China’s investment in B&R countries in Jan-Apr up 17.3pct o-y -- In the first four months of the year, Chinese enterprises' non-financial direct investment in 53 countries along the Belt and Road totaled 4.67 billion U.S. dollars, an increase of 17.3 percent year on year, accounting for 13.1 percent of the countries' outbound investment in the period, according to the Ministry of Commerce. The investments went mainly to countries including Singapore, Laos, Malaysia, Vietnam, Indonesia, Pakistan, Thailand and Myanmar.
China’s privately offered funds exceed RMB12 trln by end March -- The scale of China’s privately offered funds had exceeded 12 trillion yuan by the end of March, according to statistics released by Asset Management Association of China (AMAC) on May 22. As of the end of March, registered privately offered fund managers had amounted to 23,400, and 210 of the funds had seen their scale reach 10 billion yuan.
China sees steady employment growth in 2017 -- China continued to see a stable growth in employment in 2017, official data showed on May 21. The number of employees rose 370,000 to 776.4 million last year, according to a bulletin released by the Ministry of Human Resources and Social Security. Nearly 45 percent of all employees were in tertiary industries, while 28.1 percent and 27 percent were in secondary and primary.
SW China's Kunming sees foreign trade with B&R countries in Jan-Apr up 363pct -- Kunming, capital city of southwest China's Yunnan Province, saw its total imports and exports with the countries along the Belt and Road routes in the first four months of the year stand at 2.537 billion U.S. dollars, up 362.7 percent year on year, according to the local authorities. Statistics show that from January to April of this year, Kunming realized import and export volume of 3.99 billion U.S. dollars, an increase of 169 percent year on year.
China's non-financial ODI continues strong growth -- China's non-financial outbound direct investment (ODI) continued to see strong growth in the first four months of 2018, official data showed on May 17. Domestic investors made 35.58 billion U.S. dollars of non-financial ODI in 2,459 overseas enterprises in 144 countries and regions in January-April, the Ministry of Commerce said. The investment was up 34.9 percent from the same period last year, the ministry said.
FDI into Chinese mainland dips in April -- Foreign direct investment (FDI) into the Chinese mainland dipped 1.1 percent year on year to 59.24 billion yuan (about 9.3 billion U.S. dollars) in April this year, data from the Ministry of Commerce (MOC) showed on May 17. This was compared with an annual increase of 0.4 percent registered in March. In the first four months, total FDI inflow edged up 0.1 percent to 286.78 billion yuan, MOC spokesperson Gao Feng said at a regular news conference.
China's service trade registers double digit growth in Q1 -- China's service trade surged 11.4 percent year on year in the first three months this year, faster than the same period last year, according to a foreign trade report released by the Ministry of Commerce (MOC). In the first three months, the total value of exports and imports in the sector stood at 1.25 trillion yuan (about 197 billion U.S. dollars), according to the report issued last week. Exports of trade in services rose 12.6 percent to 413.52 billion yuan, while imports climbed 10.8 percent to 839.52 billion yuan, resulting in a deficit of 426 billion yuan.
China banks’ Apr. WMP insurance down 20.42pct on mon., report -- Banks in China issued a total of 10,849 wealth management products (WMPs) in April, down 20.42 percent or 2,783, compared with a month earlier, according to data from the Rong360.com, a mobile financing platform. In a breakdown of April’s figure, 10,676 types of WMPs were dominated in Chinese currency, a decrease of 2,679 month on month, and the remaining 173 were in foreign currencies, down 59 on month.
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