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
Analysis: Bryson DeChambeau doesn't win the PGA trophy, but he does win the crowd
LOUISVILLE, Ky. (AP) — Golf is more than about winning the trophy.Such was the message from Bryson D2024-05-22EMMA COWING: A precious glimpse into the Queen's happy home
It's a picture that has been burnished into the collective memory. Queen Elizabeth II smiling, a lit2024-05-22Lucy Hale reveals what her current equation is with her Pretty Little Lies co
Lucy Hale has revealed what her current equation is with her old co-stars on Pretty Little Liars, th2024-05-22Amazon ordered to pay $525million to tiny Chicago
Amazon has been ordered to pay a tiny Chicago-based tech company $525million in patent infringement2024-05-22Mauricio Pochettino leaves Chelsea after one year as manager of the Premier League club
Mauricio Pochettino has left Chelsea by mutual consent, the Premier League club said Tuesday.Pochett2024-05-22- washington —Washington and Tokyo are gearing up to unveil plans to restructure the U.S. military com2024-05-22
atest comment