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Coal remains China's primary energy resource, and it is important to come up with sound plans for its exploitation and accelerate the development of coal transportation and power transmission channels, he said.

Concur: The Redmond maker of travel and entertainment expense management expanded its footprint in 2011, buying TripIt and London’s GlobalExpense. And CEO Steve Singh indicated that the investments would continue going into the new year, telling investors in November that great opportunities lie ahead. “In order to capitalize on the robust demand environment, we will significantly ramp our investments across the business,” Singh said. Certainly, a company to watch in 2012.

Combination of file photos show Russian President Vladimir Putin (L) at the Kremlin in Moscow, Russia, Dec 29, 2016 and US President Donald Trump at a press conference at the White House in Washington DC, the United States, on Feb 15, 2017. [Photo/Xinhua]

Compared with preferred shares, perpetual bonds have a lower cost of funds and a shorter issuance approval cycle. They are also better than tier-2 capital bonds, which have limited capabilities in improving the capital quality and optimizing the capital structure of small and medium-sized banks. Therefore, perpetual bonds are the best channel for unlisted small and medium-sized banks to replenish tier-1 capital, the primary funding source of banks, Wang said.

Compared with January, a total of 16 cities reported declines in new-home prices in February. Prices in 10 cities remained unchanged, while 44 recorded gains. The four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen saw new-home prices decline mildly ranging from 0.2 to 0.6 percentage point from a month ago, according to NBS data published on Monday.