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China's export hub hit hard by global economic slowdown

Last Updated: Monday, August 27, 2012, 14:26

Hit hard by global economic downturn, many firms in China's export hub Wenzhou are closing down as they face a "more serious" situation than the 2008 financial crisis with big companies in the country posting sharp dip in profits.

‘China to probe firms that US fear evade Iran sanctions’

Last Updated: Tuesday, October 19, 2010, 11:53

The United States said it has raised concerns with China that some Chinese firms may be evading UN Security Council sanctions against Iran.