China Coal Energy

Import Addict: China's Pending Energy Crisis

And you thought we were dependent on foreign oil. China's nearly double-digit growth has become the envy of the world's mature economies, but all that expansion requires fuel. As a result, China is now a net importer not only of oil, but of coal as well. And the trends in Chinese energy consumption don't appear to be turning around anytime soon.

Hang Seng Rallies After Goldman's Bullish Prediction

Hong Kong's Hang Seng Index climbed 2% to 24,145 Wednesday -- a two-year high -- after Goldman Sachs predicted the index could reach 29,000 in the next year. That, combined with expectations of a new $500 billion round of U.S. economic stimulus, was good news for Asian markets.