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Box Office Takings to Top ¥20b
Revenue from China's film industry is expected to total ¥29 billion this year, including ¥20 billion from box office earnings, according to EntGroup, a Chinese consultancy. The numbers were ¥17.8 billion and ¥13.12 billion respectively last year.
Check on Railway Investments Eased
Fixed asset investment in China's railroads fell 48.3% year on year to ¥89.6 billion in the first four months of 2012, Ministry of Railways data show. The deceleration moderated from a 51% drop between January and March, indicating a turnaround in the industry.
Annual Offshore Investment to Top $150b by 2015
China's direct offshore investment will likely grow 17% annually to $150 billion by the end of 2015, the Ministry of Commerce said. The nation's non-financial investment surged 72.8% year on year to $23.16 billion in the first four months of 2012.
Big Four Banks Lend ¥263b in Apr
China's four largest state-owned banks lent ¥263.3 billion in April, taking their combined outstanding loans to ¥24.19 trillion, central bank figures show. Their combined deposits decreased by ¥1.04 trillion to ¥39.82 trillion as of the end of the April.
China Remains US's No 1 Creditor
China remains the largest foreign US creditor, adding to its holdings in March as the US Treasury's 10-year note yield reached its highest level since October, Bloomberg reported. China's holdings rose by 1.3% to $1.17 trillion, US Treasury Department data show. The 10-year Treasury yield touched 2.4% on March 20, after ending 2011 at 1.88%.
$1 = ¥6.32
@2011 China Economy @ The China Perspective.
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