2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
China will keep relaxing curbs on foreign investment
On Wednesday, China removed the number of restricted items for foreign investment by nearly a third, thus enabling more access into its services, manufacturing as well as mining sectors.
According to new guidelines jointly released by the National Development and Reform Commission and also Ministry of Commerce, the country’s authorities removed up to 30 restricted items compared with the 2015 variant, leaving 63 on the list.
Restrictions raised in the manufacturing sector include those for motorcycles, rail transportation equipment, fuel ethanol and edible fats and oils.
Aside from that China will impose restrictions on foreign investment in unconventional gas and development, including shale crude, crude sands as well as shale gas.
The fresh rules are expected to take effect on July 28.
Since the end of the previous year, the Chinese government has pledged to take steps to keep opening the world's number two economy to foreign investment, providing increased access to its services manufacturing as well as mining sectors.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.