"It's normal to have some monthly fluctuations in foreign direct investment figures. This doesn't represent the overall FDI trend and should never be connected with antitrust probes into foreign companies. " Spokesman for the Ministry of Commerc
Starting on Sept 1, the pilot will be applied at a total of eight ports－Nanjing, Suzhou, Lianyungang, and Qingdao in coastal areas, and the ports of Wuhu, Jiujiang, Wuhan and Yueyang in Central China
Despite a slowdown from June, the pace last month was slightly higher than the 8.8-percent expansion seen in the January-June period, the National Bureau of Statistics (NBS) said in a statement
"In the future, people are not going to need banks. People need banking. The ability to integrate banking into the day-to-day life of customers is what's going to distinguish and redefine banks of the future and banking of the future."
"The weakness in the headline number likely reflects the impact of the ongoing property slowdown in many cities as property-related activity, such as agencies and residential services, saw less business," said HSBC's China chief economist Qu Hon
In the first six months of the year, investment into the steel and electrolytic aluminum sectors dropped by 8.4 percent and 31 percent year on year respectively.
The average price of a new home in 100 major cities was 10,835 yuan ($1,757) per square metre last month, down 0.81 percent from June, the China Index Academy (CIA) said.
"The growth gap is an expected result of Beijing's efforts to rebalance regional economies and let the fruits of growth be more evenly shared by the poorer inland regions," said Nie Wen, an analyst at Hwabao Trust in Shanghai.
Nearly 30 percent of the manufacturers interviewed said they were going to reduce their investment in the PRD.Additionally, 32 percent of the manufacturers were planning on moving their factories to areas with lower costs such as Vietnam
The central bank will use unconventional monetary tools such as re-lending and pledged supplementary lending to maintain relatively loose liquidity
Beijing introduced a series of policies in April in response to concerns over slowing growth, including tax breaks for small enterprises, targeted infrastructure spending and the encouragement of lending in rural areas and to small companies.
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