South Korea's factory production unexpectedly jumped in May, led by cars and chips, official data showed on Friday, while retail sales also rose last month in an encouraging sign for a slowly recovering economy.
Annual profits at China's industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering post-COVID economic recovery.
Profits at China's industrial firms shrank by 18.8% year-on-year in the first five months of 2023, official data showed on Wednesday, as companies wrestled with margin squeezes from softening demand amid a stumbling post-COVID economic recovery.
MERSING: Members of the B40 group are ready to take advantage of the efforts of the unity government to help them increase their family income through the People's Income Initiative (IPR), but there should be more information as many are still not aware.
China's economic growth in the second quarter will be higher than the first and is expected to reach the annual economic growth target of around 5%, China's Premier Li Qiang told delegates at the World Economic Forum in Tianjin on Tuesday.