Space Travel News  
TRADE WARS
China FDI up 5.6 percent in 2015: official data
by Staff Writers
Beijing (AFP) Jan 14, 2016


Foreign investment into China accelerated in 2015 as cash poured into the country's service sector, official data showed Thursday, despite slowing expansion in the world's second-largest economy.

Foreign direct investment (FDI), which excludes the financial sector, rose 5.6 percent from the previous year to $126.3 billion, according to figures from the commerce ministry.

That is more than triple 2014's growth of 1.7 percent.

Investment from overseas has been a key element of China's economic boom in recent years, but as it matures the Asian giant is increasingly becoming a source of funds as much as a destination.

Figures for China's own overseas direct investment will be released at a later date.

Companies that have received foreign investment were responsible for nearly half of China's foreign trade, around 14 percent of urban jobs and 20 percent of tax revenues, said a statement with the figures.

The pickup in FDI was driven by strong expansion in investment into the service sector, which has held up well despite growth momentum in the overall Chinese economy weakening as it matures.

"The quality of FDI continued to improve and its industrial structure was further optimised," an unnamed ministry official in charge of investment said in a statement with the figures, without giving further details.

FDI into the service industry jumped 16.6 percent to $77.2 billion last year, sharply outpacing the 7.6-percent increase in 2014, the ministry's data showed.

But despite the recovery in 2015, it remains significantly below the double-digit rates of the past.

China's economy grew at its slowest pace for 24 years in 2014 and eased further last year, as Beijing struggles to transform the country's growth model to a slower but more sustainable one driven by domestic consumption instead of exports and public investment.

In July-September the country logged its worst economic performance since the global financial crisis, with growth of 6.9 percent.

The government is scheduled to release gross domestic product figures on Tuesday.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
Commodity price falls a $160 billion bonus for China
Beijing (AFP) Jan 13, 2016
Slumping prices saved China more than $160 billion on its imports of commodities such as oil, iron ore, coal and copper last year, official figures showed on Wednesday. Slowing growth in the world's second-largest economy has hammered global raw materials prices, sending shockwaves through resource-rich producer countries from Australia to Zambia. But the falls have proved a boon to Chin ... read more


TRADE WARS
Maintaining Arianespace's launch services leadership in 2016

Arianespace starts year with record order backlog

Russian Space Forces launched 21 spacecraft in 2015

Russian Proton-M Carrier Rocket With Express-AMU1 Satellite Launched

TRADE WARS
Rover Rounds Martian Dune to Get to the Other Side

Boulders on a Martian Landslide

NASA suspends March launch of InSight mission to Mars

University researchers test prototype spacesuits at Kennedy

TRADE WARS
Momentum builds for creation of 'moon villages'

Chang'e-3 landing site named "Guang Han Gong"

South Korea to launch lunar exploration in 2016, land by 2020

Death rumors of Russian lunar program 'greatly exaggerated' - Deputy PM

TRADE WARS
'X' Marks a Curious Corner on Pluto's Icy Plains

Particles 'Go with the Flow' on Pluto's Surface

Looking Back at the 'Year of Pluto'

Pluto through a Stained Glass Window

TRADE WARS
Lab discovery gives glimpse of conditions found on other planets

Nearby star hosts closest alien planet in the 'habitable zone'

ALMA reveals planetary construction sites

Monster planet is 'dancing with the stars'

TRADE WARS
Falcon 9 Succeeds in Historical First-Stage Landing - But?

Russia concludes upgraded Soyuz-2 flight tests

Russia to Deliver 20 RD-180 Engines to US for Atlas 5 Carrier Rockets

SpaceX landing is a 'feat', but not a game-changer

TRADE WARS
China's Belt and Road Initiative catches world's imagination: Inmarsat CEO

China launches HD earth observation satellite

Chinese rover analyzes moon rocks: First new 'ground truth' in 40 years

Agreement with Chinese Space Tech Lab Will Advance Exploration Goals

TRADE WARS
NASA Office to Coordinate Asteroid Detection, Hazard Mitigation

Student-Built Experiment Integrated onto NASA's OSIRIS-REx Mission

Dawn imaging in close Ceres orbit

Last-chance bid to contact space robot Philae









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.