介绍:
China Raises Retail Oil Prices
China's top economic regulator has raised the retail prices of gasoline and diesel today.
The retail price of gasoline will increase by 300 yuan or 49 U.S. dollars per tonne and diesel by 285 yuan.
This means the benchmark retail price of gasoline will increase 0.22 yuan per liter and diesel will increase by 0.24 yuan.
The adjustment, which will come into effect this Saturday, follows a previous raise on April 11.
It comes as international oil prices have risen on concerns of a possible acceleration in global oil demand, a lower-than-expected inventory increase in the United States and tensions in the Middle East.
The National Development and Reform Commission reduced oil prices twice in January, raised prices twice in February and then cut prices once in March.
China Employment Growth Slows in New Precedent
New figures show growth in the number of people employed in China's urban areas slowed in the first quarter of this year, the first time that has happened since the global financial crisis.
Stats from the Ministry of Human Resources and Social Security (MOHRSS) shows China's employed urban population in the first quarter grew by more than 3.2 million, which is 200-thousand less than the same period last year.
By the end of March, China's registered urban unemployment rate stood at 4.05 percent, lower than the 4.08 percent registered in the first quarter of last year.
The data also shows that the gross revenue of social insurance funds increased about 15 percent year on year to over one trillion yuan in the first quarter.
Gross expenditure totaled about 855 billion yuan, up some 17 percent from a year ago.
Beijing, Shanghai, Guangzhou No Longer Top Spots for Chinese Job Seekers: Report
Anchor:
Chinese job seekers have welcomed another job-hunting season this spring. A recent job report has found most seekers in China no longer favor Beijing, Shanghai and Guangzhou as the top three spots to find work.
CRI's Chloe Lyme has the details.
Reporter:
The employment report released by China's largest recruitment site, zhaopin.com, is based on an index which looks at job supply and demand in the country's labor market.
On a national level, first-quarter job vacancies received an average of 26.1 resumes, down from 45.2 in the same period last year.
Job seekers no longer prefer to work in the most developed cities, including Beijing, Shanghai and Guangzhou, which are off the top five attractive-cities list.
Second-tier cities such as Chengdu, Xi'an and Shenyang have become more popular for their vast development potential.
Analysts say the growing stress of life and work, deteriorating environments, and restrictions on buying properties and cars have made first-tier cities less appealing for job hunters.
As to the types of companies job seekers consider as priorities, the report reveals that most of them are willing to work for state-owned enterprises, public institutions and foreign-funded companies.
In terms of industries, jobs in insurance companies, intermediary services and health services are unpopular among job seekers due to stereotypes within those sectors.
Experts from Zhaopin.com advise job seekers to consider micro-enterprises where requirements are less demanding and more opportunities are provided for career advancement.
For CRI, I'm Chloe Lyme.
Chinese Banks See Record Forex Outflow in Q1
New figures are suggesting there has been a run on foreign exchange in China through the first quarter of this year.
Data from the State Administration of Foreign Exchange show China's central bank and commercial banks have posted a 91-billion US dollar deficit in foreign exchange settlement from January to March.
That's nearly double the deficit seen through the previous quarter.
The State Administration of Foreign Exchange says nearly 66-billion US dollars left Chinese banks in March alone.
Guan Tao with the Administration says the outflow of foreign currency has been expected.
"The current capital outflow is an adjustment that falls into our expectations. We shouldn't simply see it as capital flight that involves the violation of laws or rules, or secret capital flight. This kind of adjustment is predictable. It reflects normal financial operations in the market."
Regulators say the appreciation of the US dollar and the overall slowdown of the Chinese economy are the main reasons for the outflow of foreign capital.
ICBC topples Wells Fargo as world's most valuable bank
According to a report from Bloomberg, Industrial & Commercial Bank of China (ICBC) is now the world's most valuable bank, winning its duel with Wells Fargo & Company.
Wells Fargo is an American multinational banking and financial services holding company which is headquartered in San Francisco, California.
ICBC's market capitalization was $315 billion on Thursday, 11 percent more than Wells Fargo.
The report says Chinese banks' gains may be getting support from policies of monetary easing, lowering their funding costs and limiting bad loans.
China has cut interest rates and lenders' reserve requirements twice since November.
ICBC reported a net profit increase of 5.1 percent year on year to 276.3 billion yuan or $45.3 billion in 2014.
The bank's total assets also hit 20.6 trillion yuan, up 8.9 percent year on year.
ICBC now has become the largest bank in the world by both total assets and market capitalization.
Apple Watch on Sale in China
The Apple Watch officially goes on sale today in the US, Chinese mainland and seven other countries and regions. .
There are three versions of the watch: Apple Watch, Apple Watch Sport and Apple Watch Edition.
The Sport collection is priced under three thousand yuan, about 400 US dollars, while the Watch starts from $549 and the Edition starts at 10-thousand U.S. dollars and features rose or yellow 18-karat gold alloys.
It is expected to do well in China, where sales of knock-off versions began soon after Apple's unveiling of the gadget in March.
Apple says that there will be no in-store stock on the launch day, and that in-store purchasing at Apple locations won't be available until around June.
Customers can now only purchase the smartwatch online or by reservation in Apple retail stores and from resellers in their regions.
大家还在听
