介绍:
China is still attractive to foreign investment in the world: MOC
China's Ministry of Commerce says the country is still one of the most attractive investment destinations in the world.
The ministry's spokesperson Shen Danyang says during the first three quarters of 2015, foreign investment into China was on the rise.
"According to the latest data, from January to September of this year, 19,000 new foreign invested companies were set up in the country, an increase of 10.1%."
The value of investment flowing into the Chinese market from these new companies represents an increase of 50 percent year on year.
China's foreign direct investment remained stable and with better quality as more funds were flowing into the service sector.
The sector saw a gain of 19 percent compared to the previous year.
China's outbound direct investment also recorded progress, rising 16.5 percent year on year.
For more on this we're joined by Gao Shang, analyst with Guantong Futures.
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Back anchor:
Gao Shang, analyst with Guantong Futures.
China Overtakes US As Global Leader In Built Asset Wealth
China has overtaken the US as the world's wealthiest country measured by the value of its built environment.
The ranking is according to the latest Global Built Asset Wealth Index published by Arcadis, the leading Design & Consultancy firm for natural and built assets.
With wealth of 36.8 trillion U.S. dollars, the US now trails China at 47.6 trillion U.S. dollars.
The index calculates the value of all the buildings and infrastructure contributing to economic productivity in 32 countries, which collectively make up 87% of global GDP.
The US built asset stock is largely unchanged in the past two years.
Since 2000, China has invested 33 trillion U.S. dollars in its built assets, a total exceeding all other economies combined.
China basically ready to unveil detailed rules on real estate registration
Media reports say China now is basically ready to roll out detailed rules on a united registration system for real estate.
According to an inter-ministry meeting, procedures for the drafting of the rules are almost complete.
Xinhua news agency says further revision and optimization of the new rules will be made before formal release.
China raises benchmark product oil prices effective Wed.
China's National Development and Reform Commission has announced a hike to benchmark product oil prices by 50 yuan per tonne effective Wednesday.
Retail prices of gasoline and diesel will increase by 0.04 yuan per liter.
The increase of benchmark product oil prices is basically in line with market expectations.
China's top farming produce sees export decline
Shandong Province in eastern China, the country's main agricultural region, saw an unusual decline in exports of farm produce in the first three quarters of 2015.
Exports dropped 4.3 percent compared to the same period of 2014, falling to 11 billion U.S. dollars.
The fall was attributed to weak demand in its traditional export markets of Japan, the South Korea, and Europe.
However, exports to the United States, the ASEAN countries, and Latin America grew.
Official in Shandong Province predict the situation will improve in the last quarter of the year and that Shandong will maintain its position as the top exporter of farm produce.
It has been China's biggest exporter of agricultural goods for 16 consecutive years, typically accounting for a quarter of the country's total.
China lowers 2015 electricity use estimate
The China Electricity Council has trimmed its estimate of how much electricity the country will consume in 2015, based on the decelerating economy.
The CEC anticipates an annual increase of 1 percent in electricity use this year, compared with its previous forecast of 2 percent in June.
Ouyang Changyu, deputy secretary-general of the council, attributed the downgrading to weaker-than-expected economic growth and cool weather in the third quarter of the year.
China's power use grew nearly 12 percent in 2011, narrowing to 3.8 percent in 2014.
Chinese construction company breaks ground on Panama's City of Hope
Panama's largest residential development project, known as the City of Hope, broke ground on Monday.
The 137 million-U.S. dollar project will built by China Construction America - MCM Consortium.
The project will benefit more than ten thousand people in the city of Vista Alegre.
Several five-story buildings featuring two- and three-bedroom apartments, ranging from 48 to 57 square meters, will be built.
China's Tsingtao says to buy Suntory's JV stake for $130 mln
China's best-known beer brand Tsingtao Brewery is to buy the remaining equity in the joint venture it had with Japan's Suntory Holdings.
The move aims to boost efficiency.
Tsingtao says it will buy the 50 percent equity interest for more than 820 million yuan, or 130 million U.S. dollars.
The joint venture's sales have stalled amid stiff competition in the Chinese market.
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