Briefly

Foreign-invested firms up 32% in Q1-3

Some 37,814 foreign-invested enterprises were newly established in China in the first three quarters of this year, up more than 32 percent year-on-year, data from the Ministry of Commerce showed. Foreign direct investment in the Chinese mainland in terms of actual use, however, dropped more than 8 percent year-on-year to 919.97 billion yuan ($125.74 billion) during the period. FDI used in China's manufacturing sector amounted to 262.41 billion yuan, up 2.4 percent yearon-year, with that in high-tech manufacturing rose by nearly 13 percent. France led the list of countries whose investments in China rose the most (122 percent year-on-year), followed by the United Kingdom (117 percent), Canada (109 percent), Switzerland (77 percent) and the Netherlands (33 percent).

CR24 renovates station in Suzhou

Suzhou Railway Station in northeastern Anhui province recently completed the renovation of its front square via a two-year project executed by China Railway 24th Bureau Group Corp, a State contractor. The station links rail lines like the Beijing-Shanghai high-speed railway. The renovation project addressed traffic congestion caused by pass-through rails in the area and also improved livelihood for many people. It is expected to improve passenger services and provide a better link between the station and the local rail network, the builder said.

Balance of loans in Shanghai up 6.5%

The balance of loans in Shanghai, including all currencies, rose 6.5 percent year-on-year to 11.02 trillion yuan ($1.53 trillion) at the end of September, official data showed. Of the total, the balance of loans in the Chinese yuan went up 8.4 percent year-on-year to 10.43 trillion yuan, according to the People's Bank of China Shanghai Head Office. The balance of foreign loans stood at $83.3 billion, down 19.6 percent year-on-year.

Xinhua - China Daily