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Gilt/Bund spread breaks above the double top

OUTLOOK

Weekly Claims, Retail Sales, TIC Flows

--FDI Up 1.9% In First 10 Months Vs 1.6% Rise For Jan-Sep
     BEIJING (MNI) - Foreign direct investment (FDI) into China rose 5%
year-on-year to CNY60.12 billion in October, decelerating over the 17.3% growth
seen in September, the Ministry of Commerce said Tuesday in a statement on its
website. 
     For the first 10 months, FDI increased 1.9% on an annual basis to CNY678.7
billion, excluding investment in the financial sector, compared with a 1.6%
decrease during the first nine months, the ministry said.
     FDI in the manufacturing sector rose 6.1% to CNY195.91 billion during the
January-October period, comprising 28.9% of total FDI, compared with 7.5% growth
during the first nine months. 
     FDI in the services sector totaled CNY470.52 billion in the first 10
months, comprising 69.3% of total FDI, MOFCOM noted. 
     FDI in the high-technology services sector increased 20% year-on-year to
CNY95.01 billion in the January-October period, compared with 24% growth to
CNY91.95 billion in the first nine months, MOFCOM said. 
     FDI in the high-technology manufacturing sector grew 22.9% year-on-year to
CNY56.65 billion in the January-October period, compared with 27.5% growth in
the first nine months.
     FDI in both the high-technology manufacturing and services sectors
maintained "solid and upward momentum," the ministry said.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
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