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BEIJING, Nov. 16 (Xinhua) -- Foreign direct investment (FDI) into China rose for the 15th consecutive month in October, indicating China remains a favored investment destination for foreign businesses.Inbound FDI increased 7.86 percent year on year in October to 7.663 billion U.S. dollars, the Ministry of Commerce (MOC) said Tuesday.The October figure means inbound FDI for the first 10 months of the year totaled 82.003 billion U.S. dollars, a year-on-year increase of 15.71 percent.MOC spokesman Yao Jian said at a press conference China remains a hot spot for foreign investors.Foreign businesses have begun to shift their investments from export-orientated sectors to domestic market-orientated businesses because of China's improved legal system and its expanding market, he said.In the first 10 months of the year, the manufacturing sector received 47.59 percent of FDI inflows while the services industry got 45 percent.A total of 21,181 foreign-invested enterprises were approved for establishment during the 10-month period, up 16.62 percent from a year earlier.In September inbound FDI grew 6.14 percent year on year.The acceleration in the rate of inbound FDI growth was due to the U.S.'s second round of quantitative easing, some analysts explained.Yao denied the link but said the Chinese government is keeping an eye on liquidity.
BEIJING, Jan. 4 (Xinhua) -- Remote villages across Yongning County of northwest China's Ningxia Hui Autonomous Region have been connected to a safe water supply thanks to a newly-completed water project.The project, launched in August 2010 and concluded on Nov. 27, has ensured that 100,000 people in 44 villages of Yongning will have access to safe water for drinking.People in the county had long suffered from a severe shortage of safe water because the area's surface water contained excessive amounts of fluorin and iron.The project was initiated after local authorities increased their efforts to provide safe drinking water after Chinese President Hu Jintao visited the region.During an inspection to a well-drilling site at Yuanlin Village of southern Yongning on March 23, 2010, President Hu stressed that efforts be made to ensure more people have access to safe water supplies.
BEIJING, Jan. 9 (Xinhua) -- China's Ministry of Agriculture (MOA) on Sunday stressed it would assure that there is a stable supply of farm produce amid ongoing icy weather as the nation's most important traditional festival approaches.The ministry urged local authorities, in a notice on its website, to make every effort to ensure continued agriculture production as the freezing weather threatens abundant supplies, which are critical during the Spring Festival, the annual season for family reunions.Temperatures and humidity in vegetable greenhouses and corrals should be kept at proper levels, while exposure to frigid weather by poultry and livestock should be minimized.The ministry also asked local departments to facilitate the smooth transporting to markets of fresh farm produce.Freezing weather in south China has forced the evacuation of at least 58,000 people from their homes over the past week, according to the Ministry of Civil Affairs.Southern China will experience more icy rain and snow from Sunday to Thursday, where freezing weather has hit since the New Year's Day, the National Meteorological Center reported Sunday.
BEIJING, Dec. 23 (Xinhua) -- China and the United States are in close touch for Chinese President Hu Jintao's state visit to the U.S. in January, Chinese Foreign Ministry spokeswoman Jiang Yu said Thursday.Jiang said President Hu's visit will be a major event of the China-U.S. relations in the new era, and China hopes the visit could further push forward the positive, cooperative and comprehensive China-U.S. relations.
BEIJING, Jan. 12 (Xinhua) -- The Chinese government welcomes and supports the activities of overseas non-governmental organizations (NGO) in the country, said Assistant Foreign Minister Cheng Guoping here on Wednesday.Addressing a new year reception held by the Chinese Foreign Ministry for NGOs, Cheng appreciated the contribution of overseas NGOs in promoting China's economic and social development, as well as the country's exchanges with the world.He also hopes overseas NGOs to enhance understanding about China's national conditions, and abide by China's laws and regulations.About 130 representatives from overseas NGOs, foreign embassies in China and academic organizations, as well as Chinese officials from relevant departments joined the reception, the first held by the Foreign Ministry for NGOs.