China's workforce: smaller, more savvy, more restive


SHANGHAI - China's workforce is growing more restive as it shrinks.


China's Xi purging corrupt officials to put own men in place - sources 16 Apr 2014

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.


Shares rally on China growth relief; dollar slips 16 Apr 2014

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.

World economy on steady course at best, China a worry, polls show 16 Apr 2014

- 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.


China first-quarter GDP at 18-month low, to cut reserve ratio for small banks 16 Apr 2014

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.


CITIC Pacific in $36.5 billion deal to buy parent's main business 16 Apr 2014

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.


Burberry revenue jumps, sees profits hit by strong pound 16 Apr 2014

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.


China shadow looms large over bid to scrap Tiananmen crackdown museum in Hong Kong 16 Apr 2014

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.


China denies U.S. warning of undervalued currency 16 Apr 2014

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.


Small is beautiful for Coca-Cola as volumes soar in China 16 Apr 2014

- 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.

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