China's non
(ECNS) -- China's non-financial outbound direct investment rose 16.7 percent in RMB terms last year, said Wang Wentao, minister of Commerce at a press conference on Friday.
China's total retail sales of consumer goods hit a record high, while final consumption expenditure contributed 82.5 percent to China's annual economic growth in 2023. The market share of global goods exports remained stable at about 14 percent. The actual use of foreign capital soared to the third highest in history in terms of two-way investment last year. Overall, China's economy maintained stability in these areas and made positive contributions to the economic recovery in 2023, Wang said
The annual growth rate of online retail sales grew 11 percent, continuing a rapid growth, and annual growth rate of retail sales of services surged 20 percent last year, according to the minister.
China's import and export of intermediate goods accounted for 61.1 percent of the total foreign trade value, which remains at a historically high level. The imports and exports by private enterprises accounted for 53.3 percent of the total value of the imports and exports, increasing 3.1 percent last year.
In the e-commerce sector, the online retail sales of physical goods accounted for 27.6 percent of China's total retail volume, including a 19.6 percent increase of cross-border e-commerce exports last year. The number of newly-established foreign invested companies in China soared by 39.7 percent, showing their confidence in the future of China's economy.
China and four other countries signed free trade agreements to further opening up in 2023.
Related articles
Ricky Stenhouse punching Kyle Busch could lead to suspension
NORTH WILKESBORO, N.C. (AP) — Ricky Stenhouse Jr. threw a right hook at Kyle Busch, and suddenly, an2024-05-21Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
CAIRO (AP) — Human rights experts working for the United Nations on Monday urged Yemen’s Houthi rebe2024-05-21Kate Hudson hits the stage to debut songs from her new album Glorious at star
Kate Hudson looked like a pro as she performed songs from her new album Glorious for the first time.2024-05-21'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
CHICAGO (AP) — The road for Shota Imanaga from Japan to the major leagues included at least one shar2024-05-21Jon Wysocki dead at 53: Staind drummer passes away
The music world is in mourning this Sunday, with word that original Staind drummer Jon Wysocki passi2024-05-21Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
ROME (AP) — Pope Francis has added a stop in Luxembourg to a trip to Belgium in September, a three-d2024-05-21
atest comment