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Political fear-mongering about Chinese direct investment in the United States could cause the US to miss out on employment and investment opportunities, according to US academics.
With an annual growth rate of "20 to 30 percent", outbound direct investment (ODI) will overtake foreign direct investment (FDI) "within three years", a senior Ministry of Commerce official said.
China's FDI to help US growth
China's Ministry of Commerce (MOC) said Thursday in a final ruling that the United States has dumped subsidized sedans and sport utility vehicles with engine displacement of 2.5 liters or bigger on the Chinese market.
China's Ministry of Commerce said Friday that it has asked local departments to crack down on illegal oil sales, compulsory tie-in sales and overcharging, as seasonal demand for oil will increase as summer arrives.
Shenning Group, a subsidiary of China's biggest coal producer Shenhua Group, said Thursday that the world's largest coal-based olefin plant in northwest China had started operating.
Shares of Renren Inc., which runs an online social network in China, rose in their market debut Wednesday after the company priced its initial public offering at the top of an expected range.
China has become one of the most important investors in Latin America and the Caribbean accounting for almost 9 percent of the total investment flow to the region in 2010.
Conditions are not ripe at present to freely float the yuan, Chinese economists said on Wednesday after US Treasury Secretary Timothy Geithner again pressed China on reform of its financial system.
China's key retail sales enterprises enjoyed brisk sales during the May Day holiday which lasted from April 30 to May 2, said the Ministry of Commerce (MOC) in a statement on Wednesday.
China's major banks have largely met stringent new regulations concerning capital requirements, and no large-scale capital supplements are needed, an official with China's banking regulator has said.
A court in East China's Fujian province has upheld a previous ruling in which the Zijin Mining Group, one of China's biggest gold producers, was fined 30 million yuan ($4.62 million) over a toxic spill last year that caused severe environmental damage.
China will continue to put stabilizing consumer prices and managing inflation expectation as the top priority for macro regulation, the People's Bank of China (PBOC) said Tuesday.
