China's business confidence improves in Q2 -- Business confidence among Chinese entrepreneurs continued to improve in the second quarter of the year, a central bank survey showed on June 15. The entrepreneur confidence index climbed for the ninth straight quarter, rising to 75.8 in the second quarter from 74.2 in the first quarter, according to the People's Bank of China (PBOC). Another PBOC survey showed bankers' confidence in the economy dipping slightly after rising for nine quarters, edging down from 81.9 in the first quarter to 81.2 in the second quarter.
FDI into Chinese mainland up 7.6pct in May -- Foreign direct investment (FDI) into the Chinese mainland rose 7.6 percent year-on-year to 58.81 billion yuan (about 9.06 billion U.S. dollars) in May, official data showed on June 14. The growth reversed a 1.1-percent decline registered in April, according to the Ministry of Commerce. The number of new overseas-funded companies set up in May surged 106.5 percent last month to 5,024.
China's Xiamen sees trade with B&R countries in Jan-May up 13.3pct y-o-y -- East China's Xiamen city saw its foreign trade with the countries along the Belt and Road routes total 73.76 billion yuan in the first five months of the year, up 13.3 percent year on year, accounting for 31 percent of the city's total foreign trade during the period, according to the local customs.
China's Hebei sees trade with B&R countries in Jan-May up 6pct y-o-y -- China’s Hebei province saw its foreign trade with the countries along the Belt and Road routes total 40.31 billion yuan in the first five months of the year, up 6 percent year on year, accounting for 28.8 percent of the city's total foreign trade during the period, according to the local customs.
China’s rail freight volume up 11.8 pct in May, hitting new high this year -- China’s rail freight volume increased by 11.8 percent year on year to about 338.84 million tonnes in May, recording a new high since this year, the Xinhua-run Shanghai Securities News reported on June 20. In May, the railway freight turnover reached 240.9 billion tonne-km, up 10.9 percent year on year. China completed about 199.343 billion yuan of railway fixed-asset investment in the first five months of this year.
Manufacturing records stable growth in investment -- Investment in manufacturing sector witnessed stable growth in the first five months, which will play a role keeping the economy afloat, according to data of the nation's top economic regulator on June 21. From January to May period, investment in manufacturing sector increased by 5.2 percent year-on-year, up by 0.4 percent compared to the first four months, according to data from the National Development and Reform Commission. (Source: China Daily)
China's farm produce prices retreat slightly -- China's farm produce prices fell slightly in the week ending June 17 due to sharp drops in vegetable prices, according to the Ministry of Commerce on June 21. The price index for farm produce edged down 0.6 percent in the past week, compared with a 0.2 percent fall the previous week. The index for production materials edged down 0.1 percent. The average wholesale price of 30 kinds of vegetables fell 2.8 percent from a week earlier.
China contributes over 80pct of FDI pledges to Nepal -- China contributed to around 87 percent of foreign direct investment (FDI) commitments received by Nepal during the first 10 months of the current fiscal year that began in mid-July 2017, Nepal's Department of Industry (DoI) said. According to DoI Statistics, Nepal received FDI pledge of 43.22 billion Nepali rupees (396 million U.S. dollars) from China against total FDI commitments of 49.87 billion Nepali rupees (457 million U.S. dollars) received by the Himalayan country by mid-May from the beginning of current fiscal year. (Source: China Daily)
China's fiscal revenue up 9.7pct in May -- China's fiscal revenue rose 9.7 percent year-on-year to 1.76 trillion yuan (about 275 billion U.S. dollars) in May, official data showed on June 14. The growth retreated from the 11-percent gain in April, according to the Ministry of Finance website.
The central government collected 865 billion yuan in fiscal revenue, up 8.8 percent year on year, while local governments saw fiscal revenue expand 10.6 percent to 898.1 billion yuan.
Non-financial ODI stays robust -- Non-financial outbound direct investment continued to see strong growth in the first five months of 2018, according to data from the Ministry of Commerce. Domestic investors made 47.89 billion U.S. dollars of non-financial ODI in 2,987 overseas companies in 149 countries and regions between January and May, up 38.5 percent year-on-year. (Source: China Daily)
A single purchase
