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The Secretary of the United States Treasury, Timothy Geithner, said this weekend that the global recession seemed to be ‘losing force’ but that to come out of it strong the United States and China would need to institute major economic reforms to create a stronger …

Without directly saying it, China Premier Wen Jiabao gave a warning to the United States to not spend money recklessly and devalue the dollar. With the U.S. hoping that China will help pay for the huge stimulus package that was passed through Congress, the message …

After a failed attempt to restructure the company, Waterford Wedgwood PLC filed for bankruptcy protection today.
The china and crystal maker will be looking for a buyer and in the meantime will still be producing and selling its products.
From the AP:
“Waterford, Wedgwood and Royal Doulton …

Around 294,000 children became ill and at least six died when they drank melamine contaminated infant formula and the Chinese companies responsible are ready to compensate those families for their losses.
China’s Dairy Industry Association announced that 22 producers will make a one time payment to …

In China, scientists are engineering rice to grow in colder temperatures, higher altitudes, and drier soil.   Because of the population growth in the region, they need to find new ways to produce copious amounts of rice to feed them.
Food demand is forecasted to rise …