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Economy asian news

China aims to control dairy, beef output as weak sales hit prices - cnbc.com - China - city Beijing

China aims to control dairy, beef output as weak sales hit prices

China plans to implement measures to help dairy and beef producers limit production to prevent prices from falling further, an agriculture official said on Wednesday, adding to existing rules on pork producers as meat consumption declines.

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STEVEN BOROWIEC - Nikkei staff writer - South Korea's Q2 GDP shrinks 0.2% on lower incomes - asia.nikkei.com - South Korea - city Seoul

South Korea's Q2 GDP shrinks 0.2% on lower incomes

SEOUL -- South Korea's economy contracted in the second quarter -- logging its first three-month period of negative growth since the late stages of the COVID-19 pandemic -- dragged down by waning incomes, the Bank of Korea announced on Thursday.

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Can India - Contributing writer - JOHN DUERDEN - Paris Games - Can India turn from perpetual Olympic minnow into a powerhouse? - asia.nikkei.com - China - India - city Tokyo

Can India turn from perpetual Olympic minnow into a powerhouse?

LONDON -- India and China may be Asian giants in terms of their economies and geopolitical sway, but the two huge nations have very different Olympic track records.

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Jeff Cox - Why an indicator that has foretold almost every recession doesn't seem to be working anymore - cnbc.com - New York

Why an indicator that has foretold almost every recession doesn't seem to be working anymore

Wall Street's favorite recession signal started flashing red in 2022 and hasn't stopped — and thus far has been wrong every step of the way.

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Vasudevan Sridharan - India’s measures to tackle youth unemployment crisis dismissed as inadequate - scmp.com - Usa - India - state Pradesh

India’s measures to tackle youth unemployment crisis dismissed as inadequate

“I got to know the job was for loading and unloading cargo in planes only after reaching the location. It doesn’t even require a graduate degree. I even borrowed 20 rupees from my friend to iron my clothes for the job interview,” Mankar told This Week in Asia.

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Nikkei staff writer - ALICE FRENCH - Japan's foreign resident population exceeds 3 million for first time - asia.nikkei.com - Japan - city Tokyo

Japan's foreign resident population exceeds 3 million for first time

TOKYO -- Japan now has more than 3 million foreign residents for the first time, making up 2.66% of the total population, according to government data released on Wednesday.

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FRANCESCA REGALADO - Nikkei staff writer - Thailand sets $14bn digital wallet registration for August 1 - asia.nikkei.com - Thailand - city Bangkok

Thailand sets $14bn digital wallet registration for August 1

BANGKOK -- Thailand's ruling party will push forward with its long-delayed digital wallet stimulus, opening registration for the 10,000 baht ($277) handout from Aug. 1, but has yet to set a rollout date for the scheme meant to improve the Thai economy's year-end prospects.

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Vladimir Putin - Donald Trump - Joe Biden - Wang Yi - Dmytro Kuleba - Ukraine tells China it is open to Russia talks if Moscow acts in good faith - asia.nikkei.com - China - Usa - Russia - Ukraine - city Beijing - city Guangzhou

Ukraine tells China it is open to Russia talks if Moscow acts in good faith

BEIJING/KYIV (Reuters) -- Ukraine's top diplomat told Chinese Foreign Minister Wang Yi during talks in the city of Guangzhou on Wednesday that Kyiv was open to negotiating with Russia if Moscow was ready to do so in good faith, something Kyiv saw no evidence of currently.

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