Asia (except ME & Indian SC)

China lowers GDP target for 2022 to 5.5 per cent

Beijing, Mar 5 (PTI) China on Saturday lowered its GDP target to 5.5 per cent for this year bringing it down from last year's 6.1 per cent.

The new target for the second-largest economy was announced by Premier Li Keqiang in his work report presented to the National People's Congress (NPC), the country's Parliament which opened its annual session here on Saturday.

Japan’s Unemployment Rate Increases To 2.8 Percent As COVID-19 Hits Labour Market

TOKYO, Mar 4 (NNN-NHK) – Japan’s jobless rate rose marginally to 2.8 percent in Jan, the government said in a report today, owing to increasing cases of COVID-19 negatively impacting the labour market.

From the previous month, on a seasonally-adjusted basis, the unemployment rate edged up 0.1 percentage point, as a number of prefectures in the reporting period were placed under a COVID-19 quasi-state of emergency, to combat the spread of the highly-contagious Omicron variant of the virus, the Ministry of Internal Affairs and Communications said.

Japan's highest court orders TEPCO to pay damages to Fukushima disaster victims

TOKYO, March 4 (Xinhua) -- Japan's Supreme Court on Friday ruled that Tokyo Electric Power Company (TEPCO) should pay 1.4 billion yen (12 million U.S. dollars) in damages to about 3,700 residents whose lives were stricken by the Fukushima nuclear disaster in 2011.

This is the first finalized decision of such damages which cover three class-action lawsuits out of more than 30 filed against the company, averaging about 380,000 yen (3,290 dollars) per plaintiff, according to NHK.

Chinese investment in Cambodia rises in 2021 despite pandemic

PHNOM PENH, March 4 (Xinhua) -- Chinese investment in Cambodia had increased significantly in 2021 despite the negative effect of the COVID-19 pandemic, which truly reflected Chinese investors' trust in Cambodia's business environment, officials and experts said on Friday.

Cambodia attracted fixed-asset investment of 2.32 billion U.S. dollars from China last year, up 67 percent from 1.39 billion dollars in the year before, according to a report from the Council for the Development of Cambodia.

Early voting for S.Korea's presidential election kicks off

SEOUL, March 4 (Xinhua) -- An early voting for South Korea's presidential election kicked off Friday ahead of the election day on March 9.

The early voting, which was adopted in 2013 and first applied to the 2014 local elections, will be carried out for two days through Saturday.

Over 44 million eligible voters, who wish to cast ballots before the election day, will be allowed to vote at 3,552 polling stations across the country from 6:00 a.m. to 6:00 p.m. local time.

China seeks to unify public in support for Russia

SINGAPORE (AP) — As the West condemns Russia, President Vladimir Putin has vocal supporters in China, where the ruling Communist Party tells its people they are fellow targets of U.S.-led harassment.

“If Russia is destroyed, we will be next. This is for sure,” said Wang Yongchun, a retiree in Beijing. “The United States wants to dominate the world.”

Such comments reflect the stance of a ruling party that is the closest thing Putin has to a major ally: The war should stop but the United States is to blame.

US Navy says crashed F-35C plane raised from South China Sea

BEIJING (AP) — The U.S. Navy says it has recovered an F-35C Lightning II aircraft that crashed while attempting to land on an aircraft carrier in the South China Sea in January.

The 7th Fleet said a robot submarine attached rigging lines to the long-range joint strike stealth fighter, which was then raised from a depth of 3,780 meters (12,400 feet) on Wednesday using a ship’s crane.

The recovery alleviates concerns that China or Russia might reach it first and gain access to its advanced technology, whether to replicate it or learn how to defeat it.

China’s legislature to meet with economy, Ukraine backdrop

BEIJING (AP) — China’s 3,000-member ceremonial parliament will open its annual session Saturday with the government facing a slowing economy and international pressure over its refusal to condemn Russia’s invasion of Ukraine.

While domestic issues typically dominate the National People’s Congress, the war in Ukraine is highlighting the ideological confrontation between the American-led West and the competing world view of Beijing and Moscow.

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