China's government has announced plans to remove power from the agency that oversees the country's controversial one-child policy. Observers say this could spell the beginning of the end for the rule.

China's National People's Congress convenes today as it concludes its once-in-a-decade transition of power. In his final address to the Congress, outgoing Premier Wen Jiabao set an ambitious economic growth target of 7.5 percent.

From China's new housing tax to the sequester here in the U.S., global markets have a lot of news to digest this morning.

Experts say China's hacking is motivated by the need to innovate, but many of the U.S. firms that are victims need to reconsider their response to the attacks.