After finding support at 6.5500 the pair moved higher to test the 6.6000 handle, but has yet to manage a clear break and a hold above on a daily close basis. In fact, the pair has failed to hold above the level for two consecutive days since February. The pair continues to test higher as the price pivots around the 6.6000 level while appearing to find short term support at 6.5880, in turn creating a situation in which the price trades ...
Chinese mobile phone retail channel provider D.Phone and Letv have reached a strategic deal with total value of CNY2 billion. The two parties plan to enhance their alliance in various sectors, covering Letv's second-generation super phones, mobile TV services, membership promotions, Letv's ecosystem experience stores, and customer service. During 2016, D.Phone will sell one million Letv super phones, 200,000 Letv super TVs, and 200,000 ...
China Oil Imports Rise as Teapot Refinery Demand Overwhelms Port Oil imports by China, the world’s biggest consumer after the U.S., rebounded amid strong buying by independent refiners that have helped push the country’s crude demand to a record and overwhelmed one of the country’s biggest ports with tanker traffic. Inbound shipments during April totaled 32.58 million metric tons, data from the Beijing-based General Administration ...
Chinese online travel website Ctrip.com and low-cost airline China Eastern Airlines signed a strategic cooperation framework agreement under which Ctrip promised to invest CNY3 billion to subscribe to non-public offering A shares of China Eastern Airlines. At present, China Eastern Airlines' valuation is about CNY87 billion. Based on this calculation, Ctrip will hold a 3.45% stake in China Eastern Airlines. According to the strategic ...
The Chinese government has the strongest position to be able to truly legitimize the sharing economy. Instead of being seen as a threat or as a simple acquisition by other large businesses and governments, the Chinese have so far hastily embraced the growth the sharing economy brings to its service industry. While facing multiple challenges, the sharing economy will be able to thrive, and it must do so in China by encouraging regulation and cooperation, ...
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