Foreign direct investment (FDI) growth into China slowed to 7.9% year-on-year in September, its lowest level in three months, Bloomberg reported, citing figures released by the Ministry of Commerce. By contrast, FDI grew by 11.1% in August and 19.8% in July, and spending for the first nine months of this year in total was up […]
Category: Investment
China was a net seller of US government debt in August, bucking the broader trend of foreign investors scooping up US Treasury Bonds, the Wall Street Journal reported. China sold about US$36.5 billion for the month – its biggest sell-off this year – lowering its net holdings to US$1.12 trillion. In addition, the country’s portfolio […]
China Development Bank agreed to provide loan guarantees to Venezuela’s state-run Petroleo de Venezuela (PdVSA), in order to construct an oil refinery in Brazil, Dow Jones reported. CDB will provide 75% of the guarantees PdVSA needs to shoulder its part of the US$15 billion refinery, built in cooperation with Brazil’s state-run Petroleo Brasileiro (Petrobras; PBR.NYSE, XPBR.BMAD). […]
The State Council said Saturday that it would increase investment in two economic development zones in the Uygur Autonomous Region of Xinjiang, the site of several violent separatist protests in the past few years, state media reported. New measures including fiscal subsidies and tax preferences will encourage construction in the Kashgar and Korgas development zones, […]
Beijing’s sovereign wealth fund, China Investment Corporation (CIC), and its Russian counterpart, the Russian Direct Investment Fund (RDIF), plan to invest US$1 billion apiece in a new Sino-Russian investment fund, the Financial Times reported. The agreement was signed in Beijing on Tuesday by Chinese Premier Wen Jiabao and Russian prime minister Vladimir Putin. The new […]