China'S PMI Data Show That Manufacturing Is Expanding But Slowing Down.

It shows the tightening measures adopted by China earlier this year, and

Floods in Pakistan have killed more than 1000 people

The Dow Jones newswires reported that at least 1100 people were killed in the flooding in northwestern Pakistan. Rescuers are struggling to find thousands of trapped people.

Pakistan's chief military spokesman Abbas (Athar Abbas) said that about thirty thousand of the soldiers were involved in the rescue work, but the serious damage to the pport infrastructure affected the rescue work.

Torrential floods destroyed roads and bridges, and severed thousands of villages in remote mountainous areas from outside.

China's tax revenue grew by 31% in the first half of the year.

China's Ministry of Finance said last Friday that China's total tax revenue in the first half of this year was 38600 yuan (US $569 billion 700 million), an increase of 31% over the same period last year, partly due to the strong growth of China's economy.

In 1-6, the domestic value-added tax was completed by RMB 10400 billion, an increase of 13% over the same period last year.

In the first half of this year, the domestic consumption tax finished 312 billion 820 million yuan, an increase of 42% over the previous year.

In the first half of this year, the domestic vehicle purchase tax finished 82 billion 570 million yuan, up 60% from the same period last year (the news comes from Dow Jones).

Japan's big purchase of Japanese national debt is mixed

Statistics released by the Ministry of Finance show that China's investment in Japanese government bonds is expanding rapidly.

China's securities investment in Japan only reached 12762 billion yen (about 100 billion yuan) from 1 in 2010 to May.

In 2005, China's net purchase amount reached 253 billion 800 million yen, a record high, and this year far exceeded this figure in less than half a year.

The latest figures show that net purchases in May amounted to 735 billion 200 million yen, the highest in a single month.

Most of them are short term bonds within 1 years.

Analysts believe that because of worries about European finance, China has used huge foreign exchange reserves to hold relatively stable Japanese bonds.

In this regard, the Japanese government, on the one hand, feels that China is a well capitalized buyer, giving a certain high praise, but at the same time, it thinks that this may be only a temporary move. It is cautiously analyzing the intention and trend of China's increase in Holdings (the news comes from Kyodo).

British manganese copper sets 20 million shares to Geely

In an interview with Reuters on Friday, John Russell, executive director of Manganese Bronze, a black cab manufacturer, said that the company will issue 20 million shares to China Geely Automobile, and the agreement will be reached in a matter of weeks.

Manganese copper has been looking for financing. Since March, it has been discussing the issue of placing 20 million shares to Geely Automobile.

John Russell said he believed that it would take weeks instead of months to reach an agreement (the news came from Reuters).

Disney sold his film company Miramax for $660 million.

Disney sold its film company Miramax to Filmyard holding company for $660 million.

Disney said the Filmyard holding company includes construction industry tycoon Ron Tutor, investment company Colony Capital and some individuals.

The sale includes the copyright of more than 700 films owned by Miramax, including Oscar, Chicago, Shakespeare in Love, No Country for Old Men, and so on. The winning film is from Reuters (Reuters).