- China drew a record US$63 billion (RM220.9 billion) in foreign direct investment (FDI) in 2006,up 5% from 2005;
- investment overseas by Chinese firms rose 32% from a year earlier in 2006,to US$16.1 billion;
- China‘s economy grew by 10.5% in 2006,notching up double-digit growth for the fourth year in a row;
- GDP value in 2006 has exceeded 20 trillion yuan (RM9.01 trillion) with a growth rate of 10.5
- recorded trade surplus for 2006 of US$177.5 billion (RM623.86 billion).
- its overall balance of payments surplus is around 10% of GDP,
(The Edge,Malaysia (1/07))
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FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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