BUSINESS Biz China Weekly: FDI, forex sales, fiscal revenue, negative list

BUSINESS

Biz China Weekly: FDI, forex sales, fiscal revenue, negative list

Xinhua

17:07, November 23, 2019

BEIJING, Nov. 23 (Xinhua) - The following are the highlights of China's business news from the past week:

FDI

Foreign direct investment (FDI) into the Chinese mainland expanded 6.6 percent year on year to 752.41 billion yuan (about 107 billion US dollars) in the first 10 months of the year, data from the Ministry of Commerce showed.

FOREX SALES

VCG11440315409.jpg

(File photo: VCG)

Chinese commercial banks continued to see net foreign exchange sales last month but with a narrower deficit, data from the country's forex regulator showed.

Chinese lenders bought 138 billion US dollars worth of foreign currencies and sold 142.4 billion dollars worth in October, the State Administration of Foreign Exchange said in a statement.

FISCAL REVENUE

China's fiscal revenue increased 3.8 percent year on year to around 16.77 trillion yuan in the first 10 months of 2019, data showed.

The central government collected about 8.07 trillion yuan in revenue during the period, up 4.4 percent year on year, while local governments saw revenue up 3.3 percent to about 8.7 trillion yuan, according to data given by the Ministry of Finance.

NEGATIVE LIST

China has cut the number of sectors and businesses that are off-limits for both domestic and foreign investors in its 2019 negative list for market access, the country's central authorities said. 

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue