BANKING & FINANCE

Chinese grain harvest posted its eighth consecutive increase this year but it will still failed to stabilize domestic prices as supplies continue to struggle to meet growing demand.

With world oil prices on a rollercoaster ride lately, the Chinese are more determined than ever to lessen their dependence on the precious commodity and exploit their abundant coal reserves.

With more and more foreign businesses wanting to invest and partake in Australia's huge and abundant mining industry, federal authorities are disturbed resources might all be consumed by foreign partners and none will be left for the locals to use.

China needs to re-work its economic policies and growth strategies if it wants to continue enjoying a more than 9 percent annual growth, which catapulted it to become the world's second-largest economy now, otherwise it is also doomed to suffer what the U.S. and Europe are presently experiencing.