A recent report said China's Foreign Direct Investment (FDI) in the United States hit a record of over 15 billion U.S. dollars in 2015, yet hurdles to Chinese investment in the United States still exist. To keep the momentum and bring benefits to both, enhanced mutual trust and understanding are vital.
Australia needs to come up with a more positive approach to attracting foreign investments in land and agriculture, a leading Asia-Pacific agribusiness expert said Friday.
The negative spill-over effect of a slowing Chinese economy is overwhelmingly exaggerated, while the positive effect generated by China's economic structural adjustment is clearly underrated, economic experts said.
The Asian Infrastructure Investment Bank (AIIB), a China-initiated multilateral bank, started operational on Saturday, marking a milestone in the reform of global economic governance system.
The prices of crude oil are most likely to stay at relatively low levels in the near future as there are no signs of major producers taking actions to ease a severe oil glut yet. Nevertheless, some energy officials and analysts said that they expect the oil glut to gradually rebalance itself into 2016, though the high oil prices seen in the past may not be recovered soon.
China’s Central Economic Work Conference, which concluded recently, determined key economic tasks for next year, namely to promote structural reform and sustainable and healthy economic development. The journalist interviewed leading expert in the first time to analyze key points of social economic development and structural reform.
Standard & Poor’s has released its latest Global Financial Literacy Survey. Statistics show that only 45 percent Chinese would calculate compound interest from savings, and their knowledge about other wealth management basics is poor. To put their money in the bank for fixed term deposit is still the predominant way of wealth management for Chinese households.
China has approved RMB convertibility on the capital account within 10 million U.S. dollars for the Tianjin, Guangdong and Fujian free trade zones (FTZs), the central bank said on Friday.
Nearly 20 provincial governments in China have rolled out their local development plans for the 13th Five Year Plan period from 2016 to 2020, with their focus on the "Belt and Road" construction, the Shanghai Securities News reported on Friday. Under their development plans, they attach great importance to infrastructure construction in transportation industry and construction of industrial parks.
Chinese Premier Li Keqiang's recently published article on China's reform drive and international cooperation shows the country's pragmatism and determination, and charts a new and unprecedented blueprint that will also benefit world economic growth.
Li Te, owner of an iron ore works in Benxi City, Liaoning Province, feels it was a wrong decision to invest in the steel sector a few years ago, as excess production capacity has been a problem nationwide for years.
The gong simultaneously sounded in Shanghai Stock Exchange (SSE) and Hong Kong Exchanges and Clearing Limited (HKEx) on Nov. 17 last year declared the official launch of Shanghai-Hong Kong Stock Connect that links the capital markets of the Chinese mainland and the world. Since then, direct investment access to the stock markets in Shanghai and Hong Kong is available. The stock market of the Chinese mainland is directly open to global capital for the first time, while investors from the Chinese mainland also start their way of global asset allocation.
Parties to the Trans-Pacific Partnership (TPP) have reached an agreement on Oct. 5, agreeing to significantly reduce investment and trade barriers and establish new business rules.
While international rating agencies continue to harp on the strong economic fundamentals of the Philippines, the country has remained low in competitiveness ranking within the Association of Southeast Asian Nations (ASEAN), according to the World Economic Forum (WEF).
"Only when you benefit local people can you make profits," said Luan Jun, leader of a Chinese oil prospecting team in Kenya, after settling disputes with local people. His words reveal the philosophy of Chinese businesses going out.
The Internet will play an increasingly important role in reshaping China's economy, as more people are online here than anywhere else in the world, experts said.
A hard landing of the Chinese economy seems unlikely, although recent developments have cast some doubt on China's economic prospects, according to the Global Competitiveness Report 2015-2016 released by the World Economic Forum (WEF) on Wednesday.
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