Oil imports surge in Aprilon seasonaldemand, storage
China’s crude imports rose more than 20 percent year-on-year in April to a record high of 27.88 millionmetric tons, data showed on Thursday, helped by higher seasonal demand and indications of stockpiling. As refineries cut production during the peak maintenance season, the strong crude imports suggest some of the oil went straight into storage. Huayi BrothersMedia Group, one ofChina’s leading private film production companies, released its production schedule for this year and next on Thursday. Huayi will release 14 movies this year, covering a wide range of subjects and genres, including comedy, romance, animation and crime suspense. It willmake 18 newfilms in 2015, when it will work with the most directors and produce the largest volume in its history. Ltd, an online travel agency based in Suzhou, Jiangsu province, launched a promotion on Thursday that will cost it 100 million yuan ($16 million). The company recently got a $220 million investment from Ctrip.com International Ltd, the largest online travel agency in China. Through Tongcheng’s promotion, consumers can buy tickets for just 1 yuan to more than 200 domestic scenic attractions, saidWu Zhixiang, chief executive officer of Tongcheng .