China's Ministry of Commerce announced today that the foreign direct investment (FDI) in China rose 15.2% in April, compared to the same month last year, to $ 8.46 billion. The result was below the $ 15.52 billion recorded in March when there was an annual high of 32.9%.
During the period from January to April there was an increase of 26.03% in FDI over the same period last year to U.S. $ 38.80 billion. According to Yao Jian, spokesman of the ministry, investments in real estate sector accounted for between 23% and 24% of total FDI in April and increased in comparison with March.
The Ministry also reported that investments by Chinese companies in overseas non-financial companies totaled U.S. $ 13.40 billion in the first four months of this year, up 17.50% over the same period of 2010.
Most Chinese ETFs continue to be volatilel:
Performances are not the best. The best performer is CZM, but that is a 3X ETF, so this is temporary as those ETFs always end up losing value.
Next is Hong Kong (EWH), followed by Chinese technology ETF CHIB.
We track them live here (click)
Tuesday, May 17, 2011
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