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A bulk carrier freighted with goods on a pier in Lianyungang Cheap Men's Nike Air Max 360 KPU TPU Grey Black UK , East China. (Xinhua file photo)
BEIJING, Aug. 15 (Xinhua) -- Foreign direct investment (FDI) into the Chinese mainland dropped 1.2 percent year on year in the first seven months to 485.42 billion yuan (72.79 billion U.S. dollars), data from the Ministry of Commerce showed Tuesday.


In the first seven months, 17,703 new foreign-funded companies were established, up 12 percent year on year Cheap Women's Nike Air Max 97 GS Pink White UK , according to the ministry.


The trend of an influx of foreign investment into high-end sectors continued, data showed.


High-tech manufacturing saw FDI rise 8.3 percent to 37.39 billion yuan, while foreign investment in high-tech services surged 16.8 percent to 70.31 billion yuan.


Non-financial outbound direct investment (ODI) by Chinese companies dropped 44.3 percent year on year in the first seven months to 57.2 billion U.S. dollars, mainly due to government measures to curb irrational investment.


Outbound investment in real estate, culture, sports and entertainment sectors saw substantial declines during the period Cheap Nike Air Max 97 OG Undefeated Sail Speed Red White UK , the ministry said.


Meanwhile, outbound investment to countries involved in the Belt and Road Initiative stood at 7.65 billion dollars, accounting for 13.4 percent of the total ODI, up 5.7 percentage points from the same period in 2016.


While Chinese companies are going global, FDI still makes great sense for China today.


From research and development centers and technological spillover to the acquisition of world-class management skills, the impact of FDI in China is huge.


The Chinese leadership has promised to create "a stable Cheap Men's Nike Air Max 97 2017 Retro White UK , fair, transparent and predictable business environment" with a range of measures under way.


China has created 11 free trade zones where foreign firms can avoid red tape when applying for registration. It is shortening the list of sectors that are off-limits to foreign investors, as well as reducing market entry restrictions for industries such as transport and financial services.




NEW DELHI, Aug. 8 (Xinhua) -- At least eight people were killed and 25 others injured Tuesday after a passenger bus they were travelling in fell into a canal in India's eastern state of West Bengal, police said.


The accident took place at Tehatta village in Nadia district, about 150 km north of Kolkata Cheap Men's Nike Air Max 97 2017 Retro Silver UK , the capital of West Bengal.


"Today a bus carrying passengers overturned and fell into a canal, killing eight people and injuring 25 others," a police official said.


Reports said the bus was speeding and its driver lost control resulting in the accident.


Soon after the accident, locals said they rushed to the spot to rescue the injured and informed police.


The injured, according to police, were rushed to Shaktinagar district hospital.


China marks 70th anniversary of first autonomous region


China to establish 1st Mars simulation base in Qinghai


Celebration of 50th anniv. of ASEAN's founding held in Philippines


People mark national Fitness Day around China


People mark national Fitness Day around China


Aerial view of Gula Town in S China


Qiandao Lake: Home to 114 known fish species


Delicious in-flight meal for BRICS Summit


by Ben Ochieng


NAIROBI Cheap Women's Supreme x Nike Air Max 98 KPU TPU Pink Black UK , April 24 (Xinhua) -- Kenyan league champions Gor Mahia are cash-strapped and may pull out of the premier if there is no solution to the financial crunch.


Gor Mahia chairman Ambrose Rachier said the club does not have money and was looking for funds from well-wishers.


"Gor Mahia has no money. The club is surviving on donations from friends and might stop participating in the league," Rachier said.


Rachier was speaking Thursday during the launch of a pay bill number through which well-wishers can send their donations to bail out the club.


"Soon the club will come to a halt. The players are people with families and next week they will have landlords knocking at their doors demanding for rent."


The chairman said the monthly bill for salaries for the players amounts to 32,000 U.S. dollars exclusive of the daily training allowance of between six and 12 dollars.


"The quarterly office rent of 3,000 dollars, winning bonuses, medical expenses Cheap Supreme x Nike Air Max 98 KPU TPU Black Red UK , water and other requirements brings the club's monthly expenditure to over 53,000 dollars, which we do not have," Rachier said.


The chairman disclosed that it was now official that Tuzo, the official shirt sponsors for the last season ceased to be the club' s financial backers on March 31.


The milk processing company sponsored Gor Mahia to the tune of 32,000 dollars to cover salaries for the players Cheap Men's Supreme x Nike Air Max 98 Black UK , kit and operational costs.


This week, the Kenya Revenue Authority (KRA) slapped the club with a 1.4 million dollar tax demand note, a move that could easily bring down the club, considering that it lost a key sponsor last month.


The taxman wrote to Gor Mahia last week demanding that the club pays the said amount or risk hefty fines.


"We do not know how the figure was arrived at. Gor Mahia is a society, not a profit-making venture, and therefore not supposed to pay taxes. The colossal claim has crippled the club by serving agency notices to nearly all our financial sources Cheap Supreme x Nike Air Max 98 KPU TPU White Black UK ," the chairman said.


"While we are taking appropriate action to address this unfortunate claim, we wish to send a passionate appeal to all the club's adherents to come forward and contribute generously towards helping the club offset some of the most pressing bill I have already mentioned."


John Pesa, Gor Mahia first vice-chairman appealed to the club's fans to allow systems in place to succeed so that the club makes revenue.


"If you call yourself a genuine fan of Gor Mahia then you should pay your way into the arena instead of jumping over walls to gain free entry. Gor Mahia needs every penny it can lay its hands. Jerseys Free Shipping NHL Jerseys Wholesale MLB Jerseys Wholesale Adidas NHL Jerseys Wholsale Nike NFL Jerseys Wholesale NFL Jerseys Free Shipping Soccer Jerseys China Nike NBA Jerseys From China Baseball Jerseys China Authentic Soccer Jerseys From China

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