Don Lee

Led by a massive selloff in Japan, Asian stock markets tumbled today in reaction to the persistent gloom on Wall Street and the growing realization that the global credit crunch and economic downturn will hammer export companies. Japan's Nikkei 225 stock...

On holiday with my family this week on China's resort island of Hainan, one of the first things I did after checking in to our hotel room was ask the duty manager: What kind of milk do you serve? A few minutes later, a man named Jimmy from the hotel's...

China's product-quality chief resigned Monday as the government sought to contain a national crisis over tainted baby formula that has sickened 53,000 children and implicated the biggest dairy producers in the country. The official New China News...

With the Shanghai composite index down almost 70% since last October and no end in sight, China's government said Thursday that it would scrap a stock-buying tax and plow money into the nation's three largest banks in an effort to halt the decline....

Sweat dripping down his face, Mo Chongjian paced the second floor of Guangzhou Children's Hospital, clutching a medical report and an ultrasound image of his 13-month-old son's kidneys. The scan was pocked with white dots. "You see here. Both of his...

Du Xiufeng, a small textile producer in China's industrial belt near Shanghai, is about as far from the drama on Wall Street as you can get. Yet neither he nor countless businesses in China and around the globe can escape the fallout from America's...

China's troubles with tainted baby formula grew into a national crisis today as health officials reported that a third infant had died, the number of illnesses skyrocketed to 6,244 and products from 22 companies tested positive for contamination with...

Chinese police Monday announced the first arrests in the spreading scandal over tainted milk powder as health officials reported that a second infant had died and 1,253 others had been sickened after ingesting the formula. The arrest of two brothers in...

In an abrupt change of course, China's central bank said Monday that it would cut a key interest rate in an effort to stimulate growth and shore up confidence in an economy that is slowing amid the global financial market turbulence. The move by the...

Asian stock markets, beaten down this year by the U.S. sub-prime crisis and faltering economy, roared back to life today after Washington announced plans to rescue troubled mortgage giants Fannie Mae and Freddie Mac. Fund managers and analysts said...

The athletes have checked out of the Olympic village, but Wang Gang and his wife, Liang Di, are still running around here serving Dongpo pork and other famous Chinese dishes to hundreds of Olympic staff. The couple's work is only half done as Beijing...

China's product quality and food safety agency came under pressure last year after Chinese businesses exported tainted pet food and lead-laden toys. Now it is under fire from domestic companies. In the last month, eight Chinese firms have filed...