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Foreign direct investment in China up 41.6 percent: govt

by Staff Writers
 Beijing (AFP) Sept 10, 2008
 Foreign direct investment into China rose 41.6 percent in the first eight months of the year compared with the same period last year, the government said Wednesday.

Foreign companies invested 67.7 billion dollars in China in the period from January to August, the commerce ministry said in a brief statement posted on its website.

Foreign direct investment in August alone totalled 7.0 billion dollars, up 20.4 percent from a year earlier.

Foreign direct investment is one of the factors behind rapid growth in China's foreign exchange reserves, which topped 1.8 trillion dollars at the end of June.

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TRADE WARS
Top Chinese economic official to hold talks in US
 Beijing (AFP) Sept 9, 2008
 China's Vice Premier Wang Qishan will visit the United States next week and will discuss bilateral trade issues with top US officials, the foreign ministry announced Tuesday.






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