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China marks victory over Japan BEIJING: Chinese President Xi Jinping and all six other members of the Politburo Standing Committee, the country's most powerful body, made a rare public appearance Wednesday to commemorate 69 years since Japan's surrender at the end of World War II.The ceremony was the first since Beijing earlier this year declared September 3 as a national day to mark Japan's defeat -- it signed the formal surrender on board the USS Missouri in Tokyo Bay on September 2, 1945, with China celebrating the following day.Relations between the two countries are currently mired in bitter disputes over territory and history.Hundreds of veterans, officials, military personnel, schoolchildren, and young people in traditional ethnic minority dress gathered at a museum near the Marco Polo Bridge on the edge of Beijing, where a skirmish between Chinese and Japanese troops in 1937 triggered full-scale war.Opening the ceremony, Premier Li Keqiang called on the crowd to "pay ...

Explosion at steel plant in Japan: reports TOKYO: At least six people were rushed to hospital Wednesday after an explosion at a steel plant in central Japan, media reported.Television pictures showed clouds of black smoke billowing from the Nippon Steel and Sumitomo Metal facility in Tokai, with one broadcaster reporting 12 people had been hurt in the blast.A spokesman at the Aichi prefectural police said the fire department had been alerted to a problem at the plant at 12:46 pm (0346 GMT)."A ...
Japan PM names five women to new cabinet TOKYO: Japanese Prime Minister Shinzo Abe named five women to his new cabinet on Wednesday, matching the highest ever number of female members of the executive."A society in which women shine is one of the big pillars of this government," Chief Cabinet Secretary Yoshihide Suga told a news conference ahead of the announcement.Copyright AFP (Agence France-Presse), 2014 ...
South Korea delays smog tax amid pressure from car makers SEOUL: South Korea has delayed a proposed tax on vehicle carbon emissions by over five years to the end of 2020, amid pressure from domestic and US car makers who fear the levy would curb sales. But the country confirmed it would push ahead with plans to begin what will be the world's second-biggest carbon emissions trading scheme from the start of 2015, as it battles to cut greenhouse gas emissions in 2020 to 30 ...
Japan PM to reshuffle cabinet in bid to re-energise TOKYO: Japanese Prime Minister Shinzo Abe is expected to reshuffle his cabinet on Wednesday in a bid to re-energise his economic and security agenda after once stellar approval ratings began to wane.The staunch conservative had enjoyed sky-high public support when he came to power in December 2012 promising to kick-start Japan's sputtering economy.But a series of bruising battles over a consumption tax hike and an unpopular move to water-down the pacifist constitution have taken some ...
Chinese home prices drop again in August BEIJING: Chinese home prices fell again in August from the previous month, two private surveys showed, suggesting the housing market was slowing further despite efforts by the authorities to lift the sector. Prices of new homes in 288 cities fell 0.3 percent in August from July, the fifth consecutive drop on a monthly basis, a poll by real estate services firm E-House China Holdings Ltd showed. Compared to a year before, home prices in August ...
Japan Finance Minister Aso says economy's recovery trend remains intact TOKYO: Japanese Finance Minister Taro Aso said on Tuesday that the economy remains in a recovery trend, following a slew of economic indicators that cast some doubt about the strength of a rebound from April's sales tax hike. Aso also told reporters that the government must continue to stick to its aim of achieving fiscal consolidation after a cabinet reshuffle expected on Wednesday.Copyright Reuters, 2014 ...

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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 02, 2014
Reserves $13.581 bln