Foreign direct investment in central China up 5.2 percent in Jan-May

Friday, 21 June 2019 11:34:53 (GMT+3)   |   Shanghai
       

In the central region of China, foreign direct investment (FDI) in the January-May period of this year totaled RMB 25.44 billion ($3.7 billion), up 5.2 percent year on year, while FDI in western China in the given period amounted to RMB 28.5 billion ($4.2 billion), up 25.2 percent year on year, as announced by China's Ministry of Commerce (MOC).

In particular, in the period in question, Shaanxi Province has set up 59 new wholly foreign-owned enterprises (WFOEs), up 15.69 percent year on year, while Henan Province set up 64 WFOEs, rising by 16.0 percent year on year.


Similar articles

Global View on Billet: Uptrend fails to materialize after holiday, trading limited by lower bids

10 May | Longs and Billet

Formosa hikes HRC prices by $15/mt in Vietnam, despite slow demand and pressure from Chinese suppliers

10 May | Flats and Slab

Non-VAT steel export offers from China start to revive gradually

10 May | Flats and Slab

Offers in SE Asia’s import rebar market rise despite lack of positive mood in China

10 May | Longs and Billet

Buyers not ready for higher slab offers attempted by Asian mills, push for discounts

09 May | Flats and Slab

ASEAN wire rod mills target increases, but Chinese market not rising as much as expected

09 May | Longs and Billet

Ex-ASEAN mills hold prices as gains in China not sufficient to provide solid support

07 May | Longs and Billet

Shanxi Coking Coal’s net profit decreases by 61.53 percent in Q1

06 May | Steel News

Vietnam’s Hoa Phat raises local HRC prices amid import price hikes

02 May | Flats and Slab

ASEAN billet exporters have to cut offers from previous “unreasonable” level, deal prices stable

30 Apr | Longs and Billet