FAI in highways, waterways grows

Fixed-asset investment (FAI) in highways and waterways grew in the first five months of this year in China, recovering from a year-on-year decline of 7.8 percent in the January-April period, official data showed. Total FAI in highways and waterways amounted to 771 billion yuan ($109 billion) in the first five months of this year, up 2.3 percent on a yearly basis, according to the Ministry of Transport. Investment in highway construction stood at 718.3 billion yuan, while that on inland rivers reached 21.9 billion yuan during the period, recording year-on-year growth of 1 percent and 1.9 percent, respectively.

Foreign capital keeps flowing into nation

Foreign capital continued to flow into China as COVID-19 continued to sweep across the world, wreaking economic havoc, said a report from research firm Rhodium Group. While the COVID-19 outbreak has shrunk inbound and outbound deal volumes this year, capital flows into China have picked up every month since January. The first five months of 2020 have seen foreign merger and acquisition deals in China surpassing Chinese outbound M&A activities in both volume and value terms for the first time in a decade.

Xinhua