Tag Archives: MOC

China expected to attract 126 bln USD foreign investment in 2015: MOC

BEIJING, Jan. 5 (Xinhua) — China is expected to attract 126 billion U.S. dollars worth of foreign investment in 2015, hitting an all-time high, according to the Ministry of Commerce (MOC) on Tuesday.

In the first eleven months of 2015, the total number of new-established foreign-funded enterprises amounted to 23,648, up 11 percent year on year.

During the period, actually used foreign capital in China grew 7.9 percent on year to 704.33 billion yuan.  Enditem

 

Chinese companies ink more contracts along Belt and Road

BEIJING, July 21 (Xinhua) — Chinese companies signed 1,401 project contracts in countries along the Belt and Road in the first half of this year1, nearly half of combined overseas contract value, official data revealed.

The contracts were worth 37.6 billion U.S. dollars, up 16.7 percent year on year, and accounting for 43.3 percent of contracts in the period, Shen Danyang, the Ministry of Commerce (MOC) spokesman, said at a Tuesday press conference.

The Belt and Road refer to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, proposed by China in 2013 with the goal of boosting trade between Asia and Europe. The network passes through more than 60 countries and regions, with a total population of 4.4 billion.

Chinese companies signed overseas project contracts worth 86.7 billion dollars in the first six months, representing an increase of 6.9 percent year on year, he said. Enditem

 

Chinese investment in Europe surging

BEIJING, July 7 (Greenpost) — China’s non-financial investment in the European Union hit 4.21 billion U.S. dollars in the first five months of the year, up more than 367 percent year on year, the Ministry of Commerce (MOC) said on Tuesday.

The figures suggest China’s investment in Europe has entered a period of rapid growth, said MOC spokesman Shen Danyang at a press conference in Beijing.

He said that the rise is due to Chinese companies’ increasing investment projects in Europe, such as the stake acquisition of Italian tire maker Pirelli by China’s state-owned National Chemical Corp.

“At the same time, Chinese investment in Europe is also broadening to areas including machinery, autos, real estate, shipping, telecommunications, energy, and finance,” Shen said.

China-EU financial cooperation also appears promising, he said, as EU nations including Britain, France, Germany and Italy have all joined the China-led Asian Infrastructure Investment Bank, while the EU welcomes China’s participation in its strategic investment plan.

During his visit to Europe last week, Chinese Premier Li Keqiang proposed China and EU make full use of a currency-swap scheme worth more than 700 billion yuan to facilitate bilateral economic and trade cooperation. He also said China will improve the RMB Qualified Foreign Institutional Investor program, a channel for overseas investment in the Chinese stock market.

Shen added that China’s Belt and Road initiative and its Internet Plus strategy, a national digital drive, have much in common with the industrial upgrading and smart city building plans of many EU countries, indicating more room for industrial cooperation between the two sides. Enditem

Source Xinhua

Editor  Xuefei Chen Axelsson

China expects bumper summer crops

China expects bumper summer crops

BEIJING, June 1 (Greenpost) — Favorable weather conditions and an increase in cultivated land will see large grain harvests this summer, the Ministry of Agriculture (MOC) said Monday.

Sweeping rainfall across most parts of China in April, an important period in the wheat growth cycle, and summer-crop farmland increasing by 1 million mu (66,667 hectares) to 415 million mu had been good for crops, the MOC said.

The ministry is upbeat of the outlook for harvests this summer as long as favorable weather conditions continue and there are no natural disasters in the coming weeks.

Harvests of wheat and early-season rice begin around the end of May and continue until the beginning of July.

China’s summer-crops yield grew 3.6 percent from a year ago to 136.6 million tonnes in 2014, nearly a quarter of which came from central China’s Henan Province. Enditem

Source  Xinhua

Editor   Xuefei Chen Axelsson

China, Central and Eastern Europe make breakthroughs in infrastructure cooperation

China, Central and Eastern Europe make breakthroughs in infrastructure cooperation

 

Stockholm, June 3 (Greenpost) — Chinese enterprises and their partners in Central and Eastern European (CEE) countries have made new breakthroughs in infrastructure cooperation in recent years. The Chinese enterprises have actively followed up and participated in the projects of bridge, power station, highway and flood control in those countries, said Xu Xiaofeng, deputy head of Department of European Affairs under Ministry of Commerce (MOC) on Wednesday.

Chinese enterprises have participated in construction of projects such as Belgrade’s Danube-spanning bridge and the Kostolac power plant in Serbia, Serbia’s E763 highway, highway projects in Macedonia, thermal power plants in Bosnia and Herzegovina, etc.

China is the largest trade partner of the 16 CEE countries in Asia, while Poland, Czech Republic and Hungary are the top three trade partners in the CEE for China.

In recent years, the bilateral trade between China and CEE countries has grown steadily.

According to Chinese customs statistics, the bilateral trade increased to 60.2 billion US dollars in 2014 from 52.1 billion US dollars in 2012, representing a rise of 15.6 percent.

In the first four months of 2015, their bilateral trade value amounted to 17.6 billion US dollars, down 6.4 percent year on year. Enditem

Source  Xinhua

Editor  Xuefei Chen Axelsson