Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 14.5% year on year to 127.69 billion yuan in January, according to the Ministry of Commerce. In U.S. dollar terms, the FDI inflow went up 10% year on year to 19.02 billion U.S. dollars. High-tech industries saw a rapid FDI increase of 62.8% in January. Specifically, foreign investment …
CNBF Daily Brief 18.2.2023
China’s mobile phone shipments drop 22.6% year on year to 272 million in 2022, according to the China Academy of Information and Communications Technology (CAICT). The shipment volume of 5G mobile phones reached 214 million last year, accounting for 78.8% of the country’s total mobile phone shipments. Last year, 351 new smartphone models were released in the country, down 13.1% …
CNBF Daily Brief 17.2.2023
The Beijing Stock Exchange (BSE) will officially launch a market-making trading business on its stock market on February 20, 2023. The move was taken to further promote market reform and innovation, improve the market trading system, and enhance market vitality and resilience. As of Friday, February 17, a total of 15 market makers have been approved by the China Securities …
CNBF Daily Brief 16.2.2023
China’s banks saw a net forex settlement surplus of 2.5 billion U.S. dollars in January, according to the data from the State Administration of Foreign Exchange (SAFE). Forex purchases by banks totaled 175.3 billion dollars and sales hit 172.8 billion dollars. In January, foreign trade in goods registered a surplus of 38.7 billion U.S. dollars, up 9% over the previous …
CNBF Daily Brief 15.2.2023
The activities of China’s small and medium-sized enterprises (SMEs) picked up in January, as the country’s economy continued to recover steadily, according to the China Association of Small and Medium Enterprises. The Small and Medium Enterprises Development Index, calculated based on a survey of 3,000 SMEs in China, came in at 88.9 last month, reversing a downward trend. The figure …