Biz China Weekly: commodities prices, non-financial ODI, foreign capital inflow

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BEIJING, Sept. 21 (Xinhua) — The following are the highlights of China’s business news from the past week:

COMMODITIES PRICES

The overall average price of commodities in China shrank 2 percent in August from the previous month and 6 percent from the same period last year, according to the China Logistics Information Center.

The average price in the January-August period went down 2.7 percent from the same period last year. The decline was 0.6 percentage points larger than that in January-July period.

PROPERTY INVESTMENT

China’s investment in property development grew 10.5 percent year on year in the first eight months of 2019, down from 10.6 percent registered in the first seven months, the National Bureau of Statistics said Monday.

NON-FINANCIAL ODI

China’s non-financial outbound direct investment (ODI) maintained steady growth in the first eight months of the year, official data showed Tuesday.

Non-financial ODI in 159 countries and regions amounted to 493.09 billion yuan (about 70 billion U.S. dollars) in the period, up 2.7 percent year on year, according to the Ministry of Commerce.

RAILWAY INVESTMENT

China’s railway investment remained generally stable in the first eight months of this year, according to official data.

Fixed-asset investment in railways totaled 449.6 billion yuan (about 63.6 billion U.S. dollars) in the January-August period, basically equal to the same period of last year, said Meng Wei, spokesperson of the National Development and Reform Commission.

FOREIGN CAPITAL INFLOW

Foreign capital inflow into China’s A-shares market remains robust since the beginning of September after major global benchmarks’ widened inclusion of A-shares.

Net foreign capital inflow reached 45.9 billion yuan (about 6.5 billion U.S. dollars) since the beginning of this month through stock connect schemes with the Shanghai and Shenzhen stock exchanges, according to a Friday report by the Economic Information Daily. Enditem