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.
Despite its growth over the past 10 or 15 years, China's economy is hurting a bit. Marketplace's Scott Tong recently spent time in southern China, the heart of the country's manufacturing sector. He shares his impressions with Kai Ryssdal.
Every Chinese product safety scandal has occurred on the watch of Li Changjiang, the top quality supervisor in the country. But is the Chinese government making him a scapegoat? Scott Tong reports from Shanghai.
In China, three babies have died and more than 6,000 have suffered kidney damage from tainted infant formula. With Chinese factories feeling the pressure of the global economic slowdown, it could be a sign of things to come. Scott Tong reports.
The dollar fell in Asian markets on worries about the U.S. banking system. Those emerging economies were expected to ride out the financial storms. But as Scott Tong reports, that's not turning out to be so.