Topic: East Asia
China's manufacturing heartland has been hit by large-scale strikes in recent weeks, as an increasingly demanding workforce faces off with employers struggling with high costs and falling exports.Thousands of workers in factories in the southern province of Guangdong have gone on strike ...
BEIJING (Reuters) - China's factory sector shrank the most in 32 months in November on signs of domestic economic weakness, a preliminary PMI survey showed, reviving worries that China may be slipping toward a hard landing and fuelling fears of a global ...
China's manufacturing activity slumped to its lowest level in 32 months in November, banking giant HSBC said Wednesday, renewing fears the Asian powerhouse is losing steam amid global economic woes.The news comes just days after Vice Premier Wang Qishan, China's top finance ...
Growth in East Asian economies will slow next year with demand from key export markets in the United States and Europe falling as they struggle with their debt crises, the World Bank warned on Tuesday.However the region's large foreign reserves and current-account ...
TOKYO (Reuters) - China's economy faces growing risks from Europe's sovereign debt crisis and from debt held by local Chinese governments but it could engineer a soft landing by easing monetary policy, the World Bank said on Tuesday.In a semi-annual East Asia ...
CHENGDU, China (Reuters) - Chinese Vice Premier Wang Qishan said on Monday that global economic outlook remained grim and that ensuring economic recovery was the overriding priority.Wang also said that China and the United States should work together to achieve balanced economic ...
BEIJING (Reuters) - A long-term global recession is certain to happen and China must focus on domestic problems, Chinese Vice Premier Wang Qishan has said."The one thing that we can be certain of, among all the uncertainties, is that the global economic ...
Japan called on Germany on Friday to step up and help plug the widening hole in Europe's finances, saying Berlin should play a leading role in creating a debt "firewall".Finance Minister Jun Azumi said the continent's largest economy needed to do more ...
TOKYO (Reuters) - Japan's economy rebounded as expected in the third quarter from a recession triggered by a devastating March earthquake on robust exports and consumption, but persistent yen strength and sluggish global growth cloud its outlook.Companies' efforts to restore supply chains ...
HONOLULU (Reuters) - U.S. President Barack Obama said he planned to discuss the need for a rebalancing of the global economy in a meeting with Chinese President Hu Jintao on Saturday.Obama, who spoke to reporters at the beginning of the meeting, said ...