Robust investment backed by stimulus spending will likely help China’s economy to expand 7 percent in the second quarter, showing the economy may be rebounding from the financial crisis, a government-affiliated think tank said in a report published Monday

The Shanghai Auto Show, once a venue for the West to show off its cars to a country still relying on bicycles, is now a showcase for China’s own industry as it overtakes the U.S. in market size.

International automakers are converging on China’s commercial capital for a show that, once marginal, is now a key showcase _ and battleground _ for the world’s only major growing car market.

As ailing global automakers agonize over their survival strategies, China’s upstarts are racing them to launch homegrown hybrid and electric vehicles in the only major market that is still growing.

China’s latest economic data just came in, and the signs are encouraging.

Shanghai’s food and drug safety agency says it is testing Johnson & Johnson baby products following allegations they contain potential carcinogens.

Most Asian and European markets rose modestly Wednesday after an overnight surge on Wall Street, while Tokyo shares were buoyed by fresh support for the wobbly financial system from the Japanese central bank.

Asian markets edged higher Wednesday after an overnight surge on Wall Street, lifted by better-than-expected U.S. housing data. But some analysts say the rally is losing steam amid doubts about the outlook for the global economy.

Asia’s stock market rally seemed to be running out of steam Wednesday, despite an overnight surge on Wall Street, as investors cashed in on recent gains amid persistent doubts about the outlook for the global economy.

Exxon Mobil Chemical Co., one of the world’s biggest petrochemical companies, said Tuesday it plans to build a technology center in Shanghai to support its business in the region.