FILM

Sony Pictures Television and Youku, China's largest Internet television company, signed a five-year deal on Tuesday that will bring 300 films from the Sony catalog to Youku. [CRI]  

BUSINESS

China's economic future is at stake as the transition of power from Hu Jintao to Xi Jinping begins. Xi has big shoes to fill considering that under Hu the economy quadrupled in size in dollar terms. [Bloomberg]