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China made actual use of $12.24 billion of foreign direct investment (FDI) in December, down 12.73 percent year-on-year, the Ministry of Commerce said Wednesday.
The average housing price in China will drop by 5.3 percent year-on-year to 5,024.4 yuan ($794.4) per square meter in 2012, the Center for Forecasting Science of the Chinese Academy of Science said in a report on Tuesday.
China's urbanization rate surpassed 50 percent for the first time ever last year, and city dwellers' growing purchasing will help boost consumption and the nation's economic transformation, said analysts.
Kweichow Moutai Co, China's most prestigious white liquor producer, said Tuesday that its 2011 preliminary net profit will rise more than 65 percent year-on-year.
China will aim for stability this year in terms of its policies on cross-border yuan-denominated business, and the nation will focus on implementing current measures rather than introducing new ones.
The economy, buffeted by weaker export demand and cooling real estate investment, grew at its slowest pace in more than two years.
Although China's economic expansion has made many people rich, soaring inflation and a poor stock market have chipped away at the savings and confidence of the nation's investors.
Hong Kong stocks closed up 615. 55 points, or 3.24 percent, at 19,627.75 on Tuesday.
China's stocks surged 4.18 percent Tuesday, the most since September 3, 2009, boosted by the stronger-than-expected GDP data.
Amazon.com, the world's largest online retailer, will set up a major distribution center in the southwestern city of Nanning, local authorities said Tuesday.
China will move faster to approve qualified foreign institutional investors that want to put money into Chinese investment funds, said a senior official with the China Securities Regulatory Commission.
The number of Chinese who gained access to the Internet in 2011 increased by the smallest rate seen in nearly the past decade, even as the total number of Chinese online hit a record high.
