IMF forecasts Asia-Pacific growth at 4.5% in 2024
The International Monetary Fund (IMF) on Tuesday (Beijing Time) released the April 2024 Regional Economic Outlook for Asia and Pacific.
Asian news from city Beijing
Bangladesh’s China-backed naval dock heightens power play in India’s backyard
In March, a satellite image of the dry dock was released on social media platform X by Damien Symon, a researcher with global intelligence research network The Intel Lab.
Philippines calls for expelling Chinese diplomats as South China Sea row escalates
The Philippines' national security adviser called on Friday for Chinese diplomats to be expelled over an alleged leak of a phone conversation with a Filipino admiral in a significant escalation of a bitter row over the South China Sea.
China's consumer prices rise for third month, signaling demand recovery
China's consumer prices rose for a third straight month in April, while producer prices extended declines, signaling an improvement in domestic demand, as Beijing navigates challenges in its bid to shore up a shaky economy.
South China Sea: Philippines sends ships to disputed atoll where Beijing building ‘artificial island’
The Philippines said on Saturday it had deployed ships to a disputed area in the South China Sea, where it accused Beijing of building “an artificial island” in an escalating maritime row.
U.S. weighs sanctions on Chinese banks over Russia military support
VIENNA/WASHINGTON -- The U.S. is considering imposing sanctions on Chinese financial institutions believed to be helping Russia amid its invasion of Ukraine, in a bid to clamp down on what it sees as a lifeline for Russian military production.
Top Philippine security official demands Chinese diplomats’ expulsion as territorial row escalates
MANILA, Philippines (AP) — A top Philippine security official demanded Friday the immediate expulsion of Chinese diplomats allegedly behind a reported leak of a phone conversation between one of the diplomats and a Filipino admiral about South China Sea disputes that have strained diplomatic ties.
China central bank vows to support economic recovery
BEIJING (Reuters) -- China's central bank said on Friday it will ensure reasonably ample liquidity and credit expansion to consolidate the country's economic recovery, which still faces many challenges.
U.S. to Announce New Tariffs on Chinese Electric Vehicles
The Biden administration is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter, as President Biden looks for ways to protect America’s nascent clean energy sector from a surge of cheap Chinese imports.