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BEIJING - Profits of Chinese coal producers nearly quadrupled last year as the country's ongoing capacity cut prompted a recovery in coal prices, a report said.

BEIJING - When Reginald Johnston, a British scholar, first walked into the Forbidden City in the spring of 1919, the vast walled enclosure in the heart of Beijing was "in the strictest sense 'forbidden' to all the world except those who had the entree."

BEIJING -- China's central bank governor has called for continued efforts to expand the opening-up of the country's financial sector in a proactive and orderly manner.

BEIJING - Once again it is time for reflections and resolutions. For China, which sailed through a difficult year safe and sound, and with government promises of a more efficient and open economy, the country is ready to start a new journey.

BEIJING - The Asian Infrastructure Investment Bank (AIIB) announced Wednesday that its board of governors has adopted resolutions approving applications from Papua New Guinea and Kenya to join the bank, bringing its total approved membership to 86.