Oil im­ports surge in Aprilon sea­son­alde­mand, stor­age

China Daily (Canada) - - BUSINESS -

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 .

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