When it comes to exports, China has been on top of the game. But factory orders are at their lowest level since the government started measuring them. Scott Tong reports laid-off workers are causing a stir.
The Food and Drug Administration opened up its first overseas office today in China in an attempt to get closer to where issues could start. Scott Jagow talks to Scott Tong in Shanghai about other FDA offices to follow.
Japan is the world's second-largest economy, and it shrank in the third quarter for its second drop in a row. But Scott Tong reports the official Japanese recession wasn't directly a result of subprime.
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.