China Growth

What reforms? IMF expects India to grow merely 4.9% in 2012

The IMF said India, Asia's third-largest economy, is expected to grow 4.9 percent this year, down from a forecast in July of 6.1 percent.

Slowdown effect: Consumer firms burdened with piling inventory in China

As China's economic growth cooled to a three-year low, inventories swelled at consumer firms such as auto dealers, food makers, liquor companies and department stores, according to an analysis of balance sheets from 350 Chinese companies.