Jiang Jiemin, who was also former head of the state-owned Assets Supervision and Administration Commission was jailed for bribery, possessing a large number of assets from unidentified sources and abuse of power.  Photograph:  Bloomberg

Two senior Chinese Communist Party cadres with links to disgraced former security chief Zhou Yongkang have been sentenced to lengthy jail terms on (...)

A 2012 file photograph of Fujian province governor Su Shulin. Photograph: Reuters

The governor of China’s Fujian province is being investigated for corruption. China’s top anti-graft watchdog said Su Shulin (53), former head of the (...)

Petroceltic said the project remains on track to deliver first sales gas in the first quarter of 2018

Dublin-based exploration firm Petroceltic and its partners has awarded the drilling contract for the Ain Tsila gas field in Algeria to the Chinese com(...)

Chinese president Xi Jinping  and premier Li Keqiang  press buttons to vote during the closing ceremony of China’s National People’s Congress  at the Great Hall of the People  in Beijing. Photograph:  Feng Li/Getty Images

During the only news conference the Communist Party leadership gives on a regular basis, premier Li Keqiang used a graphic description for China’s eff(...)

Janet Yellen, chair of the US Federal Reserve, left, speaks with Mario Draghi, president of the European Central Bank, during the Jackson Hole economic symposium, sponsored by the Kansas City Federal Reserve Bank, at the Jackson Lake Lodge in Moran, Wyoming, last week. Yellen said “the labor market has yet to fully recover,” in a speech today at the Kansas City Fed’s annual conference. Photograph: Bradly Boner/Bloomberg

Asian stocks rose, extending two- week of gains, as investors weighed comments from central bank leaders for clues to monetary policy and earnings rep(...)

A man wears a mask on Tiananmen Square in thick haze in Beijing in January this year. Worsening air pollution has been cited as one of the reasons for declining tourist numbers. Photograph: Ng Han Guan/AP

Pollution is becoming a political issue in China, and the government is making a lot of noises about getting serious about resolving smog and water po(...)

 Net profit at Sinopec rose to 13.58 billion yuan in April-June from 11.09 billion yuan a year earlier. Photographer: Jerome Favre/Bloomberg

Asia’s largest refiner Sinopec posted a 22 per cent rise in second-quarter net profit, helped by better refining margins after China introduced measur(...)

Sinopec is on track to have a very good third quarter and second half as long as domestic fuel prices continue to track international crude prices closely.

Asia’s biggest refiner, China Petroleum and Chemical Corp, also known as Sinopec, posted a 24 per cent increase in first- half net income after its re(...)