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Tourism featuring ASEAN cultures heats up in border region

Xinhua – South China’s Guangxi Zhuang Autonomous Region, as the frontier of exchanges and cooperation between China and the Association of Southeast Asian Nations (ASEAN), has offered an exotic taste featuring ASEAN cultures for tourists. Due to geographical proximity and cultural affinity, a strong atmosphere of cross-border cultural exchanges and integration between China and ASEAN has […]

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Southeast Asia GDP growth revised up to 5% in 2022

The Asian Development Bank revised its GDP growth projections for Southeast Asian countries in 2022 to 5 percent, slightly up from its earlier estimates of 4.9 percent. The bank, which maintained the forecast for 2023 at 5.2 percent, made its observations regarding the economic performance of Asean Countries in its Asian Development Outlook Supplement for […]

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Business sector preps Apec proposals

Key business people are preparing to propose five-point recommendations, including the long-delayed Free Trade Area of the Asia-Pacific (FTAAP), which is part of regional economic recovery plans, to 21 leaders of the Asia-Pacific Economic Cooperation (Apec) when they meet in Bangkok later this year. The recommendations are based on a series of meetings of the […]

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Asia factory activity tumbles on supply, weaker demand

ASIA’S factories continued to report weakening activity in July amid lingering supply chain complications and a slowing global economy. Purchasing managers’ indexes for South Korea and Taiwan took the biggest hit, according to S&P Global. South Korea’s July PMI slumped to 49.8 from 51.3 in June, its lowest reading since September 2020. New orders contracted and […]

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RCEP deepens industrial ties between ASEAN countries

Nanning (Xinhua) – At a leading paper factory in south China’s Guangxi Zhuang Autonomous Region, a production line was running at full steam as orders from ASEAN countries surge this year. “Nearly 90 containers filled with white cardboard produced by the factory are shipped through Qinzhou port every day to ASEAN markets and the number keeps […]

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