RMB FDI For Implementation In September

Ministry of Commerce spokesman Shen Danyang said 24, the Ministry of Commerce recently issued a direct cross border RMB. Investment (RMB FDI) draft for related issues will be implemented in September. The introduction of this policy has little impact on China's foreign exchange reserves.

Shen Danyang said that the implementation of cross-border RMB After the direct investment measures, there are two possible situations. On the one hand, from the trade point of view, a part of foreign exchange will stay in Hongkong or elsewhere. If the renminbi goes out, foreign exchange will come in, foreign exchange reserves will increase. On the other hand, from the investment point of view, the RMB will come in through foreign investment, which will reduce the increase of foreign exchange reserves. Therefore, after the implementation of this new measure, the impact on the entire foreign exchange reserve will not be particularly large, and will not significantly increase or decrease foreign exchange reserves.

It is reported that the Ministry of Commerce recently issued the Ministry of Commerce on Cross-border The circular on the issue of RMB direct investment (Draft) allows foreign investors to conduct direct investment activities in China on the basis of Renminbi legally obtained abroad.

Authoritative data

Before July, China's non-financial foreign direct investment of US $27 billion 630 million increased by 3.3% over the same period last year.

According to the 24 day data released by the Ministry of Commerce of Xinhua news agency, 1 to July, China's total non-financial foreign direct investment (the same below) reached 27 billion 630 million US dollars, an increase of 3.3% over the same period last year.

According to Shen Danyang, spokesman of Ministry of Commerce, from 1 to July, China's investment in Australia and Hongkong of China increased significantly, and investment in ASEAN, the European Union, the United States, Russia and Japan decreased. From 1 to July, direct investment in Hongkong amounted to US $16 billion 890 million, an increase of 23.9% over the same period last year, and US $1 billion 680 million in direct investment in Australia, an increase of 102.5% over the same period last year.

Judging from the composition of domestic investors, local foreign direct investment amounted to US $10 billion 130 million, which accounted for 36.7% of the total foreign direct investment in the same period, an increase of 8.5% over the same period last year. Zhejiang, Shandong, Jiangsu, Shanghai and Guangdong rank the forefront of foreign investment.

In addition, from 1 to July, China's foreign contracted projects completed 51 billion 380 million US dollars, an increase of 20.4% over the same period last year.

From the national and regional distribution of the newly signed contracts, the top ten countries are India, China, Hongkong, Saudi Arabia, Angola, Laos, Pakistan, Nigeria, Kazakhstan, Malaysia and Algeria, with a total contract value of US $32 billion 800 million, accounting for 43.3% of the total amount of the new contract.

The top five industries in the new contract are: electric power industry, housing construction industry, transportation and construction industry, electronic communication industry and petrochemical industry.

China's trade surplus has fallen to 1.44% of GDP share.

Shen Danyang said on the 24 th that in recent years, the proportion of China's trade surplus in GDP has decreased year by year, from 6.7% in 2008 to 2.2% in the first half of last year, and then dropped to 1.44% in the first half of this year. This proportion is expected to decline further this year.

Shen Danyang said that the Ministry of Commerce will continue to actively expand imports of advanced technology, key components and scarce resources, and implement trade facilitation measures.