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By Thelma Sullivan,2014-07-22 02:58
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ECONOMIC&TRADENEWS

    ;?

    ;FastGrolhForecastforChina-sDirect ;?nVeStmentOverseas

    ;China’sdirectinvestmentoverseaswillgrowbyUS$60billionfrom2006to20

    10,accordingtoforecastsbyexpertsandofficials. ;ZhengChao.anofficialofforeignco. ;operationwiththeMinistryofCommerce, ;saidChinahasagoodopportunitytoin

    ;creaseitsinvestmentoverseas.backedup ;byfasteconomicgrowthandahealthyglo

    ;baleconomy.

    ;Chinahasmaintainedrobustmomen

    ;tumineconomicdevelopmentandforeign ;tradeandithasalsoseenarapidincrease ;intheamountofoverseasfundsandfor- ;eigncurrencyreserves,Zhengsaid. ;Chinaregisteredaneconomicgrowth ;rateofl0.9%inthefirsthalfofthisyear.

    ;anditconductedforeigntradeworth ;US$795.7billion,up23.4%ontheprevi

    ;OUSyear.China’stotalforeigncurrency

    ;?

    ;China’sConsumer

    ;Pricesupl?3%

    ;ing?st

    ;China’sconsumerpriceswereup1-3%inAugustoverayearago.saidtheNatio

    nalBureauofStatisticsfNBS)onSeptemberl1. ;Thegrowthratewas0.3percentage ;pointshigherthaninJuly,saidanNBS ;report.Foodpricesroseyearonyearby ;1.4%.andservicePricesincreasedby ;2-3%.InAugust.pricesofgrainandmedi

    ;calserviceswereup3.1%eachfromAu

    ;gust2005.Meanwhile,pricesofmedicines ;weredown1.7%.transportvehiclesdown ;2.6%andcommunicationequipmentdown ;l7.6%.

    ;FromJanuarytoAugust.China’scon—

    ;sumerpricesrosel-2%fromthesameperiod ;lastyear.@

;?

    ;reservesreachedUS$94lbil

    ;lioninthefirsthalfofthisyear. ;35%ofthenationalGDPand ;thehighestintheworld. ;Chinahasintensifiedthe ;readjustmentofitseconomic ;structureandimprovedits ;policiesencouragingChinese ;enterprisestoinvestoverseas, ;Zhengsaid.Chinahasdevel

    ;opedagroupofindustriesand ;productswhicharecompeti

    ;tiveontheglobalmarket.he ;added.

    ;China’sdirectinvestment

    ;overseashitanewhighof ;US$l2-26billionin2005.ex

    ;ceedingUSRl0billionforthe ;firsttime,theMinistryofCom

    ;mercesaidonSeptember4.@ ;ChineseindustrialParkto

;LandinEast?ndia

    ;.

    ;Chinesecompanysignedanexpressionofinterestwiththe ;governmentofEastIndianstateWestBengaltosetupaChinese ;industrialpark,IndoAsianNewsServicereported.

    ;JiangsuOverseasGroupCorporationhadsoughtabout101hectaresof ;landtosetuptheparkwhichwillhouseonlycompaniesfromeastChina’s

    ;JiangsuProvince,saidStateIndustryDepartmentPrincipalSecretary ;SabyasachiSen.

    ;AthreememberChinesedelegationhadvisitedHaldiainEastMidnapore ;districtandRaiarhatnear

    ;Kolkata.TheChinesewasin

    ;favoroftheforrrlerlocation

    ;asitisnearaport.hesaid.

    ;Theindustria1Park

    ;mightbeconvertedintoa

    ;specialeconomiczone

    ;(SEZ)sometimelater,Sen

    ;said.

    ;AnumberofChinese

    ;companieswerekeentoinvest

    ;inWestBengal,hesaid.@

;

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