ASIA

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China released a comprehensive policy document on Sunday, outlining its ambitions to develop advanced industries and improve the business environment. Analysts, however, noted the absence of imminent structural shifts in the world's second-largest economy. The 60-point document follows the Communist Party's Central Committee meeting, led by President Xi Jinping, which occurs approximately every five years and is known as a plenum.

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China's economic growth decelerated to 4.7% in the second quarter of 2024, falling short of expectations and highlighting ongoing challenges in the world's second-largest economy. This slowdown, primarily driven by weak domestic demand and a persistent property slump, marks the lowest quarterly growth since early 2023.

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China's supreme leaders including the President, Mr Xi Jinping, vowed Thursday to resolve "risks" plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its financial woes.

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Flash flooding and torrential rain have killed hundreds of people in recent weeks, as the climate crisis amplifies the effects of the monsoon season, bringing widespread devastation to South Asia.

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India's foreign ministry has released an announcement saying that Russia has promised an early release of all Indian citizens fighting in its army. This announcement has been birthed after Indian Prime Minister Narendra Modi's visit to Moscow, during which he raised the issue with President Vladimir Putin.

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Madam Alice Guo, a mayor in the Philippines who has been accused of being a Chinese spy has gone into hiding, officials said.

Police could not carry out a warrant for the arrest of Alice Guo over the weekend as she was not at any of her known addresses.

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Suspected militants have ambushed Indian soldiers in the Kathua district of Indian-administered Jammu and Kashmir leaving five soldiers dead while others remained got injured.