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China’s Ministry of Commerce announced yesterday that April’s inbound investment dropped 0.7 percent from a year earlier to $8.4 billion, following a 6.1 percent decline in March. FDI fell 2.4 percent in the first four months, from a year earlier, to $37.9 billion while outbound direct investment grew by 72.8 percent to $23.2 billion.
In the latest sign of trouble for the world’s second largest economy, foreign direct investment into China fell 0.7 percent in April – the longest stretch of decline since the start of the global financial crisis.
<p class="MsoNormal"><span lang="EN-GB">In the latest sign of trouble for the world’s second largest economy, foreign direct investment into China fell 0.7 percent in April – the longest stretch of decline since the start of the global financial crisis. <o:p></o:p></span></p>
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China has unveiled new rules that will effectively force the Big Four international accounting firms – Ernst & Young, KPMG, Deloitte and PricewaterhouseCoopers – to appoint a local citizen as the head of their mainland operations within the next five years, or face severe financial penalties.
<p>China has unveiled new rules that will effectively force the Big Four international accounting firms – Ernst & Young, KPMG, Deloitte and PricewaterhouseCoopers – to appoint a local citizen as the head of their mainland operations within the next five years, or face severe financial penalties.</p>
Pig faeces could be China’s next big energy source, claimed a report by Reuters on Wednesday, following the invention of a bioreactor called “PooCareTM”, which is able to convert solid waste into biofuel.
<p>Pig faeces could be China’s next big energy source, claimed a report by Reuters on Wednesday, following the invention of a bioreactor called “PooCareTM”, which is able to convert solid waste into biofuel.</p>
Pig faeces could be China’s next big energy source, claimed a report by Reuters on Wednesday, following the invention of a bioreactor called “PooCareTM”, which is able to convert solid waste into biofuel.
<p>Pig faeces could be China’s next big energy source, claimed a report by Reuters on Wednesday, following the invention of a bioreactor called “PooCareTM”, which is able to convert solid waste into biofuel.</p>
According to the official Xinhua news agency, an unnamed central bank official said China is looking to ‘steadily’ increase liquidity to steer its economy towards a soft landing.
As China’s economy heads for a slow down, the Chinese central bank has promised to boost the supply of liquidity in the financial system by turning to monetary easing tools. The announcement comes after China’s weaker-than-expected Q1 GDP growth, with a central bank official saying the extent and timing will be ‘appropriate’.
<p>As China’s economy heads for a slow down, the Chinese central bank has promised to boost the supply of liquidity in the financial system by turning to monetary easing tools. The announcement comes after China’s weaker-than-expected Q1 GDP growth, with a central bank official saying the extent and timing will be ‘appropriate’. </p>
On Saturday, China’s central bank made the announcement that it will widen the yuan’s daily trading band against the dollar to 1 percent, up from the previous 0.5 percent.
With the announcement, the yuan on Monday dropped to its lowest level against the dollar in almost three months.
The Chinese yuan fell sharply against the dollar in early Monday trade, after Beijing widened the currency’s trading limits. According to Beijing, the move will make the yuan more market-oriented as the country seeks to gradually liberalise its exchange-rate regime.
<p class="MsoNormal"><span lang="EN-GB">The Chinese yuan fell sharply against the dollar in early Monday trade, after Beijing widened the currency’s trading limits. According to Beijing, the move will make the yuan more market-oriented as the country seeks to gradually liberalise its exchange-rate regime. <o:p></o:p></span></p>
On Saturday, China’s central bank made the announcement that it will widen the yuan’s daily trading band against the dollar to 1 percent, up from the previous 0.5 percent.
With the announcement, the yuan on Monday dropped to its lowest level against the dollar in almost three months.
The Chinese yuan fell sharply against the dollar in early Monday trade, after Beijing widened the currency’s trading limits. According to Beijing, the move will make the yuan more market-oriented as the country seeks to gradually liberalise its exchange-rate regime.
<p class="MsoNormal"><span lang="EN-GB">The Chinese yuan fell sharply against the dollar in early Monday trade, after Beijing widened the currency’s trading limits. According to Beijing, the move will make the yuan more market-oriented as the country seeks to gradually liberalise its exchange-rate regime. <o:p></o:p></span></p>
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