Archive for Economic News

China recorded a slowdown in its manufacturing sector last month, underlining the challenges its new leaders face in reviving economic growth. The official Purchasing Managers’ Index (PMI), which surveys big firms, fell to 50.4 in January from 50.6 in December. […]

The captain and crew of a Chinese fishing boat detained for allegedly fishing in Asia Pacific Region’s maritime zone was released on Sunday, Chinese state media said, amid a simmering territorial dispute in the waters. The skipper and his crew […]

Defense Minister Itsunori Onodera on Tuesday confirmed that the Chinese navy vessel locked a weapons-targeting radar at a Maritime Self-Defense Force ship in the East China Sea. The Chinese Navy frigate used radar for targeting the MSDF destroyer Yudachi from […]

China has pledged to increase minimum wages to tackle the growing and politically sensitive gap between rich and poor in the country. The State Council on Tuesday unveiled a 35-point income distribution plan that will raise minimum wages to 40% […]

A North Korean satellite in orbit appears to be dead and no signal can be detected from the Kwangmyongsong-3 launched by Pyongyang in defiance of international sanctions. US-based astrophysicist Jonathan McDowell of the Harvard-Smithsonian Center for Astrophysics said on Monday […]

Philippine lawmakers on Monday approved the controversial Reproductive Health bill on the third and final reading, a historic vote in Asia’s biggest Catholic-majority country. The bill was introduced more than a decade ago but is still not passed into law. […]

Hundreds of people mourned for Jacintha Saldanha during her burial in Shirva, southwest India, as her family took care to follow funeral arrangements she set out in a suicide note. “The events of the last week have shattered our lives […]

Members of an outlawed cult are being detained by authorities across China to stop believers from taking “drastic actions” ahead of what the group says is the end of the world. The Church of Almighty God says that the world […]

A survivor of the 2004 tsunami that hit the northwestern coast of Indonesia’s Sumatra island is promoting what he called “tsunami tourism” during a conference in Asia Pacific Region. Rahmadhani, 42, said in an interview with the Asahi Shimbun the […]

Australia’s plan to divert hundreds of millions of dollars in foreign aid to asylum-seekers at home came under fire on Tuesday, with critics saying it would take away significant amounts of money previously allotted to the world’s poorest people. The […]