That is not just because it buys three-quarters of Canadian exports, but also because Canadians are exposed to the American media and their now daily drumbeat of dire economic news in a way few other people are.

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The Euro currency and European stocks slipped from their daily highs on the fresh economic news.

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His arrival in Chengdu, the financial and trade center for southwest China, was front-page news in the Chengdu Economic Daily.

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Newspapers including the Chongqing Economic Times and China Daily published only a report by the official Xinhua News Agency in their inside pages, without further commentaries.

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