介绍:
China c.bank says supporting "reasonable" growth in credit, social financing
China's central bank says it will maintain "reasonable" growth in credit and social financing and improve credit structures to prevent systemic and regional financial risks.
The People's Bank of China also says China's regional economies are expected to remain stable, but attention to potential risk in the financial sector is needed.
The central bank blamed some low-efficiency industries and companies for "crowding out" funding for small firms, pledging to improve liquidity and risk management.
Alibaba invests big in media company
Chinese e-commerce firm Alibaba has become the largest shareholder of Hong Kong-listed China Vision Media Group, or CVMG.
Alibaba paid over six billion Hong Kong dollars, or nearly 780 million US dollars, for nearly 60 percent of CVMG's shares.
The company will be renamed "Alibaba Film Group."
Liu Chunning, Alibaba Group vice president, will serve as the president, while Dong Ping, CVMG's former president, will become adviser to the company.
And Chinese action movie star Jet Li will act as independent non-executive director.
CVMG has previously invested in the movies of Hong Kong film directors Wong Kai-wai and Peter Ho-sun Chan, as well as Hong Kong actor Stephen Chow.
Alipay and US Startup Stripe strike payments agreement
Alipay and US startup Stripe have struck a deal to allow Chinese buyers to pay for purchases on the U.S. service.
Alipay handles about half of all online transactions in China.
It used to be part of Chinese e-commerce giant Alibaba before it was split off.
Alipay users can now enter their email address and a six-digit SMS code to buy things from companies that use Stripe to process payments.
Stripe says the deal will let its own customers more easily handle purchases from the world's second largest economy.
Q&A on HSBC Flash China PMI at seven-month high
Anchor:
HSBC's preliminary reading for the Purchasing Managers' Index in the manufacturing sector is showing expansion.
The flash PMI has come in at 50.8, which is the first time the PMI for manufacturing has shown expansion in 6-months.
Last month's HSBC PMI reading came in at 49.4.
50 is the cut-off line between contraction and expansion.
For more on the PMI readings, CRI's Paul James spoke earlier with Benjamin Cavender, principal at China Market Research in Shanghai.
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Back anchor:
Benjamin Cavender, principal at China Market Research in Shanghai.
South African miners return to work after wage deal
Thousands of miners at South Africa's biggest platinum mining firms have returned to work, a day after unions signed a wage deal to end a five-month strike.
Anglo America Platinum, Impala Platinum and Lonmin say it will be "some time" before they resume full production.
The firms estimate the strike has cost them more than 24 billon rand, or over 2 billion US dollar, while employees have lost more than 10 billion rand in wages.
Employees say they are pleased to be returning to work.
The wage deal will see the salaries of the workers rise by about 1,000 rand a month each year until 2017.
Staff will also receive additional benefits such as pensions, housing and health insurance.
Although not all workers will reach 12,500 rand a month as they originally demanded under the new three-year deal, the outcome has still been described as a victory.
Etihad agrees to take 49% stake in Alitalia
Abu Dhabi's state-owned Etihad Airways says it has agreed to terms and conditions for its purchase of a 49 percent stake in Italy's Alitalia.
The two airlines say they will now move to finalise the deal "as soon as possible".
Alitalia, which has debts of about 800 million euros, has accepted Etihad's offer to invest in the company.
The deal still needs regulatory approval before it can go ahead.
The Italian airline said earlier that the Etihad investment was "an excellent outcome" and would "provide financial stability".
Etihad says the deal would give more choice to air travellers into and out of Italy.
Australia cuts 2015 iron ore, met coal price forecasts
Australia has revised down its 2015 iron ore and metallurgical coal price forecast from 100 dollars to 95 dollars.
The move comes as rising output of two of the country's biggest export earners outstrips demand.
It says although steel production in China is forecast to increase next year, competition among iron ore exporters is expected to intensify.
The warning comes a day after the world's biggest miner, BHP Billiton, said it was looking at more job cuts at its Australian iron ore division.
