Biz China Weekly: Foreign trade, CPI, PPI, FDI

0 Comment(s)Print E-mail Xinhua, October 17, 2020
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BEIJING, Oct. 17 (Xinhua) -- The following are the highlights of China's business news from the past week:

-- China's foreign trade increased 7.5 percent year on year in the third quarter of this year, official data showed.

Exports jumped 10.2 percent year on year while imports climbed 4.3 percent in yuan terms, the General Administration of Customs said.

-- China's consumer price index, a main gauge of inflation, rose 1.7 percent year on year in September, the National Bureau of Statistics (NBS) said.

The growth eased from the 2.4-percent rise registered in August.

-- China's producer price index, which measures costs for goods at the factory gate, fell 2.1 percent year on year in September, the NBS said.

The decline slightly widened from the 2-percent drop in August, the NBS data showed.

-- Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 25.1 percent year on year to 99.03 billion yuan (about 14.25 billion U.S. dollars) in September, the Ministry of Commerce (MOC) said.

This marked the sixth consecutive month for the country to witness positive growth in FDI.

-- China's non-financial outbound direct investment (ODI) went down 0.6 percent year on year in the first nine months of the year, official data showed.

The ODI amounted to 551.51 billion yuan in the period, according to the MOC. Enditem

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