OTTAWA : Rapid growth in developing countries will prevent the world economy from slipping into another recession, according to The Conference Board of Canada’s World Outlook – Autumn 2010 . “There is a huge disparity in growth in the global economy. Emerging markets are generally experiencing rapid growth, and developed countries are mired in uncertainty,” said Kip Beckman, Principal Economist.

Additional facility to produce four models of mini hydraulic excavators for Chinese customersCaterpillar Inc. has announced plans to expand its manufacturing presence in China in view of growing demand from local customers.

Nissan Motor is recalling 2.14 million vehicles worldwide, including over 190,000 cars sold in China. The company announced the recall, its third biggest, on October 28