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Business & Economy

China says FDI rises 7% in August

BEIJING, Sept. 15 (Xinhua) – China received 7.5 billion U.S. dollars of foreign direct investment in August, up 7 percent from a year earlier, said Yao Jian, spokesman of the Ministry of Commerce (MOC) on Tuesday. (Full Story)

August power consumption up 8.22%

China’s power consumption in August hit 346.22 billion kWh, up 8.22 percent year-on-year or 1.23 percent month-on-month, keeping the month-on-month positive growth trend starting April, said the National Energy Administration (NEA) Monday. (Full Story)

China's export far from recovery despite orders surge, analysts say

XIAMEN, Sept. 13 (Xinhua) – A recent orders increase in many Chinese export-oriented companies combining a slower downward rate in the country’s foreign trade figures added to signs that the dwindling export has scraped bottom amid the shrinking global economy, but analysts were not so optimistic about full recovery in the short term. (Full Story)

Report: China's new loans to top 10 tln yuan this year

BEIJING, Sept. 12 (Xinhua) – China’s new yuan-denominated loans are expected to top 10 trillion yuan (about 1.464 trillion U.S. dollars) this year as lending in August continue to rise, a Friday report by Bank of Communications (BOCOM), the country’s fifth largest lender, said. (Full Story)

China's imports, exports drop 20.6% in August

BEIJING, Sept. 11 (Xinhua) – China’s foreign trade figures continued to fall in August, but their downward rate slowed, the General Administration of Customs (GAOC) said Friday.
The total value of imports and exports for August was 191.7 billion U.S. dollars, a decrease of 20.6 percent compared with the same month last year, but a 2.3 percent increase from July. (Full Story)

Economic recovery remains strong as investment, industrial output climb

BEIJING, Sept. 11 (Xinhua) – China’s economy is on a track of quick recovery as major economic figures soared in August. (Full Story)

China's economic stimulus measures win global applauses

DALIAN, Sept. 11 (Xinhua) – Although uncertainties still remain for the economy, China’s stimulus plans have won applauses at the Summer Davos forum, where about 1,400 world business leaders and policy makers gathered to find ways to relaunch world economic growth. (Full Story)

China's August fiscal revenue rises 36.1%

BEIJING, Sept. 11 (Xinhua) – China’s fiscal revenue in August rose 36.1 percent over the same month last year to 523.75 billion yuan (76.68 billion U.S. dollars), the Ministry of Finance said Friday. (Full Story)

China August Car Sales Jump 90% on Stimulus Measures

Sept. 8 (Bloomberg) – China’s passenger-car sales surged a record 90 percent last month, as tax cuts and government subsidies spurred demand, bringing the nation closer to overtaking the U.S. as the world’s largest auto market. (Full Story)

China Q3 GDP to up 8.5%, no inflation: think-tank

BEIJING, Aug. 21 – China’s gross domestic product will grow about 8.5 percent in the third quarter from a year earlier, picking up from the second quarter’s 7.9 percent pace, a think-tank said on Friday. (Full Story)