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Top stories of the day: China macroeconomy -- Sept.17

2015-09-17 09:00

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1. The Chinese government will encourage innovative firms to cooperate with overseas companies to make better use of global resources and learn management and human resources skills. The cooperation will help Chinese firms to improve their innovation capacity and broaden development space, according to an executive meeting of the State Council chaired by Premier Li Keqiang on Wednesday.

2. China's non-financial outbound direct investment (ODI) continued to see robust growth in the first eight months of 2015 as investment to countries along the Belt and Road surges, the Ministry of Commerce (MOC) said on Wednesday. The ODI rose 18.2 percent to 473.4 billion yuan (74.3 billion U.S. dollars) during the January-August period, according to MOC spokesman Shen Danyang. In August alone, outbound investment came in at 13.5 billion U.S. dollars, up 7 percent year on year.

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