Missed the top stories from Asia this week? Here’s a round-up of some of the highlights.
China celebrated the 75th anniversary of the founding of the People’s Republic of China with grand celebrations across the country. From being the world’s second-largest economy to the largest manufacturer and merchandise trader, China’s journey is one of considerable global impact over the last seven and a half decades.
India announces rice exports
India resumes non-basmati white rice exports, affecting global supplies and prices. The decision follows recent moves to ease export restrictions on premium rice varieties, leading to a drop in global rice prices post the announcement.
Nepal grapples with severe flooding that has claimed multiple lives and caused significant destruction. The government is in the process of assessing the damage and estimating the cost of recovery from one of the worst floods in recent memory.
Japan’s new leadership
Japan’s new Prime Minister Ishiba unveils his cabinet and announces a snap election. With a focus on economic recovery and addressing rising costs, the new government aims to steer Japan through challenging times both domestically and internationally.