Despite China's cooling economy Cheap North Carolina Tar Heels Hoodies , the enthusiasm of the world's top 500 firms for setting up new business in the nation shows no signs of abating.
The multinationals' optimism in China's economic outlook helped the country attract 781.4 billion yuan ($126.3 billion) in nonfinancial foreign direct investment in 2015 despite the economic slowdown, up 6.4 percent from 2014, said the Ministry of Commerce on Thursday.
"The world's top 500 companies are still optimistic about the Chinese market and investment prospects, and their continuous investment and expansion in the country reflect a commitment to China's economic outlook," said Tang Wenhong, director-general of the Ministry of Commerce's department of foreign investment administration.
Tang raised examples of Volkswagen AG, Deutsche Lufthansa AG, Sumsung Electronics Co Ltd, Nippon Electric Glass Co Ltd, Bridgestone Group Cheap Oklahoma Sooners Hoodies , Itochu Corp and Intel Corp as companies which have invested substantially in the fields mentioned above in 2015.
United States ride-hailing firm Uber Technologies Inc has committed to invest 6.3 billion yuan in China, aiming to break into its huge tourism industry with businesses ranging from transportation services to automotive financing, according to Reuters.
Starbucks Corp is also planning to open 500 stores this year in China, its largest market outside of the US, aiming to create 10,000 jobs in the country every year through 2019.
According to the ministry Cheap Oklahoma State Cowboys Hoodies , foreign-invested enterprises are playing a key role in China, with investment from overseas companies currently contributing to half of all foreign trade in China, one-quarter of industrial output, one-seventh of urban employment and one-fifth of tax income.
China is also attracting increased number of high-end functional organizations, including multinational companies' regional headquarters and more than 2,400 research and development institutions so far Cheap Oregon Ducks Hoodies , it said.
Compared with traditional heavy industries, which have been facing continuous weakness, the services sector is more favored by foreign investors, which has utilized 477.1 billion yuan of foreign investment in 2015, a year-on-year increase of 17.3 percent, said the ministry.
Experts said the services sector has become a significant field of attracting foreign capital Cheap Penn State Nittany Lions Hoodies , and the rise also illustrates a further optimization of the foreign capital industrial structure as well as China's economic transformation and upgrading.
The services sector represents the overall strength of a country and China should further utilize foreign capital in developing the sector, said Xing Houyuan, deputy director of the Chinese Academy of International Trade and Economic Cooperation at the Ministry of Commerce.
According to the ministry, the services sector accounted for 245.2 billion yuan of foreign direct investment in 2015, with high-tech manufacturing accounting for 58.35 billion yuan, up 9.5 percent from 2014 and accounting for 23.8 percent of investment in the manufacturing sector.
Barely any FDI was approved for industries including steel Cheap South Carolina Gamecocks Hoodies , cement and shipbuilding, that are suffering from overcapacity, it said.
According to Tang, from January to November last year, free trade zones in Guangdong, Tianjin and Fujian attracted investment of 445.81 billion yuan from 6 Cheap Texas Longhorns Hoodies ,040 overseas companies.
(Source: Chinadaily)
For a business known for its tendency to commit fees and penalties, the Oakland Raiders are achieving new highs-or perhaps it’s lows- this season.
And that has trainer Hue Jackson fuming-not simply at the responsible gamers but additionally at the referees.
Jackson discussed to group authorities on Mon, a day following he stated calls towards his group inside a 27-21 earn at Minnesota were unjust, lamented that he couldn’t obtain answers of calls from referee Jerome Boger鈥檚 team as well as stated he didn鈥檛 鈥渆ven understand what soccer is actually proper now鈥?with the method a few personal fouls were called. 鈥淥bviously following last night I鈥檝e most likely reached my own cooking point, 鈥?Jackson stated Mon.
Following spending most of his initial season as Raiders trainer neglecting to criticize authorities openly, Jackson clicked after the latest match that incorporated several individual fouls Cheap Ucla Bruins Hoodies , including 3 on one touchdown drive by means of Minnesota inside the initial fraction.
鈥淎ll I ask is that when people deal with our football team, that it鈥檚 carried out pretty, 鈥?Jackson claimed. 鈥淣ow across the group everybody states everything is actually reasonable, as well as I鈥檓 not really stating that it鈥檚 not really. However yesterday it was 1 match that I sensed really unpleasant with what had occurred. I was able to tackle it these days. I stated exactly what I stated yesterday as well as felt really highly about and still really feel highly about it today. However I鈥檓 likely to move ahead from that because that does me no great, our football group no great. 鈥?p>
Jackson stated he didn’t expect to obtain fined for his remarks as well as the group might tackle the issues openly. NFL spokesman Greg Aiello stated instructors can call mind of officiating Carl Johnson for answers of any calls and that the group appeared forward to responding to Jackson鈥檚 queries.
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