30 September 2016
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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

    ASIANEWS SYMPOSIUM
    Mother Teresa, Mercy for Asia and for the world (VIDEO)



    We publish the video recordings of the presentations made at the international symposium organised by AsiaNews on 2 September. In order of appearance: Fr Ferruccio Brambillasca, PIME Superior General; Card Fernando Filoni, Prefect of the Congregation of Propaganda Fide; Sr Mary Prema, Superior General of the Missionaries of Charity; Father Brian Kolodiejchuk, postulator of the Cause of Mother Teresa; Card Oswald Gracias, archbishop of Mumbai; Fr John A. Worthley, on the influence of Mother Teresa in China; a witness to the influence of Mother Teresa in the Islamic world; and Mgr Paul Hinder, Apostolic Vicar of Southern Arabia.


    CHINA-VATICAN
    Beijing issues new, harsh draft regulations on religious activities

    Bernardo Cervellera

    Fines of up to 200 thousand yuan (27 thousand euro) for "illegal religious activities" by Catholic or other members of underground communities. "Illegal activities" include "dependence from abroad" (such as the relationship with the Vatican). The regulations preach non-discrimination, but party members are forbidden to practice their religion, even in private. Strict control of buildings, statues, crosses. Clampdown on the internet. It could be the end of the underground community.
     


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