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China records $7.3bn trade deficit
China’s trade balance plunges in February as exports slow during the Lunar New Year holidays, a factor analysts say means the data should not be taken at face value
Dalai Lama to retire from politics
The Dalai Lama is to step down as political leader of the Tibetan government in exile, declaring that it was time for a transition to new leadership
S Korea raises rates to cool economy
Seoul looks set to combat inflation with further rises, worrying more about a 20% increase in the price of the staple Korean lunch than the effects of unrest in the Middle East.
US removes official over Okinawa comments
The US has replaced a top state department official who allegedly described people from the southern Japanese island as ‘lazy’ and ‘masters of manipulation and extortion’
Earthquake prompts New Zealand to cut rates
New Zealand’s central bank has sliced half a percentage point off its benchmark interest rate in an effort to limit the short term economic impact of last month’s devastating earthquake
Seoul to investigate ‘Shanghai siren’ scandal
Foreign minister apologises for emergence of story involving a 33-year-old Chinese woman, South Korean diplomats and the smuggling of North Korean defectors to the South
David Pilling: Hong Kong’s land system that time forgot
The land leasing system, a legacy of British colonialism, creates huge distortions and opacities, making it hard to talk sensibly about levels of tax and expenditure, writes David Pilling
Killings by Afghan insurgents double
‘Anti-government elements’ have slowed progress by stepping up a campaign to kill or intimidate Afghans who take on official roles
Bangladesh High Court upholds Yunus exit
The court ruling – which backed a move by the central bank and which Mr Yunus will appeal against – came as the US criticised Bangladesh’s handling of the affair
Japan appoints new foreign minister
The prime minister’s promotion of the established but low-profile ruling party politician Matsumoto is seen as a move to ensure stability in overseas policy
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