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Reuters

Foreign direct investment (FDI) into China rose 6.3 per cent in the first 11 months of 2020 year on year to 899.38 billion yuan (US$137.3 billion), the Chinese commerce ministry said on Tuesday.
For November alone, FDI rose 5.5 per cent from a year earlier to 98.7 billion yuan (US$15 billion).
This marked the eighth consecutive month for positive growth in FDI.
FDI into China had risen by 18.3 per cent in October from a year earlier to 81.87 billion yuan, while for the January-October period, FDI rose by 6.4 per cent from a year earlier to 800.68 billion yuan, quickening from the 5.2 per cent gain seen in the first three quarters.


China FDI up 6.3 per cent in 2020, with November up 5.5 per cent

Foreign direct investment (FDI) into China rose 6.3 per cent in the first 11 months of 2020 year on year to 899.38 billion yuan (US$137.3 billion). Photo: AFP

Foreign direct investment (FDI) into China rose 6.3 per cent in the first 11 months of 2020 year on year to 899.38 billion yuan (US$137.3 billion). Photo: Reuters

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Economy

China Economy

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China Business

Andrew Mullen

Orange Wang

Retail sales, a key indicator of consumption trends in the world’s most populous nation, grew by 5.0 per cent from a year earlier, marking the fourth successive month of expansion. Photo: EPA-EFE

Retail sales, a key indicator of consumption trends in the world’s most populous nation, grew by 5.0 per cent from a year earlier, marking the fourth successive month of expansion. Photo: Reuters

Retail sales grew by 5.0 per cent from a year earlier, marking the fourth successive month of expansion, while industrial production grew by 7.0 per cent from a year earlier.


China economy

Retailing

China GDP

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Cissy Zhou

The Chinese currency has strengthened continuously since June alongside the country’s rapid economic recovery from the damage caused by the coronavirus pandemic. Photo: Bloomberg

The Chinese currency has strengthened continuously since June alongside the country’s rapid economic recovery from the damage caused by the coronavirus pandemic. Photo: Reuters

The yuan has strengthened against the US dollar since June alongside China’s rapid economic recovery from the damage caused by the coronavirus pandemic.


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Karen Yeung

Zhou Xiaochuan, the former governor of the People’s Bank of China, is an advocate for Beijing’s digital currency plan. Photo: EPA-EFE

Beijing is not seeking to replace existing currencies with its digital yuan, former People’s Bank of Chinagovernor Zhou Xiaochuan tells Shanghai forum.


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China’s economic data offers key insights into the state of the world’s second largest economy. Photo: Shutterstock

China’s economic data offers key insights into the state of the world’s second largest economy. Photo: Xinhua

Gross domestic product (GDP) growth rate, consumer price index, purchasing managers’ indices, trade and industrial production are all key indicators for the health of China’s economy.


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Amanda Lee

The coronavirus has further strained fiscal conditions for local governments struggling with debt. Photo: AFP

The coronavirus has further strained fiscal conditions for local governments struggling with debt. Photo: EPA-EFE

Debt owned by local government financing entities in China has increased substantially this year, raising fears about a series of defaults across the country next year.


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Coronavirus pandemic: All stories

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Foreign direct investment (FDI) into China rose 6.3 per cent in the first 11 months of 2020 year on year to 899.38 billion yuan (US$137.3 billion)
FDI rose 5.5 per cent in November from a year earlier to 98.7 billion yuan (US$15 billion



Foreign direct investment (FDI) into China rose 6.3 per cent in the first 11 months of 2020 year on year to 899.38 billion yuan (US$137.3 billion).


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