介绍:
China March FDI 1.47% Lower on Year
Foreign direct investment into the mainland has edged down nearly 1.5-percent in March, making the first drop in FDI in over a year.
The mainland drew in 12.2-billion U.S. dollars in foreign investment last month.
The volume for the first quarter has came in at 31.6-billion U.S. dollars, an increase of 5.5-percent from a year earlier.
Around 55 percent of the FDI has gone into the country's service sector.
Through the first quarter, FDI from major Asian economies has seen steady growth, including a nearly 8-percent rise from ASEAN nations.
However, investment from Japan is down 47-percent.
FDI from the European Union is down 24.5-percent.
US investment is down just under 2-percent.
Shen Danyang is a spokesperson for the Ministry of Commerce.
"We believe that, as long as global demand recovers, China's export and import will keep a higher growth rate than that of the global average. Moreover, the policies to re-structuring our economy meanwhile maintain a stable trade growth will gradually take effect, that'll boost exporters' confidence."
The ministry is also reporting outbound direct investment by non-financial Chinese firms has dropped 16.5 percent during the firt quarter.
China simplifies telecom VAS approval in Shanghai FTZ
Anchor:
The Shanghai Free Trade Zone's approval process has been simplified for certian foreign-funded enterprises in the telecom sector.
The list includes "value added" telecom service providers such as call centres and smartphone app stores.
The Ministry of Industry and Information Technology says the approval process has been shortened to no more than 60 days, down from five months.
For more on the latest move in the FTA, CRI's Shane Bigham spoke earlier with Cao Can, CRI's financial commentator.
Back Anchor:
Cao Can, CRI's financial commentator, speaking with CRI's Shane Bigham.
China announces rural financing package
The central authorities are cutting the reserve requirement ratio for certian rural financial institutions.
The idea is meant to try to provide more financing support for the rural economy.
The decision by the State council will cut the reserve requirement ratio for county-level rural commercial banks and rural credit cooperatives that meet certain standards.
However, the State Council has not specified the standards.
Reserve Requirements are the amount of money commercial bank must hold in reserve.
Lowering reserve requirements gives banks more available money to lend.
However, it also raises the amount of systemic risk in a bank.
Weibo sells fewer shares than expected in IPO
Sina Weibo has raised 286-million US dollars in its initial public offering in New York.
The figure is well short of market expectations.
From its initial IPO price, Weibo had been valued at around 3.4-billion US dollars.
Weibo has sold its shares at the bottom of its intial price range of 17-US dollars.
The company has sold 16.8 million shares, fewer than the 20-million expected.
Weibo's parent company, Sina, has been moving to make the service profitable with a cautious rollout of advertising on the platform.
Weibo generated a profit of 22-million US dollars in the fourth quarter, but lost money overall last year.
Sina still owns more than half of the Weibo shares and nearly 80-percent of its voting rights.
The Chinese version of Twitter, launched in 2009, has 144-million monthly active users.
Tencent to launch Chinese version of Candy Crush game
Tencent is set to launch 'Candy Crush' on the mainland in partnership with the game's creator, King Digital Entertainment.
The Chinese version 'Candy Crush' is expected to be available by the middle of this year on both QQ and Wechat.
Candy Crush was the world's most downloaded free mobile app last year.
The partnership with Tencent is expected to further extend King's presence in Asia.
The company launched 'Candy Crush' in Japan and South Korea last year.
King Digital Entertainment is said to have a market-cap of some 7-billion US dollars.
The company is due to report its first quarter results next month.
IBM's quarterly revenue sinks to 5-year low as hardware sales fall
IBM is reporting its lowest quarterly revenues in some five years.
IBM has posted revenues of 21.7-billion US dollars over the first quarter.
Hardware revenues, which include servers and systems storage, have plunged 23-percent to 2.4-billion US dollars.
All segments of IBM's systems and technology business are reporting double-digit declines.
The company is warning its hardware business may continue to face hurdles.
However, IBM says its cloud computing revenues are up more than 50-percent through the first quarter.
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