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and regions?? in the past year, according to the Ministry of C??ommerce. The Belt and Road initiative was a stro??ng boost to cooperation between Chinese aH

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nd forei??gn firms. Outbound investment to countries involv??ed in the initiative totalled 14.53 billion U.S. ??dollars in 2016, said Han Yong, an official with ??the cU

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ommerce ministry. Chinese companies have es??pecially paid attention to the real economy and e??merging industries for outbound investment, said ??Han. Z

 
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Up to 18.3 percent of the ODI went to manuf??acturing in 2016, up from 12.1 percent in 2015. M??eanwhile, Chinese companies carried out 197 overs??eas mergers and acqX

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uisitions (MA) in the manufact??uring sector last year, accounting for 26.6 perce??nt of the total. In the same period, 12 percent ??of China's total ODI was investedZ

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in information ??transmission, software and information technology?? services, and 109 overseas MA deals related to t??he sector were announced by Chinese firms. Han8

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the same period of 2015 to 8.41 billion U.??S. dollars, according to the ministry.@ Chinese r??egulators are also looking out for pq

  • payment platform Alipay around 180,0??00 yuan (28,500 Ud
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otential risk??s brought by "irrational tendencies" amid rapid o??utbound investment growth and are examining irreg??ularities in suD

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??hina's top economic planner said last week. June 24 (Xinhua) -- South Korea's financial markets on Fri??day fell into panic on looming fears over Brexit, or Brit??ish exit from the European Union (EU), caused by recent r??esults of the referendum to let Britain leave the EU. Th??e South Korean currency was quoted at 1,178.7 won against?? the U.S. dollar as of 1:30 p.m. local time, down 28.5 wo??n from the previous close. The dailyy

volatility of 33.1 w??on was the highest since Sept. 23, 2011 when the European?? fiscal crisis rattled global markets. The voting result??s to favor the British exit from the EU was not in line w??ith market expectations, leading market players to purcha??se the U.S. dollar considered as safe haven. South Korea??'s foreign exchange authorities conducted smoothing opera??tions to B

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intervene in the FX market showing panic moves, ??but it failed to stop the dollar purchases. The won/yen ??exchange rate was quoted at 1,167.88 won per 100 yen as o??fB

1:30 p.m., up 69.05 won from the previous close due to ??strong demand for the Japanese yen, regarded as safe have??n currency among traders. The benchmark KOSPI tumblen

d mo??re than 4 percent to fall below the 1,900 points, while t??he tech-savvy KOSDAQ index plunged 7 percent, issuing a s??ide car alert to stop stock trading for five minutes. So??uth Korea's financial authorities held an emergency meeti??ng to discuss countermeass

ures against the highly expected?? British votes to leave the EU. Attendants at the meetin??g were vice finance minister, vice chairman of the financ??ial re3

gulator, vice governor of the central bank and the ??vice chairman of the financial watchdog. June 23 (Xinhua) -- China remains the largest supplier of chemical f??ertiliM

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