Caijing

A financial journalist has "confessed" to causing "panic and disorder" on China's stock market and inflicting "huge losses on the country", state media reported on Sunday.

Fallen high-flyer Bo Xilai can expect hotel-style treatment at a jail for China's political elite, where he will enjoy comfortable surroundings but be constantly monitored by government agents, former prisoners say.

China's official purchasing managers' index (PMI) rose to a 13-month high in April, signalling the economy has found a footing and may be recovering from a first-quarter trough, but smaller factories are still struggling. The improvement in manufacturing likely reflected restocking after a slow winter.

A financial journalist has "confessed" to causing "panic and disorder" on China's stock market and inflicting "huge losses on the country", state media reported on Sunday.

Fallen high-flyer Bo Xilai can expect hotel-style treatment at a jail for China's political elite, where he will enjoy comfortable surroundings but be constantly monitored by government agents, former prisoners say.

China's official purchasing managers' index (PMI) rose to a 13-month high in April, signalling the economy has found a footing and may be recovering from a first-quarter trough, but smaller factories are still struggling. The improvement in manufacturing likely reflected restocking after a slow winter.