Five Things You Need to Know to Start Your Day: Asia
1. China's economy grew 6.9% in the third quarter, beating expectations
- This is the fastest growth rate in a year, and it is a sign that the world's second-largest economy is continuing to recover from the pandemic. - The growth was driven by strong exports and government stimulus measures. - However, the economy still faces challenges, including a property market slowdown and rising energy prices.
2. Japan's Prime Minister Fumio Kishida has dissolved the lower house of parliament and called for a snap election
- The election will be held on October 31st. - Kishida is seeking a fresh mandate to address the challenges facing Japan, including the COVID-19 pandemic and the country's economic recovery. - The main opposition party, the Constitutional Democratic Party of Japan, is led by Yukio Edano.
3. South Korea's President Moon Jae-in has urged North Korea to stop provocations and return to dialogue
- Moon made the remarks in a speech at the United Nations General Assembly in New York. - He said that North Korea's nuclear and missile programs pose a serious threat to regional and global security. - Moon also called on the international community to support his efforts to achieve a peaceful resolution of the North Korean nuclear issue.
4. India's Supreme Court has ruled that the government cannot impose a blanket ban on cryptocurrency
- The court said that the government can regulate cryptocurrency, but it cannot ban it outright. - The ruling is a victory for cryptocurrency enthusiasts in India. - However, the government is still considering introducing new regulations for cryptocurrency.
5. Australia's Prime Minister Scott Morrison has announced a new $1 billion package to support the country's tourism industry
- The package includes funding for tourism marketing campaigns, infrastructure projects, and skills training. - The tourism industry has been hit hard by the COVID-19 pandemic. - The government hopes that the new package will help to revive the industry.
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