Asia, Global Economy | featured news

China reported its first quarterly trade deficit in six years Sunday as surging prices for commodities pushed up its import bill.

A World Bank study to be released Thursday reports that the online gaming industry has grown into a $3 billion business that provides living wages to migrant workers in Asia who play games all day, amass virtual currency and sell it to wealthy customers in the Western world for actual cash.

China's central bank increased interest rates on Tuesday for the fourth time since October, raising suspicions that data next week may show inflation rose more than expected in March.

Concerns over the deteriorating condition of Japan's stricken nuclear reactors, and the effect on global economies, sparked the Dow's biggest selloff since August and left the S&P 500 in the red for 2011.

Japan's devastating earthquake and deepening nuclear crisis could result in losses of up to $200 billion for the world's third largest economy but the global impact remains hard to gauge five days after a massive tsunami battered the northeast coast.

China is on course for another five years of robust growth, but inflation threatens social stability and must be tamed, Premier Wen Jiabao said on Saturday. In China's version of a "State of the Union" address to the annual parliamentary session, Wen said the top priority this year was to curb price rises that are hurting ordinary people in the world's second-largest economy.

Thailand's economy emerges from recession after a pick up in exports, government figures show.

When I started to write my book The Chinese Dream three years ago, people in the United States did not even believe there was a middle class in China. Today, China’s middle class is already larger than the entire population of the United States and is expected to reach 800 million in fifteen years.

As they try to recover, the U.S. and Europe could use a refresher course in Eastern studies.

China lashed out at Japan and the US for their stance on territorial disputes in waters off its coast as Asian leaders gathered in Hanoi, hindering talks on currency and trade policies before a Group of 20 ...