But new research suggests the damage to the U.S. has been deeper than these economists have supposed. The study, conducted by a team of three economists, doesn't challenge the traditional view that trade is ultimately good for the economy. Workers who lose jobs do eventually find new work or retire, while the benefits from trade, such as lower prices, remain. The problem is the speed at which China has surged as an exporter—overwhelming the normal process of adaptation.

The study rated every U.S. county for their manufacturers' exposure to competition from China, and found that regions most exposed to China tended not only to lose more manufacturing jobs, but also to see overall employment decline. Areas with higher exposure also had larger increases in workers receiving unemployment insurance, food stamps and disability payments.

The authors calculate that the cost to the economy from the increased government payments amounts to one- to two-thirds of the gains from trade with China. In other words, a big portion of the ways trade with China has helped the U.S.—such as by providing inexpensive Chinese goods to consumers—has been wiped out. And that estimate doesn't include any economic losses experienced by people who lost their jobs.

“As we move to more electrification, you’re going to see more hybrids, plug-in hybrids and all-electric” cars, Mulally, 66, said in a Bloomberg Television interview on Sept. 24 in Chongqing, China.

Mulally, in China for the groundbreaking of an engine transmission plant at Ford’s venture with Changan Automobile Group, didn’t say when the Dearborn, Michigan-based company may start making the electric cars. Rivals Daimler AG (DAI) and General Motors Co. (GM) have announced plans to add such vehicles in China as the country, the world’s largest polluter, seeks to reduce emissions.

Huang Nubo, 55, said he plans to establish resorts in countries such as Denmark, Finland and Sweden within five years. He’s in talks to buy 300 square kilometers (116 square miles) of land in Iceland for $8.8 million from five farmers and expects the Iceland government’s decision on the approval of the purchase within two weeks.

Mongolia’s attempt to renegotiate the Oyu Tolgoi agreement follows pressure from lawmakers ahead of an election next year and highlights risks for overseas investors as countries seek greater control of raw materials. So-called resource nationalism is the biggest business risk for global mining companies, Ernst & Young LLP said last month

The practice of “remuneration through invoices” dates back to early 1990s, when CCTV recruited a large number of new talents to launch the program “Oriental Horizon.” But as a state-run organization, CCTV’s hiring process is subject to strict controls. To circumvent the constraints of its employment system, CCTV decided to recruit contract workers. However, since the contract workers were not “officially recognized” CCTV employees, their salaries could not be listed as labor costs; instead, they were listed under program producing costs. Contract workers were then required to submit corresponding amount of invoices to get their remuneration. This approach worked so well that it soon spread throughout CCTV and has been used ever since.

But the practice has lead to a series of negative consequences. It caused the existing wage system to collapse, brought about huge income gaps and sowed the seeds for corruption. Under a loose “remuneration through invoices” system, it is impossible to eradicate falsely issued invoices. Moreover, since this portion of income is not counted as salary, CCTV employees pay less personal income tax, resulting in the loss of state tax revenue.

Li Hao was fired from the inspection team under the Bureau of Quality and Technical Supervision of Luoyang, Henan Province, after he was detained for forcing the women into prostitution and to feature in porno videos uploaded on the Internet to make money, Guangzhou Daily reported today.

Yu Hongwen, Li's supervisor and head of the inspection team, was also suspended.

Li said he dug two underground rooms in a basement he bought in a residential compound two years ago. He regularly raped the women, who were held for between two months to 21 months, and forced them to perform porn shows and prostitution, police said.

Residents in the neighborhood, where Li lived, are considering hiring a new property management company to ensure their safety.

That was the message delivered by a number of Chinese officials during meetings at the International Monetary Fund, where China was widely seen as an answer to the euro zone's problems, either as a purchaser of European debt or as a country that could further goose its economic growth rate.

Gao Xiqing, vice chairman, president of China Investment Corp., participates in a panel discussion in Washington Saturday.

"We can't just go save someone," said Gao Xiqing, president of China Investment Corp., China's huge sovereign wealth fund. "We're not saviors. We have to save ourselves," he said at a weekend panel discussion