China's $586 billion stimulus package will focus on everything from construction to tax reform. Scott Jagow talks to Scott Tong in Shanghai, who says China needs all of this to keep up with its domestic growth.
China's tainted food has moved further up the global food chain to include animal feed. Over the weekend, Chinese authorities said they're intervening massively to clean it all up. Scott Tong has more from Shanghai.
The Hong Kong, Philippines and Japanese markets today reached considerable lows. Bill Radke talks to Scott Tong in Shanghai, who explains why the psychology of the drop is based on global co-dependence.
With almost $2 trillion in foreign reserves, China has the power to be a big help out of financial turmoil. But not everyone wants to save the world. Scott Tong reports China may swoop in a little too late.
Asian leaders gathered with their European counterparts in Beijing to see what could be done to get out of a global tailspin. Scott Tong reports there are two competing world views on the world financial system.
Asian markets all closed in the red today. Renita Jablonski looks into why with Scott Tong in Shanghai, who blames fears of a global recession and explains why investors can no longer rely on emerging markets.
Japanese banks are buying up pieces of failing U.S. banks, and Wall Street is begging for the capital. Scott Tong reports why the country is sitting on half a trillion dollars in cash, and why they're buying now.