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China’s crude oil imports saw little change from January to May 2024 Spring wage negotiations prompt major companies to award highest salary hikes in 30 years The country's growth rate for 2024 has been revised up to 2.7 percent by research firm This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic Firms saw an increase in new international business, especially in tourism, which supported employment in May China's rate of employment growth expanded at the fastest pace since September 2023 in May Probe made technological breakthroughs, including the lunar retrograde orbit design and control technology In 2019, Chinese tourists spent $248 billion abroad, accounting for 14 percent of global tourism spending The solar plant will generate about 6.09 billion kilowatt hours of electricity each year The central bank's $138 billion support in May helped prop up the real estate sector This is primarily driven by the near price parity between battery-electric vehicles (BEVs) and internal combustion engine (ICE) vehicles in the country This amount exceeds the nearly 9.2 trillion yen Japan spent on yen-buying, dollar-selling operations in late 2022 Imports declined 2 percent year-on-year to $53.1 billion, resulting in a trade surplus of $4.96 billion The data center will power services such as Search, Maps, and Workspace, and will help deliver AI services Japan aims to include driving licenses into the system by March 2025 Unemployment in the region's labor market to remain stable at 4.2 percent in 2024 and 2025 China's economy saw robust 5.3 percent growth in Q1 driven by strong exports "LignoSat" is expected to be launched into space aboard a SpaceX rocket from the United States Last week, the central bank accepted bids to buy back 52.7 billion rupees worth of bonds This growth was driven by a weaker yen and overseas corporate acquisitions, which boosted the value of Japan's foreign assets Countries agreed to support discussions to speed up negotiations for a trilateral free-trade agreement China established the first phase of the semiconductor industry fund in 2014 with a capital of 138.7 billion yuan The new space agency began operations with about 110 people, and will fill its 293-strong workforce in phases Data from the National Bureau of Statistics reported that this growth rate was the same as that registered in the first quarter
