Chinese investors created approximately 1,500 jobs in the United Kingdom in the year ended March 31. That's twice the number for the previous year, despite a drop in the number of projects under investment, according to the government body, United Kingdom Trade and Investment (UKTI).
It seems more evident than ever that the Chinese economy is at a critical crossroads, with inflation soaring to the highest level in three years while other economic indicators point to a slowdown in growth.
China's foreign exchange reserves rose by a faster-than-expected 30.3 percent year-on-year by the end of June to reach $3.2 trillion, a possible indicator of an increasing inflow of "hot money", analysts said.
Sogou, the search engine unit of Chinese Internet company Sohu.com Inc is aiming to overtake Google Inc by market share in China within a year in the wake of the U.S. company's decision to pull out of the world's biggest web market.
Premier Wen Jiabao told government departments to take immediate measures to support pork production and increase supplies to prevent a surge in the price of the meat, a key factor pushing up China's inflation rate.