i don’t believe either one of them do
china
Factories shut as crisis hits Chinahttp://news.bbc.co.uk/2/hi/asia-pacific/…
China: Up to 26 million rural migrants now joblesshttp://news.yahoo.com/s/ap/20090202/ap_o…
Fear and hope in the Year of the Ox
With millions of workers losing their jobs and dire predictions of social unrest, the Chinese bubble appears to have burst. The BBC’s Michael Bristow in Beijing considers what 2009 will bring for the world’s most populous nation. http://news.bbc.co.uk/2/hi/asia-pacific/…
Chinese growth slows as trade slipshttp://www.financialpost.com/story.html?…
Leading Indicators Show Continuing Economic Slowing http://www.chinastakes.com/story.aspx?id…
is this current enoughhttp://www.google.com/hostednews/ap/arti…
China’s official data mask severity of slump
35 minutes ago
BEIJING (AP) — It is China’s disconcerting secret: Its economic slump is much deeper than official data show.
The government says the economy grew by 6.8 percent in the final quarter of 2008, but that is based on an outdated system that measures growth against the same period a year earlier.
Compared to the previous quarter, the method used by most major economies, growth was about 1 percent at an annual pace and possibly zero, economists say.
russia
Gazprom sways as Russia plays hardball
Gazprom, which just a year ago was vowing to become the world’s biggest company, is sinking fast as the global meltdown hits hard and the Kremlin uses it as a pawn in its geopolitical battles — most recently in the gas dispute with Ukraine.
The state-backed gas export monopoly is bleeding an estimated $140 million a day in the energy war with Kiev. Experts say the company is being forced to sacrifice its interests to the government’s political aims, threatening its profitability as it teeters under huge debt.
As the spat between Russia and Ukraine moves into its third week, Gazprom’s ambition to become the world’s largest company by market capitalization by 2014 seems a mirage. The company’s share price has plunged 70 percent since last January, sending it tumbling from the No. 3 spot among the world’s biggest companies to 35th.
Since Russia shut off gas supplies to Ukraine on Jan. 1 and to Europe six days later, Gazprom has lost $1.1 billion in export revenue, Gazprom chief Alexei Miller said Wednesday.http://www.google.com/hostednews/ap/arti…
Russia Devalues Rublehttp://www.tradetnt.com/russia-devalues-…
Rouble at record low as Russia faces up to cheap oil http://www.financialmirror.com/News/Busi…
Russia close to economic collapse as oil price falls, experts predictRussia faces possible devaluation of the rouble and a severe drop in living standards next yearhttp://www.guardian.co.uk/world/2008/nov…

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