Weak Global Economic Data Disappoints Markets as Tensions Rise Between China and Japan
China’s Ministry of Commerce said Wednesday that Japan's "purchase" of China's Diaoyu Islands was illegal and would sure impact and jeopardize the normal development of economic and trade relations between the two countries. Protests against Japan's "purchase" of the islands have spread across China over the past few days and many Japanese enterprises have suspended production. The incident has also encouraged Chinese people to stage protests and boycott Japanese goods. China’s manufacturing P
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