CHINA

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America’s biggest growth industry: declinism

Conservative agitator Pat Buchanan’s new book says America might not survive until 2025; it’s called “The Suicide of a Superpower.” Even less alarmist observers are suddenly sounding a lot like Buchanan, as economists now predict that China may surpass the United States as the world’s largest economy a lot sooner than we thought, and important conferences are convened to deal with what Fareed Zakaria memorably dubbed “the post-American world.”
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Wal-Mart says China CEO, another executive resign

Two executives of Wal-Mart Stores Inc's China operation, including its head, have resigned for personal reasons, the company said on Monday, the latest setback for the world's largest retailer in China where it has faced store closures and employee detentions.
A man watches a stock index board outside a brokerage in Tokyo

Stocks Rise, Euro Steady After G20 Urges Action

European stock index futures rose 1 percent and the euro held near a 1-month high Monday after France and Germany said over the weekend they were making good progress on a plan to resolve the euro zone's debt crisis and recapitalize its banks.
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Paris G20 finance chiefs closing remarks

G20 finance ministers and central bank governors put strong pressure on euro zone leaders at a two-day meeting in Paris to come up with a convincing solution to the bloc's debt crisis and avert the risk of a fresh global recession.
U.S. Treasury Secretary Timothy Geithner

Growth Slow, so Fast Action Needed on Jobs Bill: Geithner

U.S. economic growth has gained some strength, but remains too slow, and it would benefit from passage of a package of job proposals that congressional Republicans have blocked, Treasury Secretary Timothy Geithner said Saturday.
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Geithner says growth too slow, need jobs bill

Economic growth has gained some strength but remains too slow and would benefit from passage of a package of job proposals that congressional Republicans have blocked, Treasury Secretary Timothy Geithner said on Saturday.
The Governor of the Bank of England Mervyn King talks to US Treasury Secretary Geithner and Britain's Chancellor of the Exchequer George Osborne in Paris

G20 tells euro zone to fix debt crisis within weeks

The world's leading economies kept pressure firmly on Europe to sort out its debt crisis on Saturday with the sense of urgency to be reflected in a communique at the end of a G20 finance chiefs' meeting.
U.S. Treasury Secretary Geithner looks on during the G20 Finance Ministers and Central Bank Governors Meeting in Busan

G-20 Maintains Pressure on Eurozone Over Debt Crisis

The world's leading economies kept the pressure firmly on Europe to sort out its debt crisis on Saturday with the sense of urgency to be reflected in a communique at the end of a G-20 finance chiefs' meeting.
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China inflation ticks lower, policy on pause

China's consumer inflation dipped to 6.1 percent in September, retreating further from three-year highs, although stubborn food price pressures will deter the central bank from loosening its policy reins anytime soon.

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