Google Play app store ready to play in China. Chinese investment in the American financial sector dwarfs American investment in the Chinese financial sector. U.S.-China Joint Commission on Commerce and Trade meeting reportedly yields agreement on the protection of trade secrets and opens Chinese market further to certain types of American firms. Payoff of GlaxoSmithKline’s measures to recover from its 2014 China bribery scandal remain unclear. MOFCOM touts China’s opportunities to Japanese firms and hopes they will invest in “emerging sectors.” Premier Li Keqiang says China will invest $1 trillion overseas in the next five years. Chinese outward foreign direct investment (FDI) and contract work continues to record impressive results. Chinese firm private firm outward FDI (OFDI) shows impressive growth. Chinese OFDI in Africa, though, collapses. China promises $10 billion in infrastructure loans to Association of Southeast Asian Nation countries. Chinese train company motoring along in Malaysia. China National Corporation for Overseas Economic Cooperation fires up over Mexican energy sector investment. Chinese companies power up nuclear energy cooperation with Argentina. Japan opens its purse strings to win more infrastructure deals and counter China. Japan expresses its displeasure to Indonesia about Indonesia’s awarding of a high-speed rail contract to China. Japanese public private fund steps forward to finance Texas high-speed rail. Indonesia will act to revise its negative investment list to exclude e-commerce companies.
