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Xinhua Asia-Pacific news summary at 1600 GMT, March 28

0 Comment(s)Print E-mail Xinhua, March 29, 2024
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MANILA -- Forty children have died of whopping cough, a respiratory infection also called pertussis, since this year, the Philippines' Department of Health (DOH) has reported.

The DOH said in a statement on Wednesday that cases have continued to increase since the start of this year, recording 568 cases from Jan. 1 to March 16. (Philippines-Pertussis)

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CANBERRA -- Australia has welcomed China's decision to lift anti-dumping and anti-subsidy tariffs on Australian wine.

A joint media release from Australian government agencies said that the Australian side welcomes this outcome, which comes at a critical time for the Australian wine industry, adding that "the re-entry of Australian bottled wine into the Chinese market will benefit both Australian producers and Chinese consumers."

China's Ministry of Commerce on Thursday announced that the country will lift anti-dumping and anti-subsidy tariffs on Australian wine from Friday. (Australia-Canberra-China-Wine-Tariff lifting)

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MACAO -- China's economic landscape is displaying a stable and diversified trend, said Maggie Xiaoqing Fu, a professor at the University of Macao, with positive prospects for the around 5 percent GDP growth target announced during the "two sessions."

The ongoing supply-side structural reforms are pivotal in optimizing the economic structure, the professor in finance and business economics told Xinhua, adding that an increasing proportion of service and high-tech industries can inject new momentum into economic growth. (Macao-China-Boao Forum)

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KUALA LUMPUR -- The China-proposed Belt and Road Initiative (BRI), with its unprecedented opportunities, remains at the center of Malaysia-China cooperation, a Malaysian official said on Thursday.

The BRI framework continues to be a key platform in various fields, including infrastructure development, connectivity, trade facilitation, and people-to-people exchanges, Malaysian Deputy Prime Minister Fadillah Yusof said in his keynote speech at the Silk Road and Asian Civilizational Forum 2024. (Malaysia-BRI)

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HANOI -- Vietnam's deposit interest rates are expected to remain low until the middle of 2024, with a slight increase anticipated due to higher credit demand, Vietnam News reported Thursday, citing analysts.

The current rate for a 12-month deposit stays below 5 percent per year, down 0.5 percentages points from the previous month, according to the report. (Vietnam-Deposit Interest Rates)

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SEOUL -- South Korea's real wage, adjusted for inflation, fell in double digits amid the still high inflation, labor ministry data showed Thursday.

The per-capita nominal monthly average wage in businesses with one or more regular employees shrank 8.6 percent over the year to 4,289,000 won (3,190 U.S. dollars) in January, according to the Ministry of Employment and Labor. (South Korea-Real Wage-January) Enditem

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