BEIJING, Feb. 15 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 11.6 percent year on year to 102.28 billion yuan in January, the Ministry of Commerce said Tuesday. In U.S. dollar terms, the inflow went up 17.6 percent year on year to 15.84 billion dollars. Foreign investment in the service industry amounted to 82.3 billion yuan last month, up 12.2 percent year on year, while inflow to high-tech industries surged 26.1 percent, the data showed. Investments from countries along the Belt and Road and ASEAN countries increased 28.4 perc...
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BEIJING, Feb. 15 (Xinhua) -- Cross-border e-commerce is gaining momentum in China against the backdrop of the COVID-19 pandemic that severely impacted international trade, and the recent approval of more cross-border e-commerce comprehensive pilot zones has, undoubtedly, accelerated this trend.Last week, China's State Council issued a statement, approving the establishment of more cross-border e-commerce pilot zones in 27 cities and regions, including Erdos in Inner Mongolia and Yangzhou City in Jiangsu Province.This now brings the overall tally of pilot zones to 132, covering almost all p...
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A customer shops for fruit at a Target store in New York, the United States, Jan. 12, 2022. (Xinhua/Wang Ying)As many as 82 percent of U.S. investors in a survey said they wanted the Joe Biden administration to focus on the control of inflation, followed by 81 percent in favor of the control of COVID-19.NEW YORK, Feb. 14 (Xinhua) -- Persistent inflation at the highest level since the early 1980s is dampening U.S. investors' sentiment and their confidence in the macro economy.As many as 62 percent of U.S. investors said inflation would last longer than 12 months, higher than 58 percent...
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CHANGCHUN, Feb. 14 (Xinhua) -- China FAW Group Co., Ltd., a leading automobile maker in the country, produced 290,371 complete vehicles and sold 311,508 vehicles in January, the company said Monday.Its leading sedan brand Hongqi produced 37,758 cars, up 60.9 percent year on year, and saw sales up 29.6 percent year on year to 42,158 during the period.The sales of FAW Jiefang, FAW's truck subsidiary, came in at over 28,000, and over 26,000 trucks were produced in January.Last year, FAW Group sold a total of 3.5 million vehicles. The company's operating revenue is expected to reach 770 bi...
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There's no such thing as a free lunch, even for the economic superpower. Washington cannot expect to have a sovereign currency, the most frequently used across the world, but not face the repercussion of its overspending.WASHINGTON, Feb. 13 (Xinhua) -- As official data showed the U.S. total trade deficit has soared to a record high in 2021, American politicians and media outlets quickly seized upon this new excuse to blame China yet again for the increase in red ink.By habitually hyping up the topic of its trade deficit with China, the United States disclosed its unwillingness to scrutiniz...
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