BEIJING, May 16 (Xinhua) -- The following are the highlights of China's business news from the past week:

CIVIL AVIATION

China saw an uptick in the recovery of its civil air transport sector in April, setting a new monthly record for the number of domestic air passenger trips.

The country's domestic air passenger trips reached 51.09 million in April, soaring 205.5 percent from a year earlier, according to the Civil Aviation Administration of China.

The number set a new monthly record since the start of 2020. It represents 96.2 percent of the level seen in the same period in 2019, accelerating from 89.4 percent in March.

POWER USE

China's electricity consumption, a key barometer of economic activity, expanded 13.2 percent year on year in April as the country's economy continued to resume growth.

Total power use came in at 636.1 billion kWh last month, according to the National Energy Administration.

FDI

China remains a popular destination for overseas investors, with a surge in foreign direct investment (FDI) during the January-April period.

FDI into the Chinese mainland, in actual use, rose 38.6 percent year on year to 397.07 billion yuan (about 61.45 billion U.S. dollars) in the first four months of this year, according to the Ministry of Commerce. Enditem

Related

Go to Forum >>0 Comment(s)