China Economic ReviewChina's actual foreign direct investment grew by 18.77% year-on-year in the first eight months of 2004, bringing in US$43.559 billion, the Ministry of Commerce said. In the same period contracted foreign investment, a measure of future business, increased 38.89% year-on-year to US$93.792. In addition, the ministry said it had approved 28,748 new foreign-invested ventures in […]
China's Yunnan province and regional governments from northern Vietnam have begun laying the groundwork for a cross border economic corridor, designed to strengthen trade, investment and transport links, the China Daily reported. Leaders from Yunnan and the Vietnamese provinces and cities of Hanoi, Hai Phong, Quang Ninh and Lao Cai agreed to work together to […]
China's central bank, the People's Bank of China, said the country's commercial banks should prepare to launch fund management firms and develop their fund business. In a statement on its website, the People's Bank said the State Council, China's cabinet, had agreed to the issue on principle although it did not give a time for […]
China's State Administration of Foreign Exchange has granted additional investment quotas to three qualified foreign institutional investors (QFIIs), saying the institutions have become an important force in the domestic capital market. The move brings the total investment quotas of the QFII scheme, which allows foreign investors to trade in China's RMB-denominated A shares and bonds, […]
Growth forecasts for China's automobile industry output in 2004 have been cut by more than half in the face of sluggish domestic car sales. The National Bureau of Statistics adjusted its sales forecast to 2.39 million cars down from 2.82 million � cutting the expected growth forecast this year from 40% to 18%. An official […]