Online Ad Revenue Jumps 64% in Q2
Revenue from online ads in China grew 64.2% year on year to ¥18.93 billion in Q2 2012, according to iResearch. Pop up ads from search requests continued to take the lion's share of the market with 36.3%.
Power Usage Rises 5.5% in 1H
China's electricity consumption rose 5.5% year on year to 2.38 trillion kW hours in 1H 2012, the China Electricity Council said. The rate was 6.7 percentage points slower than in 1H 2011 as the nation's Q2 economic growth recorded its slowest pace in three years. The council predicted year-round electricity consumption would grow 6% to 7% to between 4.98 trillion and 5.03 trillion kW hours.
China to Step Up Investment in Railroads
The Ministry of Railways has raised the target for this year's infrastructure investment by ¥64 billion to ¥470 billion in order to spur economy growth. Total fixed asset investment in China's massive rail network will amount to ¥580 billion, up from the original ¥516 billion, the ministry's ¥27 billion bond prospectus showed.
$1 = ¥6.33