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January, 18, 2017

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China
Outbound non-financial direct investments up 44%
China's total outbound direct investment from the non-financial sector jumped 44.1 percent to $170.11 billion in 2016 compared with the previous year, according to data released by the Ministry of Commerce on Monday.
 
US-based computer technology company Oracle Corp plans to lay off around 200 research and development staff at its Beijing office due to strategic restructuring.
 
President: China shows what opening up can do
President Xi Jinping voiced support for open economies on Monday, a day ahead of his participation in the World Economic Forum in Davos, Switzerland, where some 3,000 influential political and business leaders will gather.
 
The head of China's sovereign wealth fund said on Monday that it is eyeing rich investment opportunities in the United States as president-elect Donald Trump plans to expand the nation's infrastructure programs.
 
Baidu unveils AR lab for new apps
Internet search provider Baidu Inc unveiled an augmented reality lab on Monday in Beijing to build smartphone-based AR applications.
 
Beijing's property market recorded a sluggish performance during the second week of this year, with new home prices down 8.63 percent from the previous week.
 
City bans remarried couples from holding wedding banquets
In a move to rein in extravagance, a city in Southwest China's Guizhou province bans remarried couples from holding wedding banquets.
 
Xi says globalisation here to stay as Trump readies for office
China's President Xi Jinping warned Tuesday against scapegoating globalization for the world's ills or retreating behind protectionist walls, days before Donald Trump takes office.
 
IMF ups China forecast — but with warning
The International Monetary Fund on Monday raised its growth forecast for China but warned rising debt that has prompted concern about the country's finances increase the risk of a sharper slowdown.
 
Digital economy invents new jobs
Gong Xiaopei, 21, looks a lot like a flight attendant, with a black suit, orange tie and a smile sweet enough to clearly communicate that she is eager to help.
 
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