During the recent press conference that took place earlier this morning in Beijing, the head of the Chinese department of commerce told the audience that the country's direct non-financial foreing investments increased by 47,2% up to $7,23bn in January 2014 (y/y).
In particular, China invested in 865 companies from 128 countries around the globe. The biggest investment targets are Japan and Russia. The list of other countries China invests in is the USA, the EU, Australia, Hong Kong and some countries that belong to the Asian-Pacific region.
All in all, in 2013 China boosted its direct non-financial investments by 16,8% up to $90, 17bn as compared to 2012.
In the meantime, the Chinese Yuan (also known as the Renminbi) is showing signs of weakness as USDCNY is rallying while trying to recover from the recent downtrend. At this point, the price has already hit 6,0915. If the price continues its rally while the Renminbi is weakening, the next closest level of resistance to face is 6,1055. Still, if the price goes back and breaks below 6,0580, the Yuan will resume its strengthening against the US Dollar.
