Economic growth numbers from China did not fail to live up to the hype. China's GDP growth slowed in the latest quarter to to 7.6 percent — the slowest in three years.
For the past few years, China has had much higher economic growth rates than we're seeing in the U.S. But when China releases its latest GDP figures tomorrow, forecasters are expecting the worst growth in three years.
Meet Zhao Silin: Migrant, factory worker, mother, and owner of a tiny flower shop on Changle Road in Shanghai, otherwise known as The Street of Eternal Happiness.
Corruption watchdog group Transparency International released a report today admonishing big business to do more to crack down on corruption. The report slams companies from China and Russia along with American financial services corporations.
Despite being the biggest country in the world, China is having something of a labor shortage. So it's importing tens of thousands of North Koreans to work in low-wage jobs in factories.
With consumer demand still sluggish in the U.S. and Europe, China is looking elsewhere for new customers to places like Brazil. In fact, this week China and Brazil agreed to a landmark deal that avoids using the U.S. dollar.
Meet Master Chu Hongsheng on the first stop of our year-long series profiling the people who make their living on Changle Road, or the Street of Eternal Happiness, which bisects Shanghai.
Next week world leaders will meet for the U.N. Conference on Sustainable Development to figure out how to improve the well-being of people around the world without wrecking the planet in the process.
But experts say the yuan is still substantially undervalued against the U.S. dollar. And the change won't mean much improvement in the persistent U.S.-China trade imbalance.
Amidst the slew of gloomy economic indicators from China over the weekend there was one bright spot: May's overseas shipments from China are up more than 15 percent over last year.