AFP Asia Business
North Korea bars foreign tourists from new seaside resort
North Korea has barred foreigners from a newly opened beach resort, the country’s tourism administration said this week, just days after Russia’s top diplomat visited the area.The sprawling seaside resort on its east coast, North Korean leader Kim Jong Un’s pet project, opened to domestic visitors earlier this month with great fanfare in state-run media.Dubbed …
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China mulls economy-boosting measures to counter ‘severe situation’
China has a “plentiful” toolbox to avoid an economic slump in the second half of the year, its commerce minister said Friday as he admitted it faced a “very severe and complex situation”.Growth hit 5.2 percent in the second quarter, official data showed Tuesday, but analysts have warned that more must be done to boost …
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Japan rice prices double, raising pressure on PM
Rice prices in Japan soared 99.2 percent in June year-on-year, official data showed Friday, piling further pressure on Prime Minister Shigeru Ishiba ahead of elections this weekend.Public support for Ishiba’s administration has tumbled to its lowest level since he took office last year, partly because of frustration over the cost of living.One of the main …
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