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BANGKOK (AP) — China’s economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported Monday, while emphasizing signs of improvement in factory output, income and investment.
The discussions centred on managing the precarious situation at the Second Thomas Shoal, with both sides pledging to sustain dialogue and consultation to control disputes and differences. Yet, scepticism looms amid the momentum.
HONG KONG -- China's economic growth slowed to 4.7% in the second quarter from a year earlier, likely amplifying calls for more effective stimulus as Communist Party leaders begin their highly anticipated third plenum in Beijing.
GUANGZHOU -- Urban Revivo, a Chinese fast fashion retailer that has outgrown global brands like Zara and H&M in its home market, now aims to bring the competition to its rivals' international turf.
The Philippines, which has some 200,000 workers in Taiwan, faces its own challenges if conflict erupts. Geopolitical analyst Matteo Piasentini cautioned that “the concern may be real” as Beijing had already warned Manila not to “play with fire” when it comes to the Taiwan issue “if it cares about those workers”.
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Asia-Pacific markets mostly fell on Monday as investors awaited China's Third Plenum and also assessed an assassination attempt on former U.S. President Donald Trump at a rally over the weekend.
“The Senkakus issue is simply intractable,” said Yakov Zinberg, an international-relations professor at Tokyo’s Kokushikan University. “The two sides are clearly a long way apart and show no signs of narrowing their difference so I expect them to only mention this in passing and avoid deeper discussions.