SHANGHAI - China's workforce is growing more restive as it shrinks.
BEIJING - Chinese President Xi Jinping plans to use a purge of senior officials suspected of corruption to put his own men and reform-minded bureaucrats into key positions across the Communist Party, the government and the military, sources said.
NEW YORK - Global equity markets advanced broadly on Wednesday after China reported growth that beat expectations, providing relief to investors worried about the Chinese economy, while the dollar eased on the growing view the Federal Reserve will keep interest rates lower than normal for a few years.
- The world economy can expect steady growth at best over the coming year, but any rapid slowdown in China as it tries to rebalance its economy could upset the still-unsteady progress, Reuters polls showed.
BEIJING - China's economy expanded 7.4 percent between January and March, its slowest pace in 18 months, prompting authorities to act for the second time in as many weeks to shore up growth.
HONG KONG - China's CITIC Pacific has agreed to buy the main operating unit of its parent, state-backed CITIC Group, for $36.5 billion (21.7 billion pounds) in a stock and cash deal aimed at diversifying its metals and mining business.
LONDON - British luxury goods group Burberry shrugged off industry jitters about slowing growth in China to post a 19 percent rise in second-half revenue, reiterating that the greatest risk to its profits was the strengthening pound.
HONG KONG - A planned museum dedicated to the brutal crackdown on China's Tiananmen Square pro-democracy protests has run into a legal challenge in Hong Kong that some say is motivated by pro-China interests ahead of the 25th anniversary of the bloodshed.
BEIJING/WASHINGTON - China rejected on Wednesday a warning from the Obama administration that its currency was too weak, urging the United States to recognise that China aims to "perfect and regulate" the exchange rate system.
- Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world's second largest economy.
The criminal complaint against Ross William Ulbricht, known as "Dread Pirate Roberts."