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![China’s industrial output expands 5.1 percent in July, driven by strong exports and new growth drivers](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
Industrial profits rose 3.5 percent in the first six months of the year
![Japan’s wholesale inflation surges to 11-month high as weak yen bites](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The corporate goods price index hit a record high of 123.1, marking the eighth straight month of increases
![Singapore’s GDP grows 2.9 percent YoY in Q2 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Ministry attributed GDP growth to the wholesale trade, finance and insurance, and information and communications sectors
![Foreign airlines pull China services as domestic airlines expand networks internationally](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Foreign carriers operated only 60 percent of pre-pandemic flights to China last month
![Leading Chinese chipmaker SMIC revenues rise 21.8 percent to $1.9 billion in Q2 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The company's capital expenditure reached $2.25 billion in the second quarter
![China’s 1,000-km/h high-speed flying train completes successful full-scale test](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The train may be deployed on commuter routes in mega-cities, reducing the Beijing-Shanghai travel time to 90 minutes
![South Korea’s current account surplus hits seven-year high of $12.26 billion in June](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
South Korea's cumulative current account surplus for the first six months of 2024 reached $37.73 billion
![India eases new real estate tax rules following criticism](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
On July 23, India lowered the long-term capital gains tax on real estate to 12.5 percent from 20 percent
![China’s foreign trade hits $3.46 trillion in Jan-Jul 2024, defying economic headwinds](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period
![China’s 20 key tasks aim to revive consumer spending across entertainment, tourism and more](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The tasks urged increased credit support for critical areas of service consumption to reinvigorate weak domestic demand
![China’s new international land-sea trade corridor connects over 520 ports worldwide](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
More than 30,000 China-Europe freight trains have operated via the trade corridor
![Japanese stocks rebound after biggest slip since 1987 Black Monday, Nikkei up 10.23 percent](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
From July 11 to Monday's crash, the Nikkei index lost $792 billion off its peak market value
![South Korea’s exports extend 10-month growth streak in July, rise 13.9 percent to $57.4 billion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
South Korea's exports of semiconductors grew for the ninth consecutive month, rising 50.4 percent in July
![China broils under record-breaking temperatures, data reveals hottest July since 1961](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Weathercasters warn the intense heat is far from over and is expected to persist into August
![South Korea’s industrial output declines 0.1 percent in June, retail sales and facility investment rebound](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The construction sector and public administration saw declines of 0.3 percent and 5.1 percent respectively
![China’s July non-manufacturing activity expands: PMI](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The NBS composite PMI in China, which includes manufacturing and services, recorded 50.2 in June
![Bank of Japan surprises with rate hike for second time since 2007, trims bond buying](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The central bank raised its short-term policy rate to levels not seen since 2008, defying market expectations
![China boosts global gold demand as purchases surge 46.02 percent in H1 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
National gold consumption in China declined 5.61 percent annually to 523.75 metric tons
![Ola Electric IPO, India’s biggest this year, set to raise $734 million](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
A term sheet for the IPO, which will run from August 1 to 6, values Ola Electric at $4 billion
![South Korea’s foreign tourist arrivals recover to 96 percent of pre-pandemic levels in June](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Chinese tourists remained the top visitors to Korea with 397,000 arrivals in June
![China sees 5.4-fold jump in inbound tourism, welcoming over 4.36 million visitors in H1 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The number of international travelers entering China under the 72/144-hour visa-free transit policies quadrupled YoY
![Malaysia applies to join BRICS, strengthening bilateral relations with Russia](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Malaysia's bid to join BRICS was a key agenda item in India's PM's meeting with the Russian Foreign Minister
![EU, Singapore conclude negotiations for landmark Digital Trade Agreement](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The agreement aims to build trust, ensure predictability for businesses, and remove barriers to digital trade
![Apple’s China smartphone shipments fall 6.5 percent as local players dominate: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Vivo reclaimed the top spot in China with 13.1 million smartphone shipments, capturing a 19 percent market share