FOREIGN DIRECT INVESTMENT

High-level trade negotiations between the U.S. and China broke down after President Donald Trump turned up the rhetoric against Beijing. Beijing said that further talks can’t proceed unless Washington adjusts its “wrong actions” but Trump still predicted that a deal could be reached “fast.” However, Tan Min Lan, Asia-Pacific head of chief investment office at UBS Global Wealth Management, predicted that any deal between the U.S. and China will likely only come “just before 2020.” With both the S.and China avoiding any severe economic downturn so far, there’s little incentive for the two countries to strike a trade deal quickly, according to UBS...

FOREIGN DIRECT INVESTMENT OUTBOUND INVESTMENT HIGHLIGHTS 2019

Foreign minister A K Abdul Momen on urged Hong Kong-based Chinese manufacturers to invest here terming Bangladesh as an unexplored gold mine that offers cheap labour and low energy cost to the foreign investors.‘Explore Bangladesh potentials, if you make money come here (make investment) earlier than others,’ he told a seminar titled ‘Trade and Investment Opportunities in Bangladesh’ at foreign ministry in the capital.Besides cheap labour, Momen said Bangladesh had a vast local market with 160 million of people to consume various goods. ‘You will make money, in return Bangladesh will get more employment opportunities.. it will be a win...

FOREIGN DIRECT INVESTMENT OUTBOUND INVESTMENT HIGHLIGHTS 2019

Ethiopia's mining sector has recently emerged as one of the major priority investment areas among potential Chinese investors amid the Ethiopian government's efforts to attract foreign firms in the extraction of the country's abundant mineral resources, an Ethiopian official said. In an exclusive interview with Xinhua, Ethiopia's State Minister of Mining and Petroleum, Assefa Kumsa, said that as the Ethiopian government invites experienced foreign companies to invest in the mining sector, a growing number of Chinese investors seek to penetrate in the exploration and production of the East African country's untapped mineral and natural-gas resources. "As Chinese firms' engagement in...

FOREIGN DIRECT INVESTMENT OUTBOUND INVESTMENT HIGHLIGHTS 2019

Piraeus port, the first major European container port for ships entering the Mediterranean via Suez, is the start of China’s Balkan Silk Road. In April 2019, China convened the second forum of its Belt and Road Initiative, a vast network designed to promote new economic corridors and to link cities and ports through existing and new routes and infrastructure. Though its immediate focus is on Asia, Belt and Road investments are spreading through southeastern Europe, a region in which China’s economic influence is recent, but its impact is drawing significant attention.  Chinese foreign direct investments in Europe have reached record levels...

FOREIGN DIRECT INVESTMENT OUTBOUND INVESTMENT HIGHLIGHTS 2019

As real-estate agent Adam Wong works through Australia’s worst property downturn in decades, he’s also found himself at the mercy of China’s slowing economy. In Wong’s core market of Chatswood, a suburb north of Sydney’s harbor bridge where a third of residents claim Chinese ancestry, his sales have slumped by as much as half from their peak. That’s reflected in recent government data showing China is no longer Australia’s biggest foreign investor amid a plunge in property purchases. “There are two main factors behind the drop,” said Wong, who estimates 90 percent of his sales in Chatswood are to Chinese buyers. “The first is...

FOREIGN DIRECT INVESTMENT OUTBOUND INVESTMENT HIGHLIGHTS 2019

Indonesia was an enthusiastic participant at the second Belt and Road Forum held recently in Beijing. Although Indonesian President Joko Widodo did not attend the event, he sent a high-level delegation led by vice-president Jusuf Kalla to the summit, where more than 20 agreements were signed on the sidelines. Having survived smear campaigns alleging he is selling out the country by soliciting Chinese investments, the president, popularly known as Jokowi, is likely to secure a second term when the final results for the country’s April 17 election are released. He is expected to continue seeking Chinese investments to develop infrastructure in the sprawling archipelago. However,...

FOREIGN DIRECT INVESTMENT OUTBOUND INVESTMENT HIGHLIGHTS 2019

Overseas direct investment (ODI) from China may be shifting toward the Belt and Road Initiative (BRI) as Chinese companies face growing difficulties entering the US. Chinese and foreign experts said the shift could bring significant changes to the global investment landscape, and could benefit BRI countries and regions with investment grade ratings.The comments come as Chinese ODI to the US fell to a seven-year low in 2018, while steadily growing in BRI markets.Chinese investment to BRI markets grew at an annual rate of 5.2 percent from 2013 to 2018, or $90 billion, Ministry of Commerce data shows.The Global Times reached out to...

FOREIGN DIRECT INVESTMENT OUTBOUND INVESTMENT HIGHLIGHTS 2019