Foreign direct investment in China rose 23.4% year-on-year to US$10 billion in January, Bloomberg reported. The figures, released by the Ministry of Commerce on Thursday, exceeded the expectations of most analysts, and highlight the challenge the country’s leadership faces in taming the risk of overheating. "Foreign inflows are complicating the government’s efforts to reduce excess […]
Category: Investment
China’s State Council said that it would create an investment review board to vet inbound mergers and acquisitions for national security threats, Reuters reported. The board would target specific sectors, particularly agriculture, energy, "important equipment manufacturers," infrastructure, military, transport and technology. Members of the new board will be drawn from the National Development and Reform […]
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Counterintuitive
China’s strong economic growth doesn’t necessarily equate to stock market gains, says Asia watcher Philip Bowring
The central government is planning to spend around US$4.6 billion on new airports in western China’s Xinjiang region, state media reported. According to new government plans, Beijing will build four new airports in the cities of Tazhong, Shache, Loulan and Tumshuq as well as expand current aviation facilities in Urumqi, Hotan and Korla. The construction […]
China Investment Corp (CIC) has chosen Toronto for its first foreign representative office, representing the US$300 billion sovereign-wealth fund’s broader internationalization effort and Canada’s relative openness to Chinese investment, the Wall Street Journal reported. The office has been under construction since at least the middle of last year and will be opened soon, according to […]