Elliott from CNReviews discusssed his research in answering the question：“How is China affected by the global financial crisis?“ and his answer is “Instead of coming to the rescue of the global economy, China will suffer more deeply from the crisis than the US or Europe.” ...

It started as a pay dispute at a southern Chinese toy factory. But it quickly turned into a riot as laid-off workers tapped into a network of friends and unemployed laborers who flipped over a police car, stormed into the plant and smashed office computers.

Chinese people on Tianya BBS discuss Huang Guangyu's arrest for manipulating stock market prices. Some say all rich people are rich because they break laws. Others still admire him because of how he began as a poor man who did not finish school but became very successful.

After seven months of WTO discussions, Xinhua will relinquish its role as a regulator of foreign financial information suppliers. Foreign companies such as Reuters and Bloomberg will no longer have to compete against their regulator.

China’s Ministry of Human Resources and Social Security says it will implement policies to help labor-intensive enterprises and small- and medium-sized enterprises (SMEs) weather the global financial crisis.

Talk everywhere is of crisis and panic emanating from the US financial centers. Yet in China, a different yet familiar kind of crisis is playing itself out.

"The prosperity of the United States and China depends on helping China further integrate into the global economic system," says Henry M. Paulson, Jr. ,U.S. Secretary of the Treasury. He has made many enemies in the last 2 weeks with his controversial plan to take 700 billion more dollars from U.S. taxpayers to bail out banks, investment firms, and mortgage companies.

An interesting article which I may not completely agree with. It says that, "The center of the world's economy has shifted to Asia.

Mexican tycoon Carlos Slim, one of the world's richest men, said Tuesday that China should lead rescue efforts for the US financial crisis, and that worldwide stock markets needed better rules.

Asia to the rescue? With Wall Street bleeding billions and booming Asian economies hoarding stacks of cash, it would seem to make sense for Asia to help the U.S. financial industry out of its fix. So far, though, it is not happening.