China rewards companies for exporting auto parts to other countries, so the U.S. files a complaint with the World Trade Organization, its 15th against China.

Several major Japanese companies are shutting down some operations in China, citing concerns about the safety of their workers.

Slowing growth is leading the government to consider further measures to boost the economy, but some say once home prices pick up, spending will follow.

In China, manufacturing activity fell last month for the first time in almost a year, putting more pressure on Chinese officials to do something to stimulate the economy. Meanwhile in Europe, we learned this morning that manufacturing activity in the eurozone also fell last month, which will in turn put more pressure on the European Central Bank to do something about the ongoing crisis there.