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By STAFF EDITOR

Foreign direct investment (FDI) in China rose 9.9% year-on-year in the first five months of 2007, China Economy reported. China attracted almost US$5 billion worth of FDI in May – an 8.7% increase from the previous month. Foreign-funded companies accounted for 58% of China’s record US$970 billion of exports in 2006. UN statistics show China was the world’s fourth largest recipient of FDI in 2006. FDI has helped boost China’s forex reserves to US$1.2 trillion, representing over 20% of global FDI and cementing China as the world’s number one recipient.


By AMY CHEUNG
The insurance regulator has committed to open the industry further to foreign entrants. But as the Shanghai Securities Journal reports, they may still struggle to make much of an impact.

By AMY CHEUNG
Shanghai’s growing shopping queues have been attributed by commercial specialists to new retail models or new items. The fashion craze in China’s most westernized city is being led by “fast fashion” brands targeting middle class consumers. H&M, ZARA and C&A will soon be followed by NEXT and TOP SHOP. China Business News asks whether this trend will marginalize Chinese brands?

By STAFF EDITOR
Amid recent concerns over food safety, China’s farm trade appears to be reaching a balance again after several years of deficits.

By STAFF EDITOR
A survey conducted by law firm Baker & McKenzie and HR consultants Hewitt Associates finds most multinationals are not looking forward to China’s proposed new employment law, slated to take effect on January 1, 2008.  Most companies expressed concern at being able to adapt to the new changes. 

By STAFF EDITOR
Four foreign banks began offering yuan services in mainland China yesterday, and expect to win customers from their domestic rivals with stronger service offerings.

By STAFF EDITOR
Ford Motor Company will introduce new models and expand its dealership network in an effort to double sales this year—but it will not lower prices in China’s increasingly low margin auto market.

By STAFF EDITOR
Fewer Chinese households are planning to keep their main assets in bank deposits, Forbes reported, citing a central bank survey.

By AMY CHEUNG
Since Chinese New Year, queues are common at securities companies and banks as China’s masses throng to subscribe to new funds and state bonds coming into the market. Many are fully subscribed within the first working day.

By AMY CHEUNG
The wealth management, credit card, and insurance sectors have begun to launch more personalized products with slogans appealing to fashion and beauty in order to tap the growing female segment of consumers.

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