News » In the first eight months, FDI dropped 0.2

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NEW YORK Mark Scheifele Jersey , Sept. 13 (Xinhua) -- Oil prices climbed on Wednesday, as the International Energy Agency (IEA) reported a surplus of crude supply was starting to decline.


The report said global oil demand grew very strongly year-on-year in the second quarter of 2017, by 2.4 percent. The demand growth of the Organization for Economic Cooperation and Development (OECD) continues to be stronger than expected, particularly in Europe and the United States.


Global oil supply fell in August due to unplanned outages and scheduled maintenance Josh Morrissey Jersey , mainly in non-OPEC countries, which is the first decline in four months.


However, U.S. data showed a big increase in crude inventories due to the ongoing effects of hurricane.


Crude oil inventories rose by a smaller-than-expected 5.9 million barrels in the Sept. 8 week to 468.2 million, 2.5 percent below their level a year ago Joel Armia Jersey , the Energy Information Administration (EIA) said in its weekly report Wednesday.


The West Texas Intermediate for October delivery was up 1.07 U.S. dollars to settle at 49.30 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery rose 0.89 dollar to close at 55.16 dollars a barrel on the London ICE Futures Exchange.


China, Brunei to boost ties


China-ASEAN Expo joined by exhibitors from countries along Belt and Road


Fire drill held in S China's Guangxi


Aerial view of villages in N China's Shanxi


China, Pakistan air forces hold joint training exercises


Pic story: Chinese grape and wine expert


Farmers busy with farm work around Bailu across China


Rural children take free lunch in SW China's Guizhou


BEIJING Connor Hellebuyck Jersey , Sept. 15 (Xinhua) -- China will further open industries including the financial and new energy vehicle sectors to foreign investment in the second half of this year, the country's top economic planner said Friday.


Meng Wei, spokesperson with the National Development and Reform Commission (NDRC), revealed the decision when commenting on China's business environment and recent foreign investment trend at a press conference Michael Hutchinson Jersey , without giving further details.


Foreign direct investment (FDI) into the Chinese mainland rose 9.1 percent year on year to 62.52 billion yuan (9.6 billion U.S. dollars) in August, according to official data.


In the first eight months, FDI dropped 0.2 percent year on year to 547.94 billion yuan.


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