CHINA will hit "outdated" highly polluting industry with a big electricity price surcharge as part of a push to dramatically slow the growth of the country's greenhouse emissions over the next five years, a senior Chinese official has said.

China has said that the Dalai Lama's announcement that he will give up his political role is a trick.

FORMER presidential candidate John McCain has declared that Australia and the US should ensure that an increasingly assertive China observe basic principles such as "freedom of the seas".

IN THIS week's exhilarating shares race, David Potts - winner of battle to end all battles last week - is again in front, with another healthy handful of resources and energy companies. He definitely believes the China story.

CHINESE media yesterday praised Li Na for blazing a trail as the first Asian woman to reach a grand slam final, despite her three-set defeat in the Australian Open final.