Biz China Weekly: FDI, foreign exchange gross sales, fiscal income, adverse listing – Xinhua

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Biz China Weekly: FDI, foreign exchange gross sales, fiscal income, adverse listing – Xinhua

BEIJING, Nov. 23 (Xinhua) -- The next are the highlights of China's enterprise information from the previous week: FDI Overseas direct funding (F


BEIJING, Nov. 23 (Xinhua) — The next are the highlights of China’s enterprise information from the previous week:

FDI

Overseas direct funding (FDI) into the Chinese language mainland expanded 6.6 p.c 12 months on 12 months to 752.41 billion yuan (about 107 billion U.S. {dollars}) within the first 10 months of the 12 months, knowledge from the Ministry of Commerce confirmed.

FOREX SALES

Chinese language industrial banks continued to see web overseas alternate gross sales final month however with a narrower deficit, knowledge from the nation’s foreign exchange regulator confirmed.

Chinese language lenders purchased 138 billion U.S. {dollars} price of foreign currency and bought 142.Four billion {dollars} price in October, the State Administration of Overseas Change stated in a press release.

FISCAL REVENUE

China’s fiscal income elevated 3.Eight p.c 12 months on 12 months to round 16.77 trillion yuan within the first 10 months of 2019, knowledge confirmed.

The central authorities collected about 8.07 trillion yuan in income throughout the interval, up 4.Four p.c 12 months on 12 months, whereas native governments noticed income up 3.Three p.c to about 8.7 trillion yuan, in accordance with knowledge given by the Ministry of Finance.

NEGATIVE LIST

China has reduce the variety of sectors and companies which can be off-limits for each home and overseas traders in its 2019 adverse listing for market entry, the nation’s central authorities stated. Enditem



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