Asia

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 trillion 

Japan’s manufacturing sector deteriorates slightly in September on weaker demand, says PMI

Japan's manufacturing PMI declined from 49.8 in August to 49.7 in September, indicating a slight slip in overall operating conditions

India dominates global IPO landscape with over 220 deals worth $12.2 billion: Report

The U.S. came in second with 133 deals of $23.1 billion while China ranked third with 69 transactions worth $5.3 billion

South Korea, China, and Japan unite to tackle plastic pollution

The three countries agreed to strengthen cooperation in reducing yellow dust levels, particularly in collaboration with Mongolia 

China’s international trade reaches $585.2 billion in August, 4 percent YoY growth

The nation's exports of goods and services totaled $322.4 billion, while imports were recorded at $263.5 billion

Russia remains one of leading energy market players despite challenges, says Putin

Russia's oil exports to Asia-Pacific region grew 1.5-fold and already exceeded 60 percent

South Korea’s public account deficit narrows to $34.8 billion in 2023

South Korea's public account logged a deficit for the fourth straight year due to economic uncertainties

Japan can raise renewable energy share to 80 percent by 2035: Report

Japan can reduce its CO2 emissions by 65 percent by increasing the number of storage batteries and grid interconnection

Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992

This trend is attributed to heightened foreign investment spurred by the weak yen 

South Korea’s KASA, NASA collaborate on deep space exploration, lunar research, and space traffic management

The two entities pledged to identify innovative projects in space life sciences and deep space antennas

Bank of Japan maintains short-term rate steady at 0.25 percent, upgrades view on consumption

The Bank of Japan ended negative interest rates in March and hiked short-term rates to 0.25 percent in July

World Bank commits over $2 billion to support Bangladesh’s reforms

The Bank will reallocate $1 billion, totaling $3 billion in loans and grants for the fiscal year ending June 2025

China’s industrial output sees $6.4 billion export growth in August 2024

The industrial output, a key economic indicator, increased by 4.5 percent YoY in August