Foreign di­rect in­vest­ment down

The Mercury - - BUSINESS REPORT -

FOREIGN di­rect in­vest­ment (FDI) into China in April fell 1.1 per­cent year-on-year to 59.24 bil­lion yuan (R116.13bn), China’s Min­istry of Com­merce said yes­ter­day. For the Jan­uary to April pe­riod, FDI into China rose 0.1 per­cent to 286.78bn yuan, the min­istry said in a doc­u­ment handed out be­fore a reg­u­lar brief­ing. China’s non-fi­nan­cial out­bound di­rect in­vest­ment rose 34.9 per­cent year-on-year to $35.58bn (R444.6bn) in the first four months of 2018, the min­istry added. – Reuters

US

Chinese visi­tors wear vir­tual re­al­ity (VR) gog­gles to ex­pe­ri­ence a VR game at the 21st China Bei­jing in­ter­na­tional high-tech expo in Bei­jing, yes­ter­day. The expo dis­plays high-tech prod­ucts, in­clud­ing un­manned aerial ve­hi­cles, ar­ti­fi­cial in­tel­li­gence tech­nol­ogy, vir­tual re­al­ity prod­ucts, and face recog­ni­tion tech­nol­ogy from about 1 600 high-tech en­ter­prises.

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