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News from China
FDI rises 6.4 pct despite slowing economy
15th January 2016
Foreign direct investment (FDI) into the Chinese mainland maintained steady growth in 2015 despite the economic slowdown in the world's second-largest economy.

FDI, which excludes investment in the financial sector, rose 6.4 percent year on year to 126.27 billion U.S. dollars in 2015, the Ministry of Commerce (MOC) said on Thursday.

Investment in the country's burgeoning service industry continued robust growth, accounting for 61.1 percent of total flows during the period.

FDI in the manufacturing sector came in at 39.54 billion U.S. dollars, accounting for 31.4 percent of the total. Flow to high-tech manufacturing gained 9.5 percent to 9.41 billion U.S. dollars.

The MOC attributed the growth to the government cutting red tape around investment approvals and accelerating construction of free trade zones.

Foreign mergers and acquisitions in China increased sharply, with their share of total FDI surging from 6.3 percent in 2014 to 14.1 percent in 2015.

The Chinese economy expanded 6.9 percent in the first three quarters of 2015, the lowest reading since the second quarter of 2009.
 
Source: Xinhua
Environment minister demands sound air quality in year beginning
14th January 2016

China's Minister of Environmental Protection Chen Jining has called for tough and targeted measure to ensure sound air quality in the first quarter of 2016, the remaining winter season.

The minister listed several "feasible" measures for the goal, such as conducting regular inspections over companies and vehicles with excessive emissions, better monitoring major pollution sources and improving forecast.
 
The 2015 average PM2.5 density in north China regions around Beijing dropped 10.4 percent from 2014, said Chen, adding it's a "hard-earned achievement" despite winter smog in the area.
 
All places must also work out measures to actively cope with serious pollution weather, he said.
 
He asked local authorities to launch the highest-level pollution warning -- red alert -- in a timely manner once the pollution weather appears to be extreme. Those who fail to well respond to the pollution emergencies will be held responsible.
 
Source: Xinhua
China's trade surplus up 56.7 pct in 2015
13th January 2016

China's foreign trade surplus widened to 3.69 trillion yuan (562 billion U.S. dollars) in 2015, an increase of 56.7 percent from a year earlier, customs data showed on Wednesday.

Exports fell 1.8 percent year on year to 14.14 trillion yuan in 2015, while imports declined 13.2 percent to 10.45 trillion yuan in 2015, according to the General Administration of Customs data.
 
Last year, the country's total export and import values decreased 7 percent year on year to 24.59 trillion yuan.
 
Source: Xinhua
Beijing to shut 2,500 polluting businesses
12th January 2016

Some 2,500 small enterprises in four southern districts of Beijing will be closed by the end of this year to improve air quality, according to a media report.

The businesses are in districts including Fengtai, Fangshan, Tongzhou and Daxing, which have seen more severe air pollution than the northern part of the capital.
 
The Beijing municipal government said large-sized ventures that were major polluters and high energy consumers have been moved out of the city although Xinhua News Agency reported that small businesses such as restaurants, hostels and automobile repairers had been to the detriment of residents' health.
 
By 2017, the four districts will remove all small enterprises of those kinds, the municipal government said.
 
Source: Chinadaily

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