Biz China Weekly: Rural resident income, fiscal revenue, LPR, FDI, non-financial ODI

Source: Xinhua| 2021-07-25 15:59:48|Editor: huaxia

BEIJING, July 25 (Xinhua) -- The following are the highlights of China's business news from the past week:


The per capita disposable income of China's rural residents reached 9,248 yuan (about 1,426 U.S. dollars) in the first half of the year, up 14.1 percent year on year in real terms after deducting price factors.

The pace of growth of rural residents' income is 3.4 percentage points faster than that of urban residents.


China's fiscal revenue saw a year-on-year increase of 21.8 percent in the first six months of 2021.

According to data released by the Ministry of Finance, the country's fiscal revenue exceeded 11.7 trillion yuan during the period.


China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.85 percent on July 20, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 4.65 percent.


Foreign direct investment (FDI) into the Chinese mainland saw rapid growth in the first half (H1) of this year amid a string of government policies to improve the business environment.

FDI into the Chinese mainland, in actual use, surged 28.7 percent year on year in yuan terms, or 33.9 percent year on year in U.S. dollar terms in H1. The growth pace was the highest in almost 10 years, and the FDI scale hit a record high for the same period.


China's non-financial outbound direct investment (ODI) went down 3.7 percent year on year in the first half of this year.

The ODI amounted to 348.8 billion yuan during the period. In U.S. dollar terms, the ODI went up 4.7 percent to 53.9 billion dollars. Enditem