China resolutely opposes a probe by the U.S. International Trade Commission (ITC) into complaints of trade secret thefts by Chinese steel companies and will encourage its firms to legally defend themselves, China's commerce ministry said on Friday. Full Story

China regulator to launch drug pricing probe in June

China will carry out wide-ranging pricing inspections on drug firms, hospitals and procurement bodies from June 1. Full Story

Microsoft to end smartphone manufacturing: union

Microsoft announced Wednesday it would let go up to 1,850 employees and a Finnish union called it the end of the company's smartphone manufacturing business. Full Story

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