China's Manufacturing Expanded in December
China's manufacturing activity bounced back in December as its official purchasing managers index rose to 50.3, up from 49 a month earlier, according to the China Federation of Logistics and Purchasing. The non-manufacturing index climbed 6.3 points to 56 in December.
Wen Warns of Tough Q1
During his visit to Hunan province, Chinese premier Wen Jiabao said business conditions would be difficult and monetary policy would be fine-tuned in Q1 2012.
Fast Growth Forecast for China's EMS
Revenue from China's express mail services is expected to grow 20% annually to ¥143 billion and the number of parcels delivered will grow 21% annually to 6.1 billion by the end of 2015, China Post predicted. The industry is expected to employ one million people by then.
Over ¥15t of Wealth Products Sold in 2011
Chinese banks sold ¥15.53 trillion worth of wealth management products in 2011, more than double the amount sold in the year before, according to Financial Times China. Such products reported an annualized yield of 4.14% in Q1-Q3 2011, well above the benchmark one-year deposit interest rate.
Shanghai Disneyland to Break Ground in Apr
Walt Disney Co's (NYSE: DIS) theme park in Shanghai is expected to create 20,000 to 30,000 local jobs and begin construction in April, according to the Shanghai government.
$1 = ¥6.3