BEIJING - As a vital step in easing market access for foreign investors, China has announced opening up the upstream exploration of its oil and natural gas resources by scrapping joint-venture restrictions.

China's energy mix has continued to evolve, with the share of total energy consumption for coal in 2018 hitting a historical low of 58 percent despite remaining the dominant fuel in China, said the BP Statistical Review 2019, which was released in Beijing on Tuesday.

The number of Chinese companies which made it on the Fortune Global 500 reached 129, surpassing the US for the first time as the latter country had 121 companies on the list, the magazine reported on Monday.

The Chinese economy will continue to grow, despite going through a challenging period right now, said a US businessman at the 2019 World Economic Forum's Annual Meeting of the New Champions, also known as the Summer Davos Forum, in Dalian, Northeast China's Liaoning province.

Authorities to probe illegal behavior pertaining to price manipulation

Iron ore futures fell sharply on Friday, after a top official of the China Iron and Steel Association said authorities will crack down on illegal behavior related to iron ore price manipulation.

BEIJING, June 27 (Xinhua) -- Profits of China's major industrial firms fell 2.3 percent year on year in the January-May period, the National Bureau of Statistics (NBS) said Thursday.

The decline narrowed 1.1 percentage points from the first four months, according to the NBS.

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