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  • mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato


    » 07/17/2012, 00.00

    CHINA

    Foreign investment in China down by 6.9 per cent



    In June, investment of just 12 billion U.S. dollars. Growth in EU investment. Beijing thinks of easing tax on dividends. Growth in non-financial foreign investment. The choices of Nissan and Fiat.

    Beijing (AsiaNews / Agencies) - The Beijing government has announced that direct foreign investment in China fell by 5.9% in a year. To attract more capital, the second largest economy is studying ways to ease taxes on dividends.

    In total, foreign investment fell to 12 billion U.S. dollars in June, marking the lowest drop since last December. According to figures published today, instead the European Union investment picked up: in the first six months of 2012 it invested 3.52 billion U.S. dollars in China, with an increase of 1, 6% from last year.

    To attract more investment, China plans to reduce rates on dividends for countries that have tax treaties with Beijing, the fees will be 5% instead of 10%.

    The Chinese economy is experiencing its most severe slowdown of the last three years, with growth of 7.6%. Two days ago Prime Minister Wen Jiabao warned that recovery is still ongoing and that "over time things can get worse."

    In return, the Department of Commerce announced today that non-financial foreign investment grew by 48% in the first half of the year. Car companies like Nissan and Fiat are focusing on China to increase their sales. China is the largest car market in the world.

     

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    See also

    05/11/2008 CHINA
    Hu Jintao in the United States for financial summit and to meet Obama
    The Chinese president will head his delegation at the meeting among the 20 most industrialized countries. Obama will also participate. Beijing wants an increasingly greater role in international issues, although it is hesitant to open up its currency reserves of 1.9 trillion dollars.

    25/11/2008 CHINA
    World Bank: Chinese growth will fall to 1990 levels
    The World Bank warns that the situation could become even worse. Beijing, preoccupied over rampant unemployment, is addressing the problem by stimulating domestic consumption. But meanwhile, it is unable to contain the growing social protests.

    18/02/2005 ASIA
    Retail sales boom in Asia
    Whilst sales in Europe are expected to grow by 1-2 per cent, in Asia they should leap by up to 16 per cent: a sign of optimism and widespread wealth?

    26/03/2009 HONG KONG
    Hong Kong government short on answers to financial tsunami
    GDP has gone from +7.3% in the first quarter of 2008 to -2.5% in the latest quarter. The government is considering short term solutions, but has no long term plans capable of reviving the economy. Emerging from the crisis will require the reinforcement of social safeguards, a relaunching of collective bargaining, and massive investment.

    17/02/2012 SINGAPORE
    Europe's debt crisis and Chinese New Year reduce Singapore's exports
    The city-state saw its exports fall for the first time in three months in January as electronics and petrochemical shipments declined. This is 2.1 per cent lower from a year earlier compared to 9 per cent gain in December. Signs of improvement in the United States might lead to better export figures, expert says.



    Editor's choices

    CHINA - VATICAN
    Vatican silence over Shanghai’s Mgr Ma Daqin causing confusion and controversy

    Bernardo Cervellera

    For some, Mgr Ma’s blog post praising the Patriotic Association and acknowledging his mistakes is nothing but “dirt”. For others, he chose humiliation for the “sake of his diocese”. Many wonder why the Holy See has remained silent about the article’s content and the bishop’s persecution. Some suspect the Vatican views the episode in positive terms. Yet, the Ma Daqin affair raises a major question. Has Benedict XVI’s Letter to Chinese Catholics (which describes the Patriotic Association as “incompatible with Catholic doctrine”) been abolished? If it has, who did it? A journey of compromises without truth is full of risks.


    CHINA – VATICAN
    Mgr Ma Daqin: the text of his “confession”

    Mons. Taddeo Ma Daqin

    Four years after quitting the Chinese Patriotic Catholic Association, the bishop of Shanghai “admits” his faults on his blog, praising the organisation that controls the Church. We publish his article, almost in its entirety. Translation by AsiaNews.


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