Central Bank Pumps US$8.3B Into Market
China’s central bank, the People’s Bank of China (PBOC), injected 55 billion yuan (US$8.3 billion) into the money market on Tuesday to ease a liquidity strain.
China
Wanda To Open Theme Park Before Disneyland’s Launch
Wanda Group will open its first outdoor entertainment complex in province of Jiangxi on Saturday. The launch of its Nanchang Wanda City looks perfectly timed by the company’s ambitious founder, billionaire Wang Jianlin, to take at least some of the thunder from its biggest potential rival.
Foxconn To Build New Huawei Smartphone Factory
Foxconn Technology Group, the world’s largest computer manufacturer and supplier to Apple Inc., is reportedly building a new factory for Huawei Technologies in southwest China’s Guizhou Province (FXI, quote).
China Protests Over US Steel Duties
China registered its “strong dissatisfaction” with the United States on Wednesday for imposing import duties of 522 percent on Chinese cold-rolled flat steel.
People Above 45 More Interested In Shanghai Disneyland
A survey studying the attraction of Shanghai Disneyland, which is scheduled to open on June 16 , has shown that people above 45 years old are the most interested in visiting the amusement park.
China Top Coal Producer Reports Less Profits in Q1
China Shenhua Energy Company Limited, the nation’s top coal producer, has said its net profits plummeted 28.3 percent year on year to 4.74 billion yuan (734 million U.S. dollars) in the first quarter of 2016.
China’s Economy Expands 6.7% In Q1 Signalling Stablization
China’s economy grew by 6.7 percent year on year in the first quarter of 2016 to reach 15.9 trillion yuan (US$2.4 trillion), according to the latest data released by the National Bureau of Statistics (NBC) on Friday.
China’s Exports Surge, Imports Dip
China’s exports in yuan-denominated terms surged 18.7 percent year on year in March, while imports dipped 1.7 percent, customs data showed on Wednesday.
Alibaba Signs Deal To Develop Rugby In China
E-commerce giant Alibaba Group Holding Ltd is planning to develop rugby on the Chinese mainland and exclusively broadcast rugby content through the online platform of its new sport division－Alisports.
China’s March Consumer Prices Up 2.3%
China’s (FXI, quote) consumer prices grew 2.3 percent in March year on year, the same as in February, according to the data issued by the National Bureau of Statistics Monday.