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China: ODI down 60 percent

Fri, 10/16/2009 - 14:38 by shalini.bahadur

Beijing, Oct. 16: China's outbound overseas direct investments totaled $13.3 billion in this year's first half, down 60 percent from a year earlier, the government said.

A report from the State Administration of Foreign Exchange said outbound investments by both the financial and non-financial sectors declined, Xinhua news agency said.

Non-financial ODIs were in Asia, Europe, the United States, Africa and Oceania while financial ODIs went to Hong Kong, Britain and the United States.

Foreign direct investments in China totaled $48 billion in the first six months of this year, down 40 percent from the same period of last year, the report said.

Copyright 2009 by United Press International.

China's trade decline rate slows

Wed, 10/14/2009 - 11:30 by shalini.bahadur

Beijing, Oct. 14: China's September trade volume totaled $219 billion, down 10.1 percent from the same month of last year, the government said Wednesday.

The General Administration of Customs, however, said September's rate of decline slowed considerably from a 14.2 percent decline for August, the state-run Xinhua news agency reported.

September exports totaled about $116 billion, down 15.2 percent from the same month last year, while September imports totaled $103 billion, down 3.5 percent from last year, leaving a trade surplus of about $13 billion for the month.