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Economy
In reply to the discussion: STOCK MARKET WATCH, Thursday, December 15, 2011 [View all]xchrom
(108,903 posts)47. Investment in China falls as west's economic downturn takes toll
http://www.guardian.co.uk/business/2011/dec/15/investment-china-falls-west-economic-downturn
Foreign investment in China fell nearly 10% in November in the latest evidence of the rising toll that weakness in the west is taking on the world's No 2 economy.
The $8.8bn (£5.7bn) in foreign direct investment in November down 9.8% from a year earlier was a sudden deterioration compared with an increase of 8.8% in October, the commerce ministry said. Foreign direct investment covers spending on physical assets such as factories and does not include financial assets such as stocks.
Exports, industrial production and property dealings are slowing, and China's leaders wrapped up their annual economic planning conference on Wednesday with statements suggesting they will be more pro-active in moving to fend off the chill from the European debt crisis.
With the European Union China's largest export market in the doldrums, commerce ministry spokesman Shen Danyang described trade prospects as "grim".
Foreign investment in China fell nearly 10% in November in the latest evidence of the rising toll that weakness in the west is taking on the world's No 2 economy.
The $8.8bn (£5.7bn) in foreign direct investment in November down 9.8% from a year earlier was a sudden deterioration compared with an increase of 8.8% in October, the commerce ministry said. Foreign direct investment covers spending on physical assets such as factories and does not include financial assets such as stocks.
Exports, industrial production and property dealings are slowing, and China's leaders wrapped up their annual economic planning conference on Wednesday with statements suggesting they will be more pro-active in moving to fend off the chill from the European debt crisis.
With the European Union China's largest export market in the doldrums, commerce ministry spokesman Shen Danyang described trade prospects as "grim".
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OMG. Ohio finally has re-drawn the districts. We are going to be in Boehner's district
DemReadingDU
Dec 2011
#22
One of the EU leaders said something like -- London wanted to be the Cayman Islands of the EU!
FarCenter
Dec 2011
#46