empty
 
 

2019.08.1308:09:00UTC+00China's FDI Increases In July

Foreign direct investment into China increased in July, the commerce ministry reported Tuesday.

FDI grew 8.7 percent on a yearly basis to CNY 54.82 billion in July. During January to July, FDI expanded 7.3 percent on year to CNY 533.14 billion.

Data released by the People's Bank of China, on Monday, showed that Chinese banks extended CNY1.06 trillion new yuan loans in July, which was below CNY 1.66 trillion in June.

Total social financing, a broad measure of credit and liquidity in the economy, expanded 10.7 percent on year in July but slower than the 10.9 percent increase in June.

The latest slowdown in lending highlights the need for further monetary easing if policymakers are to succeed in putting a floor beneath growth, Julian Evans-Pritchard, an economist at Capital Economics, said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback