EDM1 – Issue 163

Don’t bank on it? China’s top lenders climb the global rankings, but investors are cautious about NPLs

Plus: Citic in a hole as Pilbara mining project drags on; Beijing opts for Airbus, despite carbon tax row; and Qihoo targets Baidu in latest online struggle

Also: Baosteel launches rare share buyback; maker of fake Hermes bags sentenced to life behind bars; and at least ten dead in karaoke killings this year