BEIJING—China launched its second aircraft carrier—and the first one entirely home-built—taking another stride in its quest for a world-class navy that can protect Chinese economic and security interests far from its shores. The new carrier, festooned in red flags and ribbons, was transferred from dry dock into the water in a shipyard ceremony in the northeastern port city of Dalian on Wednesday, state media reported. About two...

Source: Wall Street Journal April 26, 2017 04:52 UTC