Global crisis hits over 1,300 south China firms, Export houses shut in India

The after effects of the economic meltdown are affecting China and India severely.  Export oriented companies have been hit hardest in both countries. In southern China, factories that have relied on exporting to the United States and other rich nations have begun...

2.7m Chinese to lose jobs with deepening economic slowdown

Despite the talk of insulated, Chinese economy is also deeply affected with current global economic crisis. World's fastest growing economy is sputtering into an economic slowdown. World is hinging high hope on China to bail out from the current crisis. China's export sector...