Home Investment Biz China Weekly: Home prices, funding, e-commerce and auto sales

Biz China Weekly: Home prices, funding, e-commerce and auto sales

by Stacey Santos

BEIJING, Feb. 24 (Xinhua) — The following are the highlights of China’s key enterprise information from the past week: HOME PRICESThe National Bureau of Statistics said in a declaration that new house expenses in 4 first-tier cities, namely Beijing, Shanghai, Shenzhen, and Guangzhou, edged up zero.4 percent month on month in January, retreating from the 1.Three-percent boom in December. New domestic costs climbed 0.7 percentage in 31 2d-tier cities and rose 0.6 percentage in 35 1/3-tier towns. On a yr-on-year foundation,

Biz China Weekly: Home prices, funding, e-commerce and auto sales 2

both new and resold domestic fee registered increases in most Chinese cities, with 2d and 0.33-tier towns seeing greater growth than larger towns like Beijing and Shanghai. OUTBOUND DIRECT INVESTMENTChina’s non-monetary outbound direct investment (ODI) in 47 nations collaborating in the Belt and Road Initiative rose 8.1 percent 12 months on year to 1.33 billion U.S. Bucks in January this year; records showed Thursday. China’s non-economic ODI in 973 foreign places businesses in 137 nations and regions stood at 9.19 billion U.S.

Dollars final month, the Ministry of Commerce (MOC) stated in a assertion. Compared with 10. Eight billion U.S. Bucks registered in January 2018; Gao Feng, the MOC spokesperson, said the decline turned into diverse motives, including a forecast of slowed global monetary growth this 12 months and better security checks from positive nations and areas.

ONLINE RETAIL SALES IN THE RURALOnline retail sales across China’s rural areas soared to 1.37 trillion yuan (approximately 201.47 billion U.S. Dollars) in rural regions in 2018, up 30. Four percent 12 months on yr, in line with the MOC. Online income of agricultural merchandise amounted to 230. Five billion yuan, representing a yr-on-12 months increase of 33.Eight percentage.

In China, e-commerce has become a key way to help the underprivileged takeaway poverty. Last year, a nationwide e-commerce alliance changed into shaped through 29 organizations and agencies to assist farmers in 351 terrible counties in promoting their products online.AUTO SALESChina’s vehicle market remained sluggish in January, with sales down 15.8 percent year on 12 months,

facts from the China Association of Automobile Manufacturers confirmed Monday. However, new electricity motors accomplished strongly with income surging 138 percentage year on yr to 96,000 devices. Sales of all-electric automobiles hit seventy-five,000 cars, up 179.7 percentage, whilst those of plug-in hybrid electric powered cars amounted to 21,000, up 54.6 percent.

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