BEIJING: Foreign Direct Investment (FDI) into China dropped to a four year low in August, according to figures released by the Ministry of Commerce on Tuesday.
FDI – which excludes investment in financial sectors – fell 14 per cent in the month to $US7.2 billion, the commerce ministry said. FDI in the eight months since January fell 1.8 per cent on year to US$78.34 billion. The Chinese government has previously denied any link between Beijing’s multiple probes into foreign companies and falls in FDI.
A recent string of anti-monopoly investigations into foreign firms have led to complaints from the European and US business chambers that their members are being unfairly targeted. Australian companies have been spared scrutiny so far.
FBR fails to recover Rs5.62b in taxes from 106 taxpayers
LAHORE: The Federal Board of Revenue has failed to recover Rs5.62 billion in taxes from 106 taxpayers across 14 field...
