchange (SAFE) said in a report published on Thursday. This is the first time that China a...
Reasonable' export quotas sought to boost sustainable development BEIJING - The government will impose stricter mining policies and environmental standards for rare earths and set "reasonable" annual production and export quotas to further regulate the crucial sector, the State Council said on Wednesday. Rare earth metals are comprised of 17 minerals a...
BEIJING - China reduced its holdings of US treasury bonds in December for the second straight month, but analysts said it is market-based short-term move and would not substantially change the country's foreign exchange reserves basket. The biggest buyer of US treasury debt cut its holdings by 0.4 percent to $892 billion, the US Treasury Department said ...
Chery Automobile, China's largest automobile exporter, said Tuesday its global monthly sales reached a record high of 86,299 vehicles, an increase of 17.52 percent over the same month last year. Of the total number of units sold, 10,505 were bought overseas, more than doubling the sales in January last year, said Jin Yibo, the company's spokesman. Jin...
The Greek economy is forecast to further shrink by at least 3 percent in 2011, the Bank of Greece ( BOG) said Tuesday in its annual monetary policy report. Greece must continue fiscal consolidation policies and accelerate deep structural reforms, focusing on measures to boost competitiveness, said BOG Governor George Provopoulos, who formally submitted th...
Singapore Exchange Limited (SGX) and ASX Limited, operator of the Australian Securities Exchange, announced changes to their merger proposals on Tuesday in a bid to boost the deal's chances of getting regulatory approval in Australia. BALANCE AT BOARD OF DIRECTORS Under the revised proposal, there will be an equal number of Australian and Singaporean d...
China Mobile Limited and Vodafone Group Plc signed a Strategic Co-operation Framework Agreement in Barcelona Tuesday. Wang Jianzhou, the Chairman of China Mobile and Vittorio Colao, the Chief Executive of Vodafone Group Plc signed the agreement at the China Mobile-Vodafone Strategic Co-Operation/CEO Forum which took place during the celebration of the Mob...
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