The results underline a growing retail trend in Japan, which is in a recession.
China has enjoyed phenomenal economic growth for years.
The country's telecom sector which boasted bypassing the recessionary trend to c
Fears of a prolonged recession in China have triggered a sharp increase in divor
The recessionary trend in the global economy would last another 18 months
The United States fell deeper into recession, data showed on Wednesday.
Japan warned on Monday it was sliding deeper into recession
Hit by domestic slowdown and recession in the West.
Bank of Canada has reduced the overnight rate to 1.5%.
The IMF cautiously forecast a U.S. recovery by early 2010 .
