26 November, 2014 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile





mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 10/15/2009
CHINA
Foreign investments in China rise 18.9 per cent in September
Investments reach US$ 7.9 billion as global economic growth shows clear signs of recovery. Europe’s largest bank moves from London to Hong Kong.

Beijing (AsiaNews/Agencies) – Foreign investment in China rose 18.9 per cent last month to US$ 7.9 billion, Ministry of Commerce reported. In the first nine months of the year, investments totalled “only” US$ 63.8 billion, a decline of 14 per cent from a year earlier.

The number of newly approved foreign invested companies in September increased by nearly 11 per cent increase, a sign according to the Ministry that the mainland's economic recovery is attracting investment, but the figure does not include stocks and other financial assets.

For years, China has been a top destination for foreign investment but double-digit growth rates plunged in late 2007 as foreign companies felt the global downturn and cut spending. Still many continue to invest in the mainland to take advantage of its stronger economic growth compared with other countries.

Expectations that the yuan will rise are also drawing capital to Asia. “Foreign investment may remain at a relatively high level in the coming months as China’s recovery continues to lure investors,” said Lu Zhengwei, an economist at Industrial Bank Co. in Shanghai. “Anticipation that the yuan will rise may draw more funds.”

Yesterday the yuan reached its highest point in more than 13 months after a government report showed that exports fell at a slower pace in September. Traders are betting that the central bank may let the currency rise at least 2.7 per cent the next year.

China’s General Administration of Customs reported that last month exports fell 15.2 per cent from a year earlier, less that they did in August (- 23.4 per cent).

China’s imports also fell 3.5 per cent (-17 per cent in August) from a year earlier, according to the customs bureau data.

China's trade surplus stood at US$ 135.48 billion for the first nine months of 2009, falling by 26 per cent compared with the same period a year ago.

Last month, the volume of Chinese trade saw better results losing 10.1 per cent over a year ago, compared to 20.6 in August, the customs bureau reported.

Data from the last two days reflect “a continued rebound in global demand,” an analyst with Bloomberg said. Export data show that demand is rising outside China and that the recovery is picking up steam in developed countries.

Given these changes, HSBC Holdings Plc (Europe’s largest bank) has decided to move Chief Executive Officer Michael Geoghegan to Hong Kong from London.

Recently, the HSBC said that China is a “huge” focus and that it will seek to gain more mergers and acquisitions advisory business originating in Hong Kong and China.


e-mail this to a friend printable version

See also
01/17/2008 HONG KONG - CHINA
Hong Kong has the "freest" economy in the world
08/17/2009 CHINA
Heavy losses for the Chinese stock exchanges, including decline in foreign investment
12/18/2007 CHINA
The value of property and financial stocks dropping
10/27/2008 CHINA – HONG KONG
After finding melamine in Chinese eggs, now it is the turn of meat
02/26/2008 CHINA – HONG KONG – UK
For Miliband democracy means rulers are chosen by the people

Editor's choices
IRAQ - ITALY
Letter from Archbishop of Mosul: Thank you for your aid, supporting the plight of refugees
by Amel NonaThe donations made through the "Adopt a Christian from Mosul" campaign are used to buy food, warm clothes, blankets for refugees and rent houses or caravans given the early onset of winter and. Two women have defended their Christian faith before the Islamist militants who wanted to convert them, despite the threat of death. A refugee among refugees, Msgr. Nona discovers a new way of being a pastor.
IRAQ - ITALY
Almost 700,000 euros raised as the 'Adopt a Christian from Mosul' campaign continues
by Bernardo CervelleraA second instalment is sent with funds raised in September. The fate of East-West relations is being played out in the Middle East and Iraq. Pope Francis and the Synod issue an appeal. Governments are lukewarm. Aid is coming from around the world. A new international community is defeating the "globalisation of indifference."
IRAQ-VATICAN
"Adopt a Christian from Mosul": Archbishops’ thanks as first aid arrives
by Amel NonaMsgr. Amel Nona, the Chaldean Archbishop of Mosul, who is also a refugee himself, thanks all the donors to the AsiaNews campaign. The situation is increasingly difficult given the huge number of refugees and the arrival of winter and snow, making outdoor shelters and tents impossible. The crisis, an occasion that activates the faith of Christians.

Dossier

by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.