BEIJING (TIP): China’s annual economic growth slowed to a six-year low of 7.0 per cent in the first quarter as demand stayed weak, meeting analyst forecasts but fanning expectations that authorities will roll out more policy stimulus to avert a sharper slowdown. In the last quarter of 2014, China’s economy grew 7.3 per cent on an annual basis. On a quarterly basis, economic growth slowed to 1.3 per cent between January and March after seasonal adjustments, the National Bureau of Statistics said on Wednesday, compared with growth of 1.5 per cent in the previous three months.
Asia
India, China win hearts, minds in quake-hit Nepal
POKHARA (TIP): At Pokhara airport in the Himalayas, Indian soldiers race back and forth loading rice, blankets, tarpaulins and other aid onto waiting helicopters for delivery to Nepal’s quake-devastated villages. In the ruined ancient town […]
Asia
McDonald’s to open 1,300 outlets in China
WASHINGTON (TIP): Fast food giant McDonald’s has planned to open approximately 1,300 fast food restaurants in China over the next five years, CEO Steve Easterbrook announced. Easterbrook said that the firm wants to make China […]
Other News
JAPAN’S NISHIKORI SOARS TO WORLD NUMBER FOUR
TOKYO (TIP): Record-breaking Japan superstar Kei Nishikori rose to fourth in Monday’s new world rankings, equalling Kimiko Date-Krumm as his country’s highest-ranked tennis player. The 24-year-old, who is the top-ranked Asian-born man ever, tweeted: “Just […]
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