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Go-ahead for yuan investment
CHINA yesterday established the framework for yuan-denominated foreign direct investment, a step toward the government’s goal of expanding the currency’s international credentials. The People’s Bank of China announced that foreign…
China issues regulations on FDI with RMB settlement
The People’s Bank of China (PBOC), the central bank, announced Friday it has just issued regulations about foreign direct investment (FDI) settled in the Chinese currency Renminbi (RMB). Foreign institutional…
Private funds grow
PRIVATE investment has been playing a greater role in Shanghai’s economic growth as the city moved ahead to support smaller firms and develop its private-equity market, the local industry watchdog…
Chengdu tops China in attracting service outsourcing investment
China released the Evaluation Report on Investment Attracting Capacities of Chinese Service Outsourcing Cities in 2011. Chengdu ranked first with 88.36 points, according to Chengdu municipal bureau of commerce on…
Experts optimistic about investing in China
China’s strong domestic consumption will curb fears of multinationals relocating production to countries with cheaper labor costs, experts said. Rising production costs in China are rapidly eroding manufacturers’ profit margins,…
City loses allure for Germans
MOST German companies in China plan to increase their investment in the country through 2015, but Shanghai is slipping down the rankings as the most preferred city for German investment,…
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