China’s outward foreign direct investment hit 56.5 billion U.S. dollars in 2009, ranking five on global basis and topping the developing countries.
The official purchasing managers’ index released by the China Federation of Logistics and Purchasing rose to 54.7 percent from 53.8 percent in September.
China’s tax revenue in the first nine months rose 24.2 percent to 5.6 trillion yuan, maintaining an upward trend.
China's economy growth is raised to 9.3 percent from 9 percent in the fourth quarter and by two basis points to 10.3 percent for the whole 2010.
China’s foreign trade sector should be alert to imported inflation driven by factors including rising material and labor costs, U.S. “out-of-control” currency issuance and commodity price hikes.
Leaders from Japan and India signed a bilateral trade agreement Monday that aimed at increasing trade and reducing reliance on the Chinese market.
China has made a big stride in national competitiveness during the period from 1990 to 2008, ranking 17th globally.
The G20 members “will towards more market-determined exchange-rate systems that reflect underlying economic fundamentals and refrain from competitive devaluation of currencies.”
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