Offshore Investment by Corporate China to Top $500b by 2015
Offshore investment by Chinese companies will total $500 billion by the end of 2015, up from $320 billion presently, the Ministry of Commerce estimated. Chinese companies currently have $1.6 trillion in assets and employ 1.2 million people overseas.
Foreign Fund Inflow Nets $620m in Q1
Foreign institutional investors injected $660 million into and directed $40 million away from Chinese financial institutions in Q1 2012, figures from the State Administration of Foreign Exchange show.
Pharmaceutical Output Up 20% Jan-Apr
Output from China's pharmaceutical industry grew 14.9% year on year to ¥142.16 billion in April, the National Development and Reform Commission said. The amount jumped 20% year on year to ¥527.16 billion during the first four months of this year.
Petrochemical Output Up 15% Jan-Apr
Output from China's petrochemical industry expanded 14.7% year on year to ¥3.36 trillion in the first four months of 2012, according to the National Development and Reform Commission.
$1 = ¥6.34