China's coal consumption falls for 3rd year in a row

BEIJING, China - China's consumption of coal fell in 2016 for a third year in a row, official data showed Tuesday, as the world's top polluter increasingly grapples with its massive pollution challenges. The National Bureau of Statistics said coal ... ( read original story ...)

China arrests 800 in crackdown on underground banking

BEIJING, China - More than 800 people have been arrested in a crackdown on unlicensed banking operations as Beijing tries to stem outflows of money from the country, the police ministry says. More than 380 underground banks that handled transactions ... ( read original story ...)

China to stabilise, further open markets

BEIJING • China will focus on the stable development of its capital markets this year, but will press ahead to further open its markets to foreign companies, the top securities regulator said yesterday. "We will not waver from reforms to make China's ... ( read original story ...)

Buy AIA For Its China Growth: Credit Suisse Upgrades

Insurer AIA Group (1299.Hong Kong) has seen spectacular business opportunities in China, growing its new businesses there by 41% annually since 2010. Last year, AIA managed to grow the value of new business, a metric used in the insurance industry to ... ( read original story ...)

State-run oil giant taps China's vast geothermal reserves

BAODING, China -- Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost mile deep holes are providing clean heat for ... ( read original story ...)

China Bank nets P6.45B

Sy family-led China Banking Corp. grew net profit last year by 15 percent to P6.45 billion on higher interest earnings, fee-based revenues and treasury gains. Reporting sustained growth in core businesses across all market segments, China Bank disclosed to ... ( read original story ...)