IN BRIEF

Liquidity crunch ruled out amid cash squeeze

BEIJING - Chinese financial markets may be in for a month of cash squeeze pressure in June but a liquidity crunch is unlikely to happen.

Baijiu maker moves upmarket to boost profit

Shuijingfang, a Chinese baijiu maker, aims to move upmarket to expand the brand with new investment and increased marketing.

Stocks gain as companies urge workers to buy shares

SHANGHAI - Chinese mainland stocks rose on Wednesday as a growing number of listed firms encouraged employees to buy shares, and as the central bank injected more funds into the banking system to ease fears of a midyear liquidity crunch.

Big data takes byte out of lunch

Millions of rural students in China are receiving free school meals as part of a central government plan to ease poverty.

Ping An invests $1.4m to aid poor children

A major Chinese insurance company has launched a 10 million yuan ($1.47 million) online educational site to help schools in poor areas of the country.

Blink and the elderly get their pensions easier

A pension revolution has been rolled out to help up to 260,000 retired people in Shenzhen.

IN BRIEF

CRRC on the fast track for global expansion

China Railway Rolling Stock Corp, the country's railway vehicle manufacturer, plans to establish 11 regional branches throughout the world by 2020 and further target key markets including Europe, North America, Russia and Central Asian countries, said a top executive.

New standards to boost upgrade

China unveiled two national standards on Wednesday, to guide enterprises to efficiently leverage information technology in industries, as the country steps up efforts to boost the competence of its sprawling manufacturing sector.

Push being made for new momentum in AI progress

China is ramping up its efforts to develop artificial intelligence in manufacturing to boost its productivity as well as create new momentum in the future market, an official at the Ministry of Industry and Information Technology said.

Reforms, growth to drive up the yuan

Beijing's efforts to guide a stronger yuan have helped boost the currency, but only increased economic growth driven by sustained efforts to press ahead with reforms will be able to sustain this trend, according to analysts.