SHANGHAI - CHINA top economic planning agency is drafting a stimulus package to save the automotive sector from a US-style crisis, state media reported on Thursday.
TOKYO - JAPAN'S production of cars, trucks and buses marked its steepest drop in at least four decades in November, an industry group said Thursday, as the fallout from the US slowdown crimped auto demand.
Vehicle production in Japan, home to Toyota Motor Corp. and other major automakers, plunged 20.4 per cent in November compared to the same month a year ago to 854,171 vehicles, the Japan Automobile Manufacturers Association said.
HANOI - VIETNAM'S economy is expected to grow 6.23 per cent this year, the lowest level in nearly a decade, as the South-east Asian country grapples with inflation of nearly 23 per cent, the highest in nearly two decades, the government said on Thursday.
BEIJING - CHINA will use the yuan in transactions with neighbouring economies on a trial basis, state media said on Thursday, calling it a potential first step to making it an international currency.
