Asia

Japan tourism: Record 33 million foreign visitors welcomed in first 11 months of 2024

The data highlights Japan's pandemic recovery and reflects broader trends influencing the future of international travel 

China’s logistics sector grows 52.8 percent in November as economic recovery signals strength

This represents an increase of 0.2 percentage points compared to October 2024 

China’s economy to grow 5 percent in 2024, contributing 30 percent to global expansion

Foreign exchange reserves remain steadily above $3.2 trillion 

China’s consumer inflation slows to five-month low in November

The producer price index fell 2.5 percent year-on-year in November, a slower decline than the 2.9 percent in October

China’s industrial profits top $814 billion in Jan-Oct

Over 60 percent of industrial sectors experienced enhanced profitability in October relative to the prior month  

China’s foreign trade grows 4.6 percent YoY in October, reaching $5 trillion in ten months

Exports amounted to $2.93 trillion, up 5.1 percent YoY, and imports totaled $2.14 trillion 

China central bank doesn’t buy gold for 6th straight month

Central bank buying slowed in but demand remained robust at 186 tons

China’s services activity grows in October, signaling economic recovery: PMI

While modest, the rate of growth in China's services economy was the fastest in three months

Japan’s manufacturing conditions deteriorate on weaker domestic, global demand

Manufacturers noted the sharpest fall in new export business since March amid weak demand from the U.S. and mainland China

Bank of Japan keeps interest rates unchanged at around 0.25 percent

Central bank lowered the projected inflation rate for fiscal 2025 from 2.1 percent to 1.9 percent, below the bank's price stability goal of 2 percent

China’s privately offered funds hit $2.76 trillion by end-September

Equity investment funds, valued at 10.89 trillion yuan, were the largest category

China’s youth unemployment rate falls to 17.6 percent in September

Overall urban unemployment rate stood at 5.1 percent in September, improving slightly from 5.3 percent in August

China cuts benchmark lending rates by 25 basis points

Banks' reserve requirement ratio could decline by another 25 to 50 basis points by the end of the year

Japan exports fall for first time in 10 months in September, trade deficit reaches $1.97 billion

Soft demand in China and slowing U.S. growth weighed on Japan's exports

South Korea to provide $6.45 billion in financial support for semiconductor industry by 2025

The government will allocate 1.7 trillion won next year for chip R&D and talent development 

China reveals world’s largest floating offshore wind turbine, generating 62 million kWh annually for 37,000 homes

This turbine has a 260-meter diameter wind wheel and a sweeping area of 53,100 square meters

China advances green finance with 19 key measures

The guideline highlights the green transformation of industries and ecosystem restoration

South Korea reports $1.7 billion increase in revenue, yet faces $62.43 billion fiscal deficit in first 8 months of 2024

The finance ministry noted that this year's deficit is the third-largest ever for the specified timeframe

South Korea’s foreign reserves up for third month to $419.97 billion in September 2024

The BOK attributed the rise to higher non-dollar asset values, driven by a weaker U.S. dollar and investment gains 

South Korea’s inflation slows to 3.5 year low of 1.6 percent in September

September's figure marked the lowest inflation level since February 2021 when consumer prices grew 1.4 percent

China’s external financial assets surpass $9.79 trillion by end of June

Financial liabilities exceeded $6.8 trillion at the same date, resulting in net external assets of nearly $2.99 trillionÂ