China Sept. FDI Up 18.9%

Finance

China Sept. FDI Up 18.9%
China attracted US$ 7.9 billion in foreign direct investment in September, up 18.9 percent year-on-year, the Ministry of Commerce said on Oct. 15.
The boost followed a 7 percent rise in August - the first for 11 months - and was the largest monthly increase this year, ministry spokesman Yao Jian told a press briefing.
Foreign direct investment in the first nine months fell 14.2 percent year-on-year to US$ 63.76 billion, he said.
Full article in Chinese: http://www.bocvip.com/2009-10-15/110282989.html

China Exports Likely to Grow in Q4
China's monthly exports are likely to grow in the fourth quarter as the global economy continues to recover and more domestic support policies are introduced, Ministry of Commerce spokesman Yao Jian told a press briefing on Oct. 15.
Exports have been falling since November 2008 due to a slump in overseas demand caused by the economic crisis.
September exports fell 15.2 percent year-on-year to US$ 115.9 billion, the smallest monthly decline this year.
From wires

Top Auditor, CBRC Conduct Risk Assessment of Banks' Trading Partners
The National Audit Office, China's top auditor, and the China Banking Regulatory Commission are conducting a risk assessment of commercial bank's trading partners, a person from a large commercial bank told Caijing on Oct. 15.
The partners include brokers, overseas investment banks, consulting houses and law firms, the source, who works in a risk management department, said.
The probe is related to losses on derivatives trading by state-owned firms, the source said.
Full article in Chinese: http://www.bocvip.com/2009-10-15/110283065.html