介绍:
I. Chinese stock market at fresh 7-year high
The stock market frenzy on the Chinese mainland.
The Shanghai Composite Index had its biggest one-day percentage gain since late January yesterday, rising 2.7% to a fresh 7-year high of nearly 4200 points.
II. FDI into China accelerates in March
The latest stats released by the Ministry of Commerce show foreign direct investment in the Chinese mainland rose 11 percent year on year in the first quarter of this year.
Service industry FDI in the first quarter climbed about 24 percent year on year.
But manufacturing FDI was down 3.6 percent during the period.
Shen Danyang, spokesperson for the Ministry of Commerce, says the numbers indicate foreign investment is not leaving China.
"Data in the first quarter shows the number of newly registered foreign-funded companies increased 22 percent while actual foreign investment distribution was up 11 percent. Compared with last year's data, the number of foreign firms which have ended their investments was down more than 17 percent and those which have reduced their investments decreased nearly 36 percent. This means foreign investment is not leaving the country since foreign investment inflow outnumbers outflow."
Meanwhile, outbound direct investment by non-financial firms surged almost 30 percent to around 25 billion U.S. dollars in the first quarter.
China has become a net capital exporter for the first time, with ODI outnumbering capital inflows last year.
III. Apple solar power investment
Apple has announced plans to create a solar power project in a remote area of Sichuan.
Apple has plans to create a 40-megawatt solar power project in an ethnic Tibetan and Qiang-inhabited region to give locals the access to clean energy.
The project is expected to power 61-thousand homes a year.
Apple is working with US-based SunPower, along with 4 other Chinese companies.
The solar farm in Sichuan will be the first Apple has built outside the United States.
